Quote:
Originally Posted by west-town-brad
a data source in support of the wealth in Chicago discussion... you can look at IRS data by zip code to see what people are making annually. the 60614 zip code that covers Lincoln Park and some other adjacent areas regularly has over 1,000 households reporting $1 Million or more in annual income
in NYC there would be way more zip codes like that given the economics of the city and overall cost of living, plus NYC is a magnet for much more international cash that Chicago which helps support those crazy pricey condo buildings
|
Exactly.
Problem is, this has always been the case--yet Chicago was still keeping up with NYC in building bold skyscrapers up until 10-ish years ago.
Chicago has lost its height mojo, but I think it is made up for by the fact that SO MUCH infill is happening, particularly with underutilized sites in and around downtown. Many may not like to hear this, but we need to fill in the gaps before we can really start building upward to a substantial degree.
Manhattan just has no land. It has to go up. Chicago is in a different position in so many ways.