Chicago's Golden Goose

Once known as "Little Hell" for its copious industrial plants, Goose Island is a rare, relatively undeveloped investment opportunity. Centrally located, it may one day house swanky offices.

1 minute read

June 29, 2015, 9:00 AM PDT

By Philip Rojc @PhilipRojc

Goose Island Chicago

Bernt Rostad / Flickr

Known better as a beer, Chicago's Goose Island has finally caught the eye of developers and investors. Location is the main draw. Just north of downtown, Goose Island has easy access to vibrant neighborhoods like Lincoln Park and Wicker Park. To the east of Goose Island lies the erstwhile site of Cabrini-Green. 

"Because it was designated by the city as a planned manufacturing district in 1991, the patch of land remains free of residential high-rises. The largely unchanged landscape, and its isolation, makes it one of the rarest urban planning opportunities in the country." 

It is estimated that "40 percent of Goose Island is ripe for redevelopment within 20 years. Longtime tenants such as Big Bay Lumber, FedEx and Waste Management soon will be joined by a federally funded digital manufacturing lab and's first distribution facility in the city, among other new uses."

If Goose Island is destined to become a glorious office park, significant transportation investment will be needed. "A successful transformation will require infrastructure upgrades. Only one pedestrian bridge spans the river, and auto traffic frequently chokes the streets on and around the island."

Saturday, June 20, 2015 in Crain's Chicago Business

Large blank mall building with only two cars in large parking lot.

Pennsylvania Mall Conversion Bill Passes House

If passed, the bill would promote the adaptive reuse of defunct commercial buildings.

April 18, 2024 - Central Penn Business Journal

Aerial view of Oakland, California with bay in background

California Exodus: Population Drops Below 39 Million

Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.

April 11, 2024 - Los Angeles Times

Wood-frame two-story rowhouses under construction.

Fair Housing Cannot Take a Back Seat to ‘Build, Baby, Build’

If we overlook fair housing principles in the plan to build US housing back better, we risk ending up right back where we started.

April 11, 2024 - James Jennings

Close-up of row of slot machines in dark casino.

New York Casinos Gain Zoning Change Approval

The new process will let casino projects avoid undergoing a separate land use review in certain circumstances.

45 minutes ago - The Real Deal

High view of woman walking in parking lot with red and white cars visible at left.

Non-Roadway Traffic Deaths On the Rise

A growing number of traffic deaths occur in driveways, parking lots, and other non-roadway spaces.

1 hour ago - Streetsblog USA

Purple jacaranda trees in bloom in Los Angeles with tall white Art Deco buildings in background.

LA County Releases Draft Community Forest Management Plan

LA County's Chief Sustainability Office just released the discussion draft of Room to Grow, the first Community Forest Management Plan for the county.

April 21 - Los Angeles County Chief Sustainability Office

News from HUD User

HUD's Office of Policy Development and Research

Call for Speakers

Mpact Transit + Community

New Updates on PD&R Edge

HUD's Office of Policy Development and Research

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.