Commercial

Can Commercial Real Estate Development Lead To A Turnaround For Chicago’s Most Violent Neighborhood?

Nine miles west from the downtown center sits Austin, Chicago’s largest neighborhood by area and its second-most populous. But it grabs headlines for another superlative: being one of Chicago’s deadliest neighborhoods.

There have been 1,561 violent crimes committed in Austin so far in 2017, and 12.2% of the 548 murders recorded in Chicago this year happened in Austin. The unemployment rate is more than five times the national average, and more than one-quarter of the residents are living in poverty.

Read Article at Bisnow.com

Leave a Reply