More than just a catchy slogan, one of Chicago’s many nicknames, the “City of Big Shoulders,” is a poetic testament to its indomitable spirit. Crafted by Carl Sandburg in 1914, the phrase evokes a city of raw power and tireless determination. This industrial character, shaped by the city’s strong work ethic, has defined Chicago for nearly two centuries. From the devastating Great Chicago Fire to the recent challenges posed by the COVID-19 pandemic, the city that I love has consistently risen from the ashes. Its strategic location on Lake Michigan, coupled with unparalleled infrastructure, solidifies its status as a commercial powerhouse.
Chicago’s historical manufacturing roots have evolved into a dynamic hub for advanced technologies and sustainability; its commitment to innovation foundational to its economic future. A prime example is Chicago’s ambitious plan for a $20 billion, 150-acre quantum computing campus at the former U.S. Steel plant on the South Side or the former Texaco refinery in Lockport. This groundbreaking project will bolster Chicago’s position as a technological leader, attracting top talent and creating high-paying jobs. As the city continues to transform, its “Big Shoulders” mentality clearly remains the driving force behind its progress.
A spirit of innovation and adaptability
Chicago’s on-going transformation extends far beyond its industrial and technological roots. The city’s office space landscape is undergoing a dramatic evolution. While garnering a well-earned reputation as a business hub almost since inception, Chicago is now redefining its workspace to accommodate the rise of hybrid and remote work. This shift, which began long before the pandemic, has ignited a wave of repurposing and revitalization within the city’s built environment. Mixed-use developments, blending residential, retail, and recreational spaces, are becoming increasingly common. This change is not just about improving the value of real estate; it catalyzes broader economic growth, reinforcing Chicago’s status as a premier destination for businesses seeking modern, flexible work environments.
As a fellow Chicagoan, I’m immersed in the city’s energy and spirit daily. The tapestry of cultures, the resilience of our communities, and the unwavering belief in progress have shaped my family and me. Serving as Executive Managing Director of Stream Chicago is more than a role; it’s a privilege to contribute to this city’s dynamic story. Our team is deeply connected to Chicago’s heartbeat. We understand the evolving needs of our neighbors and businesses and are committed to building upon the innovative foundation laid by the generations before us. Together, we are creating a future where our city’s rich heritage inspires groundbreaking solutions and where the promise of tomorrow is brighter than ever.
Capturing opportunity
This deep-rooted commitment is exemplified by our recent acquisition of a four-building industrial portfolio totaling nearly 600,000 square feet of Class A space. The portfolio, encompassing properties in Buffalo Grove, Chicago’s City South, and Mokena, is fully leased to seven tenants. This strategic investment underscores the strong demand for premium industrial space in key Chicago submarkets and reflects the broader industrial resurgence driven by technological advancements, reshored manufacturing, and a growing emphasis on sustainability.
Chicago’s strategic expansion of industrial parks, coupled with its pioneering adoption of smart manufacturing technologies, strengthens its position as a leading industrial powerhouse. This ongoing transformation, complemented by the city’s dynamic office space market, is a testament to Chicago’s unwavering commitment to innovation and economic growth. As Chicago continues to shape the future of industry and commerce, it remains a vibrant embodiment of the “City of Big Shoulders” spirit, poised to overcome challenges, capture new opportunities, and thrive for generations to come.