The Loop Area is one of the mostvisible destinations in the region forretail, entertainment, & culture.However, challenges to growth haveemerged due to economic conditions,particularly in areas where retail anddevelopment have historicallystruggled.
The Loop (from the Lions to Hodiamont), alsoreferred to as District 1, is the anchor of The LoopArea and a vibrant center for shopping, dining,entertainment, and culture. Due to a distressedreal estate market and local economy, however,the strength of the retail in The Loop has falteredin recent years. In 2006 retail rents wereapproximately $30 per square foot; by 2010they had dropped to about $21. Nevertheless,The Loop now has the opportunity to leveragestrong and unique anchors, continued investment ininfrastructure, and adjacency to a comparativelywealthy residential consumer base to catalyzenew retail growth and real estate development.District 2, the East Delmar/DeBaliviereNeighborhood, has historically stuggled to grow ina balanced and sustainable manner due to anabudance of institutional uses, a poorly maintainedphysical environment, and a lack of communitydevelopment. To date, under-developed andvacant parcels have blighted the area, but lookingto the future, these same parcels present anopportunity for large-scale and transformativeredevelopment projects. Further, there is a nascentcommunity revitalization movement underway— young professionals and families have begunmoving into the neighborhoods north of Delmar,improving the housing stock and reinvigorating thecommunity.Lastly, the Forest Park Station area, or District 3,presents another set of opportunities andchallenges. This area has developed withstorefronts set back from the street andsurrounded by parking, which has limited itsdevelopment as a walkable neighborhoodamenity. The large parcels surrounding ForestPark Station, however, present valuableopportunities to introduce new development to thearea, which could attract additional residents, andsupport the retail demands of the denseresidential neighborhoods surrounding DeBaliviereand the commuters that use Forest Park Station,one of the highest trafficked stations in the system.
Forest Park Station
7,500 2,700 5,600 4,300Households
3,600 1,300 2,500 2,500Median HH Income
$41,400 $29,700 $24,400 $40,300Median Age
33% with Bachelor's or Higher
64%% that Rent