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July 08.2026
3 Minutes Read

Explore Chicago's Hidden Gems: Uncover the City's Best Secrets

Futuristic sculpture in Chicago reflecting skyline, hidden gems in Chicago

Discover Chicago's Best-Kept Secrets Beyond the Tourist Spots

Chicago is a city known for its iconic skyline, bustling streets, and rich cultural history. While starters like the Bean and Navy Pier are undoubtedly popular, there’s a world of hidden gems that locals cherish but tourists often overlook. Whether you’re a long-time resident or a newcomer eager to explore, these lesser-known spots promise a uniquely authentic experience.

Biking the Loop: A Dynamic Perspective

Starting in the heart of the city, the Loop neighborhood offers more than just a hub of business and commerce. Ditching the car and opting for a Divvy bike lets adventurers weave through the city’s scenic lakefront and high-rises while avoiding traffic. The Chicago Water Taxi is another exciting option; it provides a leisurely way to glide along the river and take in architectural marvels from an entirely different angle. Tourists often miss this chance to see the city come alive after sunset on evening tours, where twinkling lights dance across the skyline.

Culinary Delights: Local Favorites

Caffeine enthusiasts will find their haven at Hero Coffee Bar, tucked away on Jackson and State. This charming spot offers a delightful "Fairy Godmother" latte, rich with honey and lavender, making it a perfect pit stop for a break from sightseeing. This little coffee shop resides in one of the oldest buildings in Chicago, an architectural treasure that survived the Great Chicago Fire. Such stories amplify the value of supporting local businesses that contribute to the city’s heritage.

Urban Oasis: The South Garden at the Art Institute

Just steps from the busy Michigan Avenue, the Chicago Art Institute South Garden is a serene escape that remains largely unnoticed. Locals rave about its tranquil atmosphere, which feels like a serene piece of Italy. It’s a stark yet pleasant contrast to the thrumming heart of the city, providing space for reflection and enjoyment.

Hidden Treasures in South Loop

South Loop's vibrant culture and community vibe make it an ideal spot for exploration. The Wabash Arts Corridor showcases a series of murals blending various artistic styles from students at Columbia College and established artists alike. The district’s community spirit is palpable in its local eateries, like Aurelio’s Pizza, which is a delicious way to cap off a day of discovery.

Exploring Our Neighborhoods: Streeterville and Gold Coast

Traveling north, the neighboring districts of Streeterville and the Gold Coast harbor their own hidden nooks. For example, the quiet lakefront path north of Navy Pier provides stunning views of the skyline without overcrowding. The Museum of Contemporary Art, often ignored by tourists, offers incredible exhibitions mere steps from the bustling Michigan Avenue, ideal for art aficionados looking for a serene experience amidst the chaos.

Conclusion: Chicago Awaits Your Discovery

These hidden gems of Chicago not only enrich the city's narrative but also invite you to interact with its community. By venturing beyond well-trodden paths, residents and visitors alike can uncover experiences that highlight the creativity, resilience, and history of Chicago. So next time you think of the Windy City, remember to explore these delightful lesser-known treasures. After all, the heart of Chicago beats strongest in its hidden gems, waiting for you to find them.

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How Preiss Company's Acquisition Elevates Student Housing Near Mizzou

Update Preiss Company Revamps Student Living Near Mizzou The Preiss Company (TPCO), a prominent name in the student housing sector, has recently acquired and rebranded a key student living community located near the University of Missouri. Formerly known as Elevate 231, this property is now called The Collective at Columbia, signaling a new chapter for the 318-unit complex which has demonstrated consistent popularity among Mizzou students with a full occupancy rate. Enhancing the Student Experience Adam Byrley, the COO of TPCO, emphasizes that The Collective at Columbia is more than just accommodation; it’s about fostering a vibrant and supportive community for students. Designed to enhance the overall college experience, the property offers a range of amenities including a pool, dog park, volleyball court, and multiple relaxation areas. With academic life being pivotal for students, such communal features allow them to balance study with leisure effectively. Future Upgrades: What’s in Store? As part of the acquisition, TPCO plans a significant renovation initiative that will touch around half of the units. The updates are strategic, focusing on modernizing the living spaces and improving quality of life for residents. Features slated for enhancement include state-of-the-art kitchen cabinets, new countertops, lighting fixtures, and elegant flooring. Additionally, smart home technologies like key fob entry systems and smart thermostats will be incorporated to ensure security and convenience for residents. Real Estate Financing and Strategic Investment This remodel is backed by a flexible financing strategy arranged through Newmark’s team leaders Ben Roelke and Ian Walker. Given the property’s promising financial trajectory—marked by a robust occupancy—TPOC was well-positioned to fulfill both debt and equity obligations effectively. This strategic investment highlights the growing importance of accessible and modern student housing across major university towns. Why This Purchase Matters to the Community The impact of such acquisitions goes beyond the immediate improvements in living conditions. By revitalizing properties like The Collective at Columbia, TPCO contributes to the long-term sustainability of vibrant neighborhoods that are essential for student life. As these upgrades unfold, they could influence rental trends in the region, potentially setting new standards for other student housing communities. The Bigger Picture: Trends in Student Housing This move highlights a larger trend in student housing where operators are increasing their focus on providing community-oriented and amenity-rich living environments. With more students looking for comprehensive experiences rather than mere accommodation, properties that can evolve to meet this consumer demand are expected to thrive. The Preiss Company’s commitment to modernizing student living spaces illustrates a proactive approach to address both current and future housing needs of students at the University of Missouri and beyond.

Exploring Value-Add Student Housing Trades Near U. of Missouri

Value-Add Opportunities in Columbia's Student Housing MarketColumbia, Missouri, recently witnessed a significant transaction in student housing, showcasing the growing interest in investment opportunities surrounding the University of Missouri. The sale of Elevate231—a 972-bed student housing property—highlighted the appeal of well-located student communities, particularly those with potential for value adds. Transwestern Real Estate Services arranged the sale, with senior managing directors Mike McGaughy, Jon Kleinberg, and TJ Redmond representing the seller, Rialto Capital Advisors, LLC. The property was purchased by Aspen Square Management at an undisclosed price, adding a noteworthy asset to their portfolio.Strategic Timing and Market TrendsInvestor confidence soared due to the property’s features: spacious units, high occupancy rates, and a rental discrepancy up to 22% below market. As McGaughy commented, the asset’s attributes offered a unique opportunity to enhance Net Operating Income (NOI) through market-aligned rent adjustments. This reflects a broader trend in the student housing market, where properties located close to universities are becoming attractive, especially when there is room for improvement in rental pricing.The Evolving Landscape of Student HousingFurther emphasizing this trend is The Preiss Co.’s recent acquisition and renovation plans for Elevate231, now rebranded as The Collective at Columbia. The company is poised to invest significantly in an upgrade program, enhancing both the living experience and property value. These renovations will cater specifically to student demands—offering amenities like a dog park, basketball courts, and smart home technology, establishing a competitive edge in a crowded market.The Demand for Quality AmenitiesThe growing demand for quality student housing reveals a critical shift in priorities for many students. They are increasingly valuing not just proximity to campus but also lifestyle features that contribute to their college experience. The Collective at Columbia’s upcoming upgrades aim to address these preferences, making it a desirable option for students looking for comfortable, modern living spaces.Investment Insights for Potential BuyersFor prospective investors, the elevation in operational standards within the student housing sector provides opportunities for substantial returns. By investing in properties near established educational institutions like the University of Missouri, stakeholders can position themselves to benefit from a steady influx of college students seeking quality accommodations. With a focus on renovations and modern amenities, as seen in The Collective's updates, the potential for sustained rental demand remains high.Future Predictions: The Path for Student HousingLooking ahead, the student housing market in Columbia is expected to remain robust. As university enrollment numbers stabilize or increase, and as young adults prioritize living environments that encompass both leisure and academic needs, demand will continue to scale. Investors who recognize and act on these trends now stand to gain the most from anticipated shifts within the housing market.In summary, as the student housing sector evolves, keeping an eye on property investments that offer room for improvement will be crucial for maximizing returns. The recent sales and renovation projects in Columbia underscore the vitality and potential of student housing as a solid investment choice.

Watermark Plans Second KC-Area Multifamily Project: Rising Demand for Quality Rentals

Watermark Residential Expands in Kansas CityWatermark Residential, a division of Thompson Thrift, is making significant strides in addressing the multifamily housing demand in the Kansas City metro area. Recently, Watermark acquired 23 acres in Kansas City, Missouri, where it intends to build "The Element by Watermark," a 276-unit class A apartment community. This project marks their third development in Missouri, underscoring the company's commitment to enhancing the region's residential landscape.Responding to Housing DemandAccording to Paul Thrift, president and CEO of Thompson Thrift, “The Kansas City area is experiencing prolific growth, and there is a significant shortage of new supply as more people move into this area seeking quality multifamily rentals.” With the area facing a dearth of new projects, Watermark aims to fill this gap, offering not only fresh living spaces but also an attractive lifestyle.A Project Tailored for Modern LivingThe Element will feature garden-style apartments that comprise one, two, and three-bedroom units. Residents can expect a range of community amenities, including a clubhouse, a 24-hour fitness center, a resort-style swimming pool with cabana, and a pet-friendly “bark park” complete with a doggie spa. These features are designed to enhance community interaction and improve the living experience for residents.Impacts on the Kansas City Rental MarketThe demand for rental units in Kansas City remains robust, with recent data highlighting an average vacancy rate hovering around 5%. The region has seen a net absorption of nearly 1,400 units in recent months, suggesting that demand continues to outstrip supply. As the market experiences continuous growth, Watermark’s new project aligns perfectly with the current needs of renters looking for quality living options.Future Forecasts for Multifamily InvestmentsLooking ahead, industry analysts are optimistic about the Kansas City multifamily rental market's performance. Predictions indicate that demand for rental units will remain steady, contributing to ongoing rent growth in the area. In particular, the multifamily sector is attracting significant investor interest, especially for Class A properties as rental trends evolve in line with demographic shifts.Conclusion: A Community on the RiseThe Element by Watermark represents not just a new housing development but an essential response to Kansas City's evolving demographics and housing needs. As the city continues to grow, projects like Watermark's will play a crucial role in shaping the housing landscape. Those interested should keep an eye on upcoming developments and consider the potential of investing in this flourishing market.

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