The subject property benefits from its location in the thriving West Loop neighborhood. This neighborhood has seen a dramatic shift in the past five (5) years from food production warehouses to creative loft office, retail and residential conversions. Redevelopment is the highest-and-best use for many properties in this submarket. Furthermore, the CTA Green and Pink Lines run adjacent to the property on the North. Specifically in the West Loop, the City has earmarked the South side of the CTA Green and Pink Line tracks that run along Lake Street as a prime location for highrise development, in an effort to create a “buffer” from the train and the surrounding neighborhood.