The Riverwalk isn’t just for warm months
Looking for a location to build your new business, or expand your existing one? The Chicago Riverwalk is a prime piece of real estate, and the City of Chicago is calling for vendors who’d like to operate there year-round.
The Riverwalk has become a central destination in Chicago since its completion last year after over a decade of renovations. To highlight this landmark even further, city officials want to make it an attraction year-round.
The city is currently accepting proposals from businesses for contracts with a minimum three-year term, however ten-year and permanent contracts are preferred. Specifically, the city is looking to add more restaurants, concession centers, recreational activities, boating services, and entertainment facilities, as these are in line with the vendors that are currently featured on the Riverwalk.
Last year, the Riverwalk reached record highs in activity and interest, largely due to the fact that renovations allowed for additional access points and leisure areas. It’s reported that Riverwalk vendors brought in over $8.5 million in profit last year, proving that the site has become a huge attraction. Now that the completed Riverwalk is creating more room for business, it will likely grow further from just a summer attraction to a major year-round hub in the city.
The majority of available spots for potential businesses lie between Lake Shore Drive and Franklin Street. Interested vendors should submit proposals by March 9 and can contact the City of Chicago for more information.
Last year, the construction of an Apple store on the Riverwalk was announced, which will surely draw in more foot traffic. The Riverwalk also held fall festival activities for the first time, some of which operated well into December. Stay tuned for more news on business development on the Riverwalk.
Source: Loop North News
