The New Eastside of Chicago

Those contemplating a move and looking at real estate in Chicago could consider jumping on the bandwagon and exploring their options in the "New Eastside," touted by the Chicago Architecture Foundation as "Chicago's newest neighborhood," according to Crain's Chicago Business. This neighborhood, also referred to as the Near Eastside, is exploding, particularly in the residential arena, as families move to the "quiet" area of the otherwise bustling heart of the city, reported RedEye Chicago.

The New Eastside neighborhood of Chicago puts residents just northeast of the city's business district, The Loop, and is officially bordered by Lake Michigan, Michigan Avenue, Millennium Park and the Chicago River. This is a prime location, putting residents within an arm's reach of some of the city's most popular attractions and famous buildings such as the Aon Center, Prudential Plaza and Buckingham Plaza. The area also is home to a newly added, 6-acre park that includes a dog park and an area designated for children to play.

Vanessa Casciano is the community relations director for a new property development heading to the area called Lakeshore East, which is set to open for occupancy in February 2013. Speaking about this new neighborhood, Casciano told RedEye, "It's like a real village within the city. I think it's one of the hottest new neighborhoods in town."

Casciano noted that this community has special events such as yoga, workout boot camps and movies in the park, and the area businesses lend a good deal of character to the neighborhood. New Eastside encompasses the Village Market Center for high-end retail, a grocery store and many options for casual and sophisticated dining.

The New Eastside additionally has a handful of exciting things coming. New restaurants continue to pop up, including a Mexican cuisine restaurant and a sandwich shop, RedEye reported. Perhaps one of the most anticipated additions to the neighborhood is a Gems Elementary School, making this community an increasingly attractive area for families looking at homes for sale in Chicago. The New Eastside is fast becoming known for its "distinctive" high-rise buildings, Crain's Chicago Business reported, transforming what used to be a mess of train tracks into a thriving residential haven.