Chicago’s Newest Neighborhood – McCormick Square – Unveiled by Metropolitan Pier and Exposition Authority
Chicago’s newest neighborhood, McCormick Square, has been unveiled by the Metropolitan Pier and Exposition Authority.
In her remarks at a luncheon held to present the new destination, MPEA CEO Lori Healey, detailed the current developments underway at McCormick Square.
“The addition of the Event Center and the Marriott Marquis Chicago, coupled with the Hyatt Regency, McCormick Place, and the exciting tourist attractions planned nearby, McCormick Square is becoming a destination rather than just a building,” Healey said.
These enhancements continue to build upon the current offerings on campus. With the combination of two hotels and an event center, McCormick Place now is able to book events and shows that weren’t previously possible.
“Our sales team has already booked three events that we would not have been able to compete for without these additions to our campus – and we still have about 18 months of construction ahead of us. McCormick Square is already delivering on its promise to provide more in one centralized location,” Healey said.
The new events include the American Baseball Coaches Association coming to McCormick Place in 2022 and 2026, Property Loss Research Bureau coming in 2021 and the large corporate meeting Genentech will take place in 2018.
These events alone will bring an estimated 31,000 room nights to the area with a total estimated economic impact of almost $26 million.
“We envision the new neighborhood will continue to evolve into a much sought after destination that will offer something for everyone,” Healey said.
She added, “With almost 3,000 jobs on campus, we bring economic development opportunities as well as vocational training through a partnership with the CPS Southside Occupational Academy. The McCormick Place Rooftop Garden provides sustainable local agriculture producing seasonal harvest that yields 8,000 pounds of vegetables annually, and we are thrilled to continue to partner with the South Loop Farmer’s Market this summer.”
McCormick Square offers the complete event experience with exhibition, meetings and hotel space, and a new Hotel and Event Center opening in 2017 with other entertainment and tourism options under development.
McCormick Square will serve as a catalyst for economic growth and help enhance the vitality of the surrounding neighborhoods, including the revitalization of the historic Motor Row Entertainment District.
Chicago had 21 shows ranked on the 2015 TSNN Top 250 trade show list, which ranks the largest shows in the U.S. by net square footage.
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