▁price ▁for ▁resident ial ▁real ▁estate ▁was ▁$ 7 1 0 , 0 0 0 ▁in ▁ 2 0 0 5 ▁according ▁to ▁For bes . ▁In ▁addition ▁to ▁the ▁government , ▁financial , ▁theatre ▁and ▁sho pping ▁districts , ▁there ▁are ▁neighborhood s ▁that ▁are ▁also ▁part ▁of ▁the ▁Loop ▁community ▁area . ▁For ▁much ▁of ▁its ▁history ▁this ▁Section ▁was ▁used ▁for ▁Illinois ▁Central ▁rail ▁yards , ▁including ▁the ▁IC ' s ▁Great ▁Central ▁Station , ▁with ▁commercial ▁buildings ▁along ▁Michigan ▁Avenue . ▁The ▁New ▁East side ▁is ▁a ▁mixed - use ▁district ▁border ed ▁by ▁Michigan ▁Avenue ▁to ▁the ▁west , ▁the ▁Chicago ▁River ▁to ▁the ▁north , ▁Rand olph ▁Street ▁to ▁the ▁south , ▁and ▁Lake ▁Sh ore ▁Drive ▁to ▁the ▁east . ▁It ▁en comp ass es ▁the ▁entire ▁Illinois ▁Center ▁and ▁L akes h ore ▁East ▁is ▁the ▁latest ▁lead - developer ▁of ▁the ▁ 1 9 6 9 ▁Pl anned ▁Development ▁# 7 0 , ▁as ▁well ▁as ▁separate ▁develop ments ▁like ▁A on ▁Center , ▁Pr ud ential ▁Pla za , ▁Park ▁Mill en ni um ▁Cond omin ium ▁Building , ▁Hy att ▁Reg ency ▁Chicago , ▁and ▁the ▁Fair mont ▁Hotel . ▁The ▁area ▁has ▁a ▁triple - level ▁street ▁system ▁and ▁is ▁bis ected ▁by ▁Columb us ▁Drive . ▁Most ▁of ▁this ▁district ▁has ▁been ▁developed ▁on ▁land ▁that ▁was ▁originally ▁water ▁and ▁once ▁used ▁by ▁the ▁Illinois ▁Central ▁Rail road ▁rail ▁yards . ▁The ▁early ▁buildings ▁in ▁this ▁district ▁such ▁as ▁the