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Regal Mile Studios Project Kicks Off with Ceremonial Groundbreaking
City, community, and business leaders held a groundbreaking ceremony Monday for Regal Mile Studios Campus 1, a 380,000-square-foot, seven-acre enclosed media campus and soundstage development on Chicago’s South Side. Loop Capital Real Estate Partners, an affiliate of Chicago-based Loop Capital, is the sponsor of the privately funded project, which supports Mayor Lightfoot’s signature INVEST South/West initiative with a focus on new development on the South Side.
“This campus is full steam ahead on development,” said Jim Reynolds of Loop Capital. “I am proud to be part of Regal Mile Studios. It marries good business and social impact. Its success will prove a recipe that can—and will—make a profoundly positive difference in the lives of young people whose opportunities are, at present, terribly limited.”
Regal Mile Studios Campus 1 submitted its application for entitlements in 2021 and aims to begin construction in 2023 for fall 2024 occupancy.
- ◦Development
