![]() "Now it's coming back, but in a different direction. Friedman & Associates, a firm that has been active in adaptive reuse in River North, the new entertainment district just south and west of Rush Street.įriedman attributed part of the decline of Rush Street to the public's perception that the area was unsafe because of thefts and muggings. In its heyday, Rush Street was the place to be, "but by the mid-1980s it was a ghost town," said real estate developer Albert Friedman, president of J.A. "At the same time, real estate taxes and rents were on the rise, putting a profit squeeze on bar owners who already were dealing with changing drinking habits, as the popularity of hard liquor declined," Hayes said. "It created owners, and they were against the noise and congestion of the nightlife.
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