Chicago businesses adapt to outlast 'agonizingly slow' COVID recovery 3 years after shutdown

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Chicago businesses adapt to outlast 'agonizingly slow' COVID recovery 3 years after shutdown
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Even on a bright day in the middle of a workweek, downtown Chicago can’t shake the gloom.

Prime corners in many places are vacant, and the surviving restaurants, if they’re smart, have window or sidewalk signs declaring themselves open. Except for the commuting or lunch rushes, any day can seem like a drowsy Sunday from before the pandemic hit, now three years ago." fight of their own. Some have changed their hours and competitive approaches. But few who run them are certain about the rhythms of urban life they depended on.

Don Schmidt said it took a year for Atlas to reach its pre-pandemic revenue. Now, it’s doing three times that level of business and has added five staff members in recent weeks, bringing the total workforce to 16. "I think that total is a peak for us," Schmidt said. Like other merchants, Schmidt believes the old habit of five days in the office is gone. "I think the Monday, Friday [office visits] might be questionable for the foreseeable future," he said.Restaurants in River North cut their operating hours more during the COVID-19 pandemic than restaurants in any other part of the country, according to a new survey.

Flanagan said improving amenities can cost a building $25 million to $30 million. Often, office building owners face an expensive call of whether to convert ground-floor space that ordinarily commands high rents into a tenant amenity, he said.

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