Chicago is always evolving, and few projects highlight that more than the upcoming Bally’s Casino Resort in River West. Scheduled to open in 2026, this $1.7 billion development will completely change the look and feel of the neighborhood.
For real estate buyers, renters, and investors, it’s important to understand how a project of this size can impact housing demand, property values, and short-term rental opportunities in River West and surrounding areas.
What’s Planned for Bally’s Chicago
The Bally’s Chicago project will rise on the former Tribune printing site along the river. Once complete, it will include:
-
A 500-room luxury hotel
-
A full casino with slots and table games
-
Dining, bars, and entertainment venues
-
Retail shops
-
A public riverwalk
This development isn’t just about a casino. It’s designed to be a destination that blends hospitality, nightlife, and residential life—connecting River West more directly to River North and the Loop.
Real Estate Impact in River West
Housing demand is likely to rise. With thousands of permanent jobs created, employees will be looking for nearby housing. This benefits both buyers and landlords.
Property values could increase. River West has already been a more affordable option compared to River North. With Bally’s coming, prices may rise as more buyers look to invest before the resort opens.
Short-term rentals may thrive. Tourists and business travelers will need extra accommodations. Even with a large hotel, Airbnb and furnished rental demand could grow in River West and the West Loop.
Neighborhood transformation is inevitable. River West has long been overlooked, but this project will put it on the map. Expect more foot traffic, restaurants, and nightlife—turning it into one of Chicago’s most active areas.
Things Buyers and Investors Should Consider
-
Traffic and congestion: More visitors mean busier streets.
-
Noise and nightlife: Great for some, less appealing for others.
-
Community changes: Rising rents and new development may shift the neighborhood’s feel.
Why This Matters Now
Projects like Bally’s can reshape a neighborhood before the doors even open. If you’re thinking about buying in River West, it may make sense to get in before property values adjust. Investors looking for long-term rental income or short-term rental opportunities should also keep this project on their radar.