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The Loop Downtown in Chicago is synonymous with the Loop. The Loop refers to a core of primarily commercial, governmental, and cultural buildings contained within a looping of elevated train tracks in the center city, Downtown Greater downtown Chicago extends beyond the Loop and is bounded by the Chicago River to the north and west, by Michigan Avenue to the east, and by Roosevelt Avenue to the south. The North Side North Michigan Avenue is known as the Magnificent Mile, from the bridge spanning the Chicago River to its northern tip at Oak Street. Many of the city's best hotels, shops, and restaurants are to be found on and around elegant North Michigan Avenue. Old Town West of LaSalle Street, principally on North Wells Street between Division Street and North Avenue, is the residential district of Old Town, with some of the city's best-preserved historic homes.
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