If you are unfamiliar with the neighborhood, I would recommend spending some time there. Go to dinner, brunch, the grocery store, coffee house, etc. You will love Taylor Street, so many great stuff on that block.
Its completely different than Printers row or the Loop. I would compare it more to the West Loop - part residential, part pockets of restaurants and store fronts.
As far as accessibility, its not really ideal if you need to get on public transportation every day, but great if you drive for work.
Growth will continue since it is so close to UIC and Rush.