Ferrero North America recently celebrated the opening of its new Innovation Center and North America R&D Labs in The Loop. Located in the historic Marshall Field and Company Building at 24 E Washington Street, the new 45,000 square foot facility brings together the different R&D divisions of the company’s major brands.
The famed Water Tower Place Mall at 835 N Michigan Avenue on the Magnificent Mile has been turned over to its lender. Located between E Chestnut Street and E Pearson Street just south of the John Hancock Tower, the retail location has occupied the full block site since the 1970’s. Most recently owned by New York-based Brookfield Properties who operate retail locations across the nation, the mall will now be in the hands of MetLife Investment Management which is a part of the insurance company.
Recent photos show work being wrapped up on the conversion of The Loop‘s Marshall Field & Company building at 24 E Washington Street. When complete it will house new office space in the top six levels of its 13 floors.