Initial details have been revealed for the potential hotel conversion of part of 875 North Michigan Avenue on the northern end of the Magnificent Mile. The iconic tower, commonly known as the John Hancock Center, is working on reimagining itself as it faces high vacancy rates like others in the surrounding area. The parking and office floors are owned by local firm Hearn.
Plans have been announced for a major remodel of Water Tower Place at 835 North Michigan Avenue in the Magnificent Mile area. The historic vertical mall has been one of the core anchors of the shopping district since its completion in 1975. The remodel is being led by the mall’s current owner, MetLife Investment Management.
Initial details have been revealed for the new Candy Hall of Fame Experience at 830 North Michigan Avenue in the Magnificent Mile area. Located on the corner of East Pearson Street, across from Water Tower Place, the experience marks the largest lease on the iconic strip since 2015. This comes at a time when the Mile is undergoing a slight revival.
A new flagship Chase Bank location has been announced at 830 North Michigan Avenue in the Magnificent Mile area as we check in on additional developments nearby. The evolving retail strip has seen its ups and downs in recent years, hovering around a 29 percent vacancy rate, largely concentrated in its northern portion.
Initial details have been revealed for the expansion of 360 Chicago, located at the top of 875 N Michigan Avenue, commonly known as the John Hancock Center. Sitting on the northern end of the Magnificent Mile, which has seen increased retail vacancy, the project comes two years after the famed Signature Room closed its doors.
