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Target No Longer in Talks to Open Store in Water Tower Place: Report nbcchicago.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcchicago.com Daily Mail and Mail on Sunday newspapers.
A spokesperson from Brookfield Properties, which owns Water Tower Place, said they have yet to confirm future plans for the location and any public discussion is purely speculative. In order for any location to come to Water Tower Place, the spokesperson said the vision would need support from the Mayor s office, Alderman s office, Tax Assessor s office, the Mag Mile Association and the local community. Although some Chicagoans have said Target could be a convenient choice for a storefront on Michigan Avenue, residents like Cook County Treasurer Maria Pappas said the department store just doesn t fit. There s nothing elitist about this. This is just simply saying, Please don t sell celery and carrots in Water Tower, Pappas said. It is a magnificent structure. ....
Reports: Target in talks to replace Macy's at Water Tower Place fox32chicago.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fox32chicago.com Daily Mail and Mail on Sunday newspapers.
Print The Magnificent Mile has long been one of Chicago s biggest tourists draws, and a hot spot for retail flagships that build brands and win over customers. For the last few years, however, storefronts on the renowned shopping district have been emptying out, and the pandemic has been an accelerant. Late last year, 10.5 percent of the more than 3.3 million square feet of retail space on the Mag Mile was vacant, up from 7.4 percent in 2019 and 6.5 percent in 2018, according to brokerage CBRE. Upcoming exits from Macy s and Gap will push that rate even higher, to at least 16.5 percent. That doesn t mean it is time to write the Mag Mile s obituary, experts say. But it is time to reinvent the strip. To get its mojo back post-pandemic, Michigan Avenue needs to become an experience that extends beyond shopping, eating and sightseeing. ....
Water Tower Place faces its biggest challenge chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.