Other former Water Tower Place stores that have closed in recent years include Abercrombie & Fitch, Vera Bradley and Lettuce Entertain You Enterprises’ Foodlife food hall and Mity Nice restaurant. The Macy’s space in Water Tower Place remains vacant. Target was in talks to open a space in the mall last year, although those negotiations had fallen through by summer. The vacancy was the largest on North Michigan Avenue in “at least a generation,” the Tribune reported at the time. The department store opened that year as Marshall Field’s it had operated under the Macy’s name since 2006. In January 2021, the mall’s anchor tenant, Macy’s, announced it was vacating its space in the mall, leaving more than 300,000 square feet empty for the first time since the mall opened in 1975. Water Tower Place has faced significant challenges over the last several years. As legend has it, the Water Tower was the only structure left standing after the city was ravaged by the Great Fire of 1871 and it quickly became a rallying point for Chicago’s ability to rise. We look forward to discussing the future of this iconic shopping destination with our clients and other key stakeholders.” And while that’s certainly true, the seven-story shopping center makes an effort to appeal to kids of all types. “While we cannot comment on specifics of this transaction, MetLife Investment Management has a proven track record in institutional real estate and a dedicated team in the Chicago area. When you think of Water Tower Place, you probably think about another upscale mall along the Magnificent Mile (or a place to duck inside when you unexpectedly get caught in the rain). “Water Tower Place is a high-quality real estate asset that is well-positioned in the Chicago market,” said MetLife Investment Management spokesperson Dave Franecki in a statement. Ownership will be transferred to lender MetLife Investment Management, a unit of MetLife Inc. “After many discussions to carefully assess and identify all available options to move forward, we’ve determined that it is best to focus Brookfield’s resources on other opportunities within our portfolio,” Kahn said. In a statement Wednesday, Brookfield Properties spokesperson Lindsay Kahn said Water Tower Place “will no longer be part of Brookfield’s portfolio.” You can learn more about the cultural attractions in Chicago, or schedule a visit with the Undergraduate Admission Office to learn more about the benefits of being a university student in a major urban center.The owner of Water Tower Place, long a desirable retail destination on Chicago's Magnificent Mile, is walking away from the troubled mall. Other great spots include the world-renowned Art Institute of Chicago, Museum of Contemporary Art, and the Newberry Library. In addition to the unparalleled shopping on Michigan Avenue, the Water Tower Campus offers numerous dining and entertainment options, including Navy Pier and Chicago's Millennium and Grant parks. Holy Name Cathedral and the Roman Catholic Archdiocese of Chicago are also nearby. The campus is just a short walk from architectural landmarks such as the John Hancock Center, the Tribune Tower, and the Wrigley Building. The Water Tower Campus derives its name from the historic Chicago Water Tower, which survived the Great Chicago Fire of 1871. In addition to hosting the majority of graduate classes, this campus also includes the Loyola University Museum of Art (LUMA), the Baumhart Residence Hall and Terry Student Center, and the University’s historic Lewis Towers, which is the home of the Office of the President and other key University administrative offices. After that, then you can refuel at foodlifes 14-kitchen food court where meals. Select programs in the College of Arts and Sciences You can ride the glass elevators for some retail therapy on the upper floors.Arrupe College of Loyola University Chicago.School of Continuing and Professional Studies.
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