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The mile’s midsection, between Chicago and Grand Avenues, would accommodate department stores similar to current tenants Nordstrom and Neiman Marcus. Moving south, the area between Delaware Place and Chicago Avenue would feature “experiential” stores (think of the Immersive Van Gogh exhibit, the Legoland Discovery Center, theaters, and beverage tasting rooms). Shopping, however, is a vital driver, and the ULI Chicago plan calls for dividing the Mag Mile into four “retail zones.” The far north, from Oak Street to Delaware Place, would feature luxury boutiques like those on Oak - Armani, Chanel, Hermès, Prada - where the retail vacancy rate is just 3 percent, according to CBRE, which tracks business leasing. Shopping is only a piece of what you do.” “We’re thinking about ways of spending an afternoon there. “Mag Mile is a thoroughfare, so people go to one or two locations and move on,” says Cindy McSherry, ULI Chicago’s executive director.
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The ULI Chicago panel culled ideas from the Champs-Élysées in Paris, Bandera Street in Santiago, Chile, and New York’s High Line and Bryant Park. One early result: A report commissioned from ULI Chicago that recommends remaking the Mag Mile into a pedestrian-friendly promenade, with wider sidewalks, extended green spaces, and “pocket parks” and plazas for wandering, lounging, or grabbing a drink. So a panel of urban planners, architects, and civic and business experts has joined with City Hall to work on a rescue strategy. Like other prestigious shopping districts, the Mag Mile is coping with online rivals and a business-crushing pandemic after the recent rash of shootings, assaults, carjackings, and “smash-and-grab” thefts, it’s also now seen as a dangerous place to visit.
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The entire Mag Mile is in need of revitalization, being primarily responsible for the 22 percent retail vacancy rate (compared with 4 percent in 2016) and a 23 percent year-over-year drop in city sales tax revenues in its affluent 60611 ZIP code, according to data cited by the Urban Land Institute Chicago, a nonprofit enlisted by the city and business interests to examine the Mag Mile’s options. That doesn’t just apply to Water Tower Place. “The reality is, that’s not going to happen.” “Everybody would love Water Tower Place to go back to what it was,” says Alderman Brian Hopkins, whose 2nd Ward includes part of the Mag Mile. The food court’s highlight is an M Burger. Other familiar retailers have fled, including Gap and Banana Republic, making way for sports jersey and T-shirt shops. These days, the department stores are gone, leaving vacant spaces.
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The eight-story mall had scores of brand-name shops, chic boutiques, and a bustling food court with a dozen stations each serving a distinct cuisine. The gray-marble-clad building on North Michigan Avenue was home to retail titans of yore, including Lord & Taylor and Marshall Field’s. The drinks pair deliciously with Te’amo’s fluffy mochi donuts, fresh coconut jelly, and unique cakes.Little more than a decade ago, Water Tower Place was the ultimate destination for shoppers itching to spend money along the Magnificent Mile. Other new flavors include the vanilla coffee latte, coffee latte, and Americano. Pictured here: 🧋 Brown Sugar Coffee Latte 🧋 Blue Sky Latte 🍓 Strawberry Coffee Latte 🌹 Rose Latte They are all so tasty! I love a good coffee and boba combo.
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Te’amo Boba Bar is now serving coffee drinks at the Water Tower Place on the Mag Mile! Drinks are made with locally roasted coffee beans, housemade syrups, and your choice of organic dairy/non-dairy milk.
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