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Water Tower Place's opening changed the economic dynamics of the Magnificent Mile by bringing middle-class shops to what had been a street dominated by luxury retailers, tony hotels, and expensive apartments. It shifted downtown Chicago's retail center of gravity north from State Street to North Michigan Avenue.
The Magnificent Mile (also The Mag Mile) is a section of Michigan Avenue in Chicago devoted to retail, dining, hotels and tourist attractions. Running from the Chicago River to Oak Street in the Near North Side, [1] the district is located one block east of Rush Street and is the main retail corridor between the Loop and Gold Coast. [2]
However Chicago evolved and by the 1920s, commuter suburbs began to have significant retail districts. [6] After 1950, suburban development reduced the role of the Loop's daily significance to many Chicagoans as downtown retail sales slipped. However, the Magnificent Mile kept a luxury shopping district close to the central business district. [8]
A shopping street or shopping district is a designated road or quarter of a city/town that is composed of individual retail establishments (such as stores, boutiques, restaurants, and shopping complexes). Such areas will typically be pedestrian-oriented, with street-side buildings, wide sidewalks, etc. [1] [2]
This page was last edited on 3 December 2024, at 15:32 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
At 871 feet (265 m) tall, it is the eleventh tallest building in Chicago as of 2023 and the 59th-tallest in the United States. It was developed by Urban Retail Properties in 1988 as an upscale sister to Water Tower Place, one block southeast, and was the second vertical mall built along the Magnificent Mile.
But in the 1900–1907 Ads for the Chicago Musical College, the address was referred to as "202 Michigan Boul." As recently as the 1920s, North Michigan Avenue (especially the Magnificent Mile) was referred to as "Upper Boul Mich". [3] Paris's Boulevard Saint-Michel is the original Boul Mich.
One Magnificent Mile Condominium Association, also known as One Mag Mile or One Magnificent Mile is a mixed-use retail, office and residential skyscraper in downtown Chicago, Illinois. The building was aptly named after its location at the head of the Magnificent Mile shopping corridor immediately adjacent to the exclusive Oak Street shops.
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