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Water Tower Place

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View of the Water Tower Place skyscraper
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View of the Water Tower Place skyscraper

View showing the Water Tower Place shopping mall at the base of the skyscraper
Enlarge
View showing the Water Tower Place shopping mall at the base of the skyscraper

Water Tower Place is the name given to an adjoining shopping mall and skyscraper in Chicago. They are located on the Magnificent Mile, a stretch of North Michigan Avenue.

The tower is a 74-story 859 foot (262 m) concrete slab and is the eighth tallest building in Chicago and the twenty-sixth tallest in the United States. It contains an award winning Ritz-Carlton hotel, office space, and a retail base fronting North Michigan Avenue.

The mall takes up eight floors and has over 100 stores, including the department stores Lord & Taylor and Marshall Field's. It is one of four vertical malls on the North Michigan Avenue corridor. The others are Westfield North Bridge, 900 North Michigan, and Chicago Place, all of which were developed along the general model introduced with Water Tower Place.

Recent concern over façade problems and increased competition from the more modern vertical malls just a few blocks away have decreased the value of the mall and its hotel/residential tower. Nevertheless, substantial renovation projects over the last few years have included a reworking of the famous escalators in the main entrance and reworked Michigan Avenue decorative elements.

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