the magnificent mile - loopnet...experience the magnificent mile in all of its grandeur at 909 north...

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Page 1: The Magnificent Mile - LoopNet...Experience the Magnificent Mile in all of its grandeur at 909 North Michigan Avenue - Where Timeless Elegance meets Modern Luxury. A World-Class Opportunity
Page 2: The Magnificent Mile - LoopNet...Experience the Magnificent Mile in all of its grandeur at 909 North Michigan Avenue - Where Timeless Elegance meets Modern Luxury. A World-Class Opportunity

The City of Chicago boasts one of the most

revered and coveted retail locals in the

United States: The Magnificent Mile. In

the center of this 13-block stretch of North

Michigan Avenue you will find 909 North

Michigan Avenue alongside some of the most

recognizable storefronts in the world. This

world-class location resides steps away from

some of City’s most iconic landmarks, and is

surrounded by Chicago’s premier shopping,

dining and residential. Experience the

Magnificent Mile in all of its grandeur at 909

North Michigan Avenue - Where Timeless

Elegance meets Modern Luxury.

A World-Class Opportunity

32

Page 3: The Magnificent Mile - LoopNet...Experience the Magnificent Mile in all of its grandeur at 909 North Michigan Avenue - Where Timeless Elegance meets Modern Luxury. A World-Class Opportunity

Chicago hit a new milestone in 2014 with more than 50 million visitors last year, a 3.5% increase over 2013. The city had more than 48.5 million domestic visitors last year, topping New York by more than

four million. These annual visitors have a significant economic impact and generate:

The adjoining Westin Michigan Avenue Hotel has begun a large scale renovation of their premises. It will be one of the first hotels featuring the latest Westin Generation 4 room which incorporates more modernized

facilities leveraging natural elements and colorful accents.

MAG MILE– BY THE NUMBERS // Living, Thriving, Enjoying

TOTAL ANNUAL REVENUES GENERATED ON THE MAG

MILE // $1.8 Billion

FLAGSHIP AND BOUTIQUE STORES // 211

RESIDENTS* // 53,000

AVERAGE HOUSEHOLD INCOME* // $120,000

SQUARE FEET OF TOTAL OFFICE SPACE // 17 Million

NUMBER OF HOTELS (ROOMS) // 105 (37,057)

ANNUAL CHICAGO VISITORS // 50 Million

ANNUAL VISITORS TO THE MAG MILE // 22 Million

IN DIRECT SPENDING* // $13.7 Billion

IN TOTAL TAX REVENUE* // $900 Million

RELATED TO TOURISM // 133,000 Jobs

*Demo’s pulled from Gold Coast, Streeterville and River North.

Renovations Underway

The OpportunityMag Mile

GUEST ROOM AND LOBBY

RENOVATION // $25 Million

AVAILABLE // Q2 2016 LUXURY TENANCY NEW RENTABLE

CONFIGURATION // 1,473 SF (A)

2,187 SF (B)

2,156 SF (C)

FULLY RENOVATED ROOMS BY

MARCH 2016 // 752

RESTUARANT TENANCY NEW

RENTABLE CONFIGURATION // 6,564 SF

54

Page 4: The Magnificent Mile - LoopNet...Experience the Magnificent Mile in all of its grandeur at 909 North Michigan Avenue - Where Timeless Elegance meets Modern Luxury. A World-Class Opportunity

919 NORTH MICHIGANLouis VuittonAlice & OliviaSt. John’sElizabeth Arden Red Door

ChanelVan CleefGeorg Jensen

Marshall Pierce(coming soon)

900 NORTH MICHIGANBloomingdale’s

GucciMont Blanc

Max MaraJ. Crew

Michael KorsL.K. Bennett JOHN HANCOCK CENTER

The North FaceBest BuyL’AppetitoAvedaThe Cheesecake FactoryThe Signature Room

Water Tower PlaceMacy’sAmerican Gril PlaceRitz-Carlton Hotel

VerizonH&M

UniqloColumbia

Top Shop / Top ManGhiradelli

800 NORTH MICHIGAN

Polo & RL RestaurantAnthropologie

Banana RepublicVictoria’s Secret

Ti�any & Co.

AppleCole-HaanNike TownGarmin

ExpressOmni Hotel

LOFTHarley DavidsonTommy Bahama

Salvatore FerragamoSwiss Fine TimingTumiErmenegildo ZengaBurberry

600 NORTH MICHIGAN Marshall’sAnn Taylor

Under ArmourAT&TLevi’s

Grand Lux Café

Shops at North BridgeNordstrom

MarriottSwarovskiCAMPER

Lao Sze ChuanMAC

Forever 21Kiehl’s

OverlandHugo Boss

True Religion

GAPTourbillonAllen EdmondsCitibankMen’s WarehousAtlas GalleriesBandara Restaurant

Hotel Inter-ContinentalMichael Jordan's Steakhouse

Bank of AmericaPurple Pig

Hershey

CHICAGO PLACESak’s Fifth Avenue

T-MobileZara

Disney StoreBrooks BrothersStuart Weitzman

TRIBUNE TOWERDylan’s CandyArgo TeaWGNHowells & HoodFidelity

CoachTimberlandALDOGuess

WalgreensNeiman Marcus

Crate & BarrelRolexCartie

Corner BakeryStarbucks

Charles SchwabJoel Oppenheimer

Peet’s Co�eeGhiradelli

Walgreens

BvlgariAnne FontaineOmegaThe Grill RestaurantWestin Hotel

909 NORTHMICHIGAN

Bottega Veneta

O A K S T

WA LT O N S T

D E L AWA R E P L

C H E S T N U T S T

P E A R S O N S T

C H I C A G O AV E

S U P E R I O R S T

H U R O N S T

E R I E S T

O N TA R I O S T

O H I O S T

G R A N D AV E

I L L I N O I S S T

H U B B A R D S T

MIC

HIG

AN

AV

E

Mag Mile M I C H I G A N AV E N U E

DE

LA

WA

RE

PL

AC

E

ELEVATOR

ELEVATOR

SERVICE

ELEVATOR

SERVICE

ELEVATOR

CO

OLER

CO

OLER

NO

TAC

CESSIBLE

CO

OLER

RAMP D

OW

N

RETAIL TENAN

T101

2,379 SF

RETAIL TENAN

T102

2,187 SF

RETAIL TENAN

T103

2,156 SF

KITCH

EN121

HALLW

AY112

MEN

139

WO

MEN

138

H.C

.W

OM

EN137

H.C

. M

EN136

OFFIC

E135

TOLIET

113

STOR.

120

PREP118

WALK-IN

CO

OLER

117

WALK-IN

FREEZER119

TOILET

147

STAIR146

STOR.

148

OFFIC

E140

WALK-IN

CO

OLER

125

STOR.

123

DISH

WASH

ING

122

STAIR124

VEST.129

VEST.128

RECEPTIO

N130

BELLMAN

131

STAIR134

OFFIC

E142

OFFIC

E143

OFFIC

E144

OFFIC

E141

STOR.

150

SERVICE

CO

RRIDO

R145

MAN

LIFTRO

OM

149

STAIR170

CO

RR.171

CO

RR.172

RAMP

DO

WN

173

E DELAW

ARE PL

LOBBY

133

6,490 SF

HO

TEL LOBBY

104

6'-0"

DIN

ING

DIN

ING

BAR

HO

STSTAN

D

SERVICE

DIN

ING

DRIN

K RAIL

STOR.

126

STOR.

127

RESTAURAN

T101

3,001 SF

A B C1,473 SF 2,187 SF 2,156 SF

LUXURY TENANCY NEW RENTABLE CONFIGURATION

RESTAURANT TENANCYNEW RENTABLE CONFIGURATION

(9,750) RESTAURANT6,564 SF

76

Page 5: The Magnificent Mile - LoopNet...Experience the Magnificent Mile in all of its grandeur at 909 North Michigan Avenue - Where Timeless Elegance meets Modern Luxury. A World-Class Opportunity

SH A N NA ATH AS Vice President, Brokerage Retail Brokerage Chicago/Midwest +1 312 228 3760 [email protected]

PETER CARUSO

Senior Vice President Retail Brokerage Lead Chicago/Midwest +1 312 228 2926 [email protected]