Water Tower Place is a 74-story tower and vertical shopping mall at 835 North Michigan Avenue on Chicago’s Magnificent Mile, open since 1975 as the city’s first enclosed downtown mall.
Ask a Chicagoan about it, and you’ll hear the old story: glass elevators going up the atrium, waterfalls on the walls, Marshall Field’s taking up eight floors.
Some of that is memory now, and the rest is slated to go. Lord & Taylor was gone by 2007, Macy’s in 2021, and in 2022 Brookfield gave the mall to its lender with an estimated $300 million in debt hanging over the property…