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HomeGoods is joining the growing array of discount chains on the Magnificent Mile.
The off-price home furnishings chain, long expected to set up shop on the boulevard, signed a lease to opened a 25,503-square-foot store on the third level of 600 N. Michigan Ave., according to Oakbrook Terrace-based Mid-America Real Estate Group. The store is slated to open late this summer. Get the full story »
Topshop, the hipster clothing chain, is coming to the Mag Mile.The British retailer plans to open a store on North Michigan Avenue next spring, marking its second outpost in the U.S., according to a Monday report in Women’s Wear Daily. Get the full story »
Chick-fil-A is bringing its fried chicken sandwiches and waffle fries to downtown Chicago next spring.
Although the lease has yet to be signed, John E. Featherston Jr., Chick-fil-A’s senior director of real estate, said that a Chick-fil-A restaurant will open near Water Tower Place.
“I’ve been to a lot of intersections downtown, and this is the first one where I want to plant the flag,” Featherston said. “Hopefully this will lead to others.” Get the full story »
Ice skating in Chicago in January is nothing new. Doing it on the 94th floor of the John Hancock Center is a little different. Officials at the 100-story Chicago skyscraper say they’re putting in a 1,000-square foot ice-skating rink in the tower. It’ll be open to the public from January through March. Get the full story »
Shoppers on North Michigan Avenue, June 22, 2010. (Abel Uribe/Chicago Tribune)
The Magnificent Mile is emerging from the recession like most of America: Less bling and more bargains.
North Michigan Avenue is on the mend, thanks to the arrival of off-price stores and discount chains that are moving into large swaths of space, some of it empty for years.
The pending arrival of off-price stores Nordstrom Rack and TJX’s HomeGoods, combined with the 2009 openings of fast-fashion clothing store Zara and electronics giant Best Buy, helped lift the boulevard to its best performance since 2003, according to an annual retail vacancy survey from real estate firm CB Richard Ellis Inc. provided exclusively to the Tribune.
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