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Water Tower Place could be a giant urban, mixed-use development comprising a 758,000 area unit (70,400 m2) mall and seventy four story edifice in Chicago, Illinois, u. S.. The complicated is found at 835 North Michigan Avenue, on the glorious Mile. It’s named when the near Chicago reservoir. It’s owned by General Growth Properties.
Originally planned within the late Nineteen Sixties by the Mafco Company (the former shopping precinct development division of Marshall Field & Co.), the edifice was eventually inbuilt 1975 by Urban Retail Properties, an organization crystal rectifier by Duke of Edinburgh Morris Klutznick and his son Thomas J. Klutznick. The project received a J.C. Nichols Prize from the Urban Land Institute in 1986.
The tower section could be a 74-story 859-foot (262 m) ferroconcrete block, baby-faced with grey marble, and is that the eighth tallest building in Chicago and therefore the 26th tallest within the u. S.. When built, it had been the tallest ferroconcrete building within the World. It contains associate victory Ritz-Carlton edifice, luxury condominiums, associated workplace house and sits atop a block-long base containing an atrium-style retail mall that fronts on the glorious Mile.
Water Tower Place’s gap modified the economic dynamics of the glorious Mile by transportation bourgeois retailers to what had been a street dominated by luxury retailers, tony hotels, and costly residences. It shifted downtown Chicago’s retail center of gravity north from State Street to North Michigan Avenue. Decades when its construction, its residences and edifice stay asked for addresses, and therefore the mall is often absolutely chartered , drawing giant enough crowds that some retailers operate shops each within the mall and out of doors it on Michigan Avenue.
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