Quote:
Originally Posted by tjp
http://www.chicagobusiness.com/reale...51H5815023C7T#
Apple is looking for other locations on Michigan Avenue, including the current Top Shop space, apparently. I wonder if this means Top Shop is thinking of closing already or moving, or if GGP is just willing to get rid of them in order to secure Apple as a tenant?
|
Apple generally prefers total control over their buildouts, especially in big cities, and they aren't afraid to fight with city planning committees to build stores wherever and however they want. I can't see them moving into an existing mag mile building, most of which are pretty old, where all they can change is the interior.
They might be better off attaching themselves to a new building, like that new Sterling Bay project at 300 N Mich (which included an Apple-ish store in one render) or the 2 floors of retail at 200 N Mich.
Otherwise, if they want to stay in mag mile north they're probably looking for a building they can demolish and completely replace, and there aren't many that don't have stuff on top of them.