Saks closing Mag Mile men’s store, combining with flagship By: Micah Maidenberg Saks Inc. is closing its standalone men’s store on North Michigan Avenue, teeing up a $5 million renovation of its department store across the street. New York-based Saks is jettisoning the 36,000-square-foot men’s store at 717 N. Michigan Ave. after a roughly 15-year […]
2012 Overview – Chicago Loop Retail Analysis
Loop retail vacancy falls to 10-year low Micah Maidenberg, March 4, 2013 Retailers keep finding reasons to set up shop in the Loop, with vacancy falling to a 10-year low last year. The vacancy rate in the downtown retail market has reached its lowest level in a decade, down to 11.9 percent in 2012 from […]