We look forward to discussing the future of this iconic shopping destination with our clients and other key stakeholders. Water Tower Place is a Chicago landmark on the Magnificent Mile and renowned for its vast selection of stores, restaurants and entertainment options. After many discussions to carefully assess and identify all available options to move forward, we. In a statement Wednesday, Brookfield Properties spokesperson Lindsay Kahn said Water Tower Place will no longer be part of Brookfield’s portfolio. “While we cannot comment on specifics of this transaction, MetLife Investment Management has a proven track record in institutional real estate and a dedicated team in the Chicago area. The owner of Water Tower Place, long a desirable retail destination on Chicago's Magnificent Mile, is walking away from the troubled mall. “Water Tower Place is a high-quality real estate asset that is well-positioned in the Chicago market,” said MetLife Investment Management spokesperson Dave Franecki in a statement. Ownership will be transferred to lender MetLife Investment Management, a unit of MetLife Inc. “After many discussions to carefully assess and identify all available options to move forward, we’ve determined that it is best to focus Brookfield’s resources on other opportunities within our portfolio,” Kahn said. In a statement Wednesday, Brookfield Properties spokesperson Lindsay Kahn said Water Tower Place “will no longer be part of Brookfield’s portfolio.” Two bedroom condos have 1,737 to 3,400 square feet of space. Check availability on hotels close to Water Tower Place The Whitehall Hotel Hilton Chicago/Magnificent Mile Suites The Chicago Hotel Collection - Magnificent. A Thomas Report is required for purchase approval. This is one of the few condominium associations in Chicago that reserves the right to approve purchases. The owner of Water Tower Place, long a desirable retail destination on Chicago's Magnificent Mile, is walking away from the troubled mall. Water Tower Place apartments have a condo form of ownership.
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