Water Tower Place

Water Tower Place is an urban mixed-use development comprising a 758,000 sq ft (70,400 m) shopping mall, Ritz Carlton hotel, and luxury condominiums in a 74-story skyscraper in Chicago, Illinois. The mall is located on North Michigan Avenue, along the Magnificent Mile. It is named after the nearby historic Chicago Water Tower, which survived the Great Chicago Fire.

In April 2026, Water Tower Place announced new plans for a $170 million redevelopment project to renovate the exterior and ground levels of the tower along with reconfiguring upper floors for flexible commercial and medical real estate.