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Water Tower Place is the name given to an adjoining Shopping Mall and Skyscraper in Chicago . They are located on the Magnificent Mile , a stretch of North Michigan Avenue.

The tower is a 74-story 859 foot (262 m) concrete slab and is the eighth tallest building in Chicago and the twenty-sixth tallest in the United States . It contains an award winning Ritz-Carlton hotel, office space, and a retail base fronting North Michigan Avenue.

The mall takes up eight floors and has over 100 stores, including the department stores Lord & Taylor and Marshall Field's .

Recent concern over the building's crumbling façade, as well as a decline in quality stores, are troubling and are keeping away high-end retailers and buyers for the hotel.


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