CHICAGO–(BUSINESS WIRE)–CIM Group today announced that it has signed with Coach an approximately 3,000 square foot retail location at 444 N. Michigan Ave. in Chicago, Illinois.
Coach, a global fashion house founded in 1941 with 945 locations worldwide, will bring its renowned leather goods, ready-to-wear and accessories to the high-visibility location on North Michigan Ave.
CIM Group and Golub & Company have owned 444 N. Michigan Avenue since 2018 and have renovated and repositioned the 36-story, 517,000 square foot office tower and its high-profile retail space on the Magnificent Mile.
Directly across the street, CIM Group brings together an unrivaled collection of experiences and retailers in its 50,000 square foot The Shops at Tribune Tower. Retail anchors the ground floor of the iconic 36-story, 740,000-square-foot neo-Gothic Tribune tower and currently includes the newly opened Ice Cream Museum and Foxtrot Market, as well as upcoming stores Blue Bottle Coffee and Rowan. Coach at 444 N. Michigan Ave. is expected to open in 2023.
“CIM Group has reimagined this well-known section of the Magnificent Mile, creating a vibrant new collection of retail along with luxury residences at Tribune Tower and a modernized, more attractive office opportunity at 444 N. Michigan Avenue. Coach adds to the variety of retail options which enhances the mix of uses here and the energy of the region,” said Shaul Kuba, co-founder and director of CIM Group.
444 N. Michigan Ave. and The Shops at Tribune Tower benefit from proximity to the new Pioneer Court developed by CIM Group., a lavishly landscaped and artfully designed park between Tribune Tower and the neighboring Apple flagship store that provides a scenic public gathering space for both visitors and the locals, the residents. CIM Group controls approximately 60,000 square feet of flexible retail space on Michigan Avenue and its leasing team is committed to bringing a collection of eclectic retailers to this area, further expanding retail options and the Pedestrian engagement in this increasingly popular section of the Magnificent Mile.
Besides 444 N. Michigan Ave. and the Tribune Tower, CIM’s Chicago property portfolio includes 425 S. Financial Place. a 40-story, approximately one million square foot office complex in the Central Loop; Block 37, the five-level, 275,000-square-foot mall in Chicago’s Loop; mixed-use properties at 1241, 1647, and 1912 N. Milwaukee Ave. ; Paragon, an apartment development at 1326 S. State St.; Chestnut Place, a 30-story apartment and retail development at 850 N. State St.; and the 1550 On the Park residential condominium development.
About CIM Group
CIM is a community-driven real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by completing more than $60 billion in critical real estate and infrastructure projects. CIM’s diverse team of experts apply their extensive knowledge and disciplined approach to the hands-on management of real estate assets, from due diligence to operations to disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and improving every community in which it invests. For more information, visit www.cimgroup.com.
About Golub & Company
Founded in 1960, Golub & Company (“Golub”) is a vertically integrated private real estate development and investment company with a rich history of managing investments in the United States and Europe. Golub and its affiliates have owned, leased, or managed more than 50 million square feet of commercial, mixed-use, and multi-family real estate properties, including 45,000 residential units, valued at more than $10 billion, located in the United States. United and around the world. Golub prides itself on excellence in design and construction, attention to detail and respect for people and communities.
About the trainer
Coach is a global fashion house founded in New York in 1941. Inspired by the vision of creative director Stuart Vevers and the inclusive and courageous spirit of his hometown, the brand creates beautiful things, designed to last, so that you are yourself. Coach is a Tapestry, Inc. Tapestry brand listed on the New York Stock Exchange under the symbol TPR.