CHICAGO (WLS) -- Less shopping and more business. That could be the future for the upper floors of Chicago's iconic Water Tower Place. ABC7 Chicago is now streaming 24/7. Click here to watch ...

But like retail most places, the mall took a hit following the COVID-19 pandemic, losing its food court and retail giant Macy's. Water Tower Place was bought by MetLife Investment Management in 2022.

Scott Stantis editorial cartoon for Wed, July 2, 2025, on Water Tower Place (Scott Stantis/For the Chicago Tribune). Lots of suburban malls have, or had, three floors.

Water Tower Place owner pitches mall consolidation, lists upper floors for sale Owner MetLife started to explore consolidating the mall’s retail space last year and is now looking to sell, or ...

Water Tower’s problems hardly are confined to this mall alone, of course, but are symptomatic of the broad, internet-induced malaise that has afflicted brick-and-mortar retail.