174 N Michigan is an existing four-story mixed-use building that was partially occupied by three retail tenants at the time of acquisition. L3 has plans to redevelop the site into a new, 3-story retail building.
High-traffic location across from Millennium Park (25M annual visitors)
Six 4-star hotels within 3 blocks: Arlo Chicago, Pendry Hotel, Virgin, Kimpton, Londonhouse, & Chicago Athletic Association
Neighboring tenants include Sweetgreen, Smashburger, Forward, Nutella Cafe, Garrett Popcorn Shops, Stan's Donuts & Coffee,
Daytime population of +200,000 within a 10-min. walk
+32,000 daily pedestrians pass by 174 N Michigan Ave each day