Apple plans to spend $62 million on a retail outlet currently under construction in Chicago's North Michigan Avenue shopping district, according to a construction permit issued by the city's planning department on Friday.
At $63 million, the forthcoming retail shrine is shaping up to be one of Apple's most expensive U.S. undertakings to date. By comparison, construction of the Union Square flagship in San Francisco, which required the demolition of a pre-existing building, was at one point estimated to cost some $23.6 million.
When completed, the Chicago Apple store will become a 20,000-square-foot anchor of the city's North Michigan Avenue shopping district. Architectural renderings unveiled in November call for a free-standing, glass-walled entry pavilion located at street-level with two grand staircases and an elevator leading down to a similarly glass-clad sales floor located just off the riverwalk.
While not confirmed, the Chicago store was supposedly designed by award winning architect Norman Foster of Foster + Partners. Along with other international Apple store flagships, the architecture firm was hand picked by late Apple cofounder Steve Jobs to dream up the company's iconic Campus 2 headquarters in Cupertino.
(link below)
Wednesday, November 2, 2016
NEWS: CHICAGO RECEIVING $62 MILLION APPLE STORE
Apple plans to spend $62 million on a retail outlet currently under construction in Chicago's North Michigan Avenue shopping district, according to a construction permit issued by the city's planning department on Friday.
At $63 million, the forthcoming retail shrine is shaping up to be one of Apple's most expensive U.S. undertakings to date. By comparison, construction of the Union Square flagship in San Francisco, which required the demolition of a pre-existing building, was at one point estimated to cost some $23.6 million.
When completed, the Chicago Apple store will become a 20,000-square-foot anchor of the city's North Michigan Avenue shopping district. Architectural renderings unveiled in November call for a free-standing, glass-walled entry pavilion located at street-level with two grand staircases and an elevator leading down to a similarly glass-clad sales floor located just off the riverwalk.
While not confirmed, the Chicago store was supposedly designed by award winning architect Norman Foster of Foster + Partners. Along with other international Apple store flagships, the architecture firm was hand picked by late Apple cofounder Steve Jobs to dream up the company's iconic Campus 2 headquarters in Cupertino.
(link below)
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