“What are you thinking, Brookfield?” County treasurer opposes Target on Mag Mile

Maria Pappas outraged that retailer may ink lease at Water Tower Place

Water Tower Place at 835 N Michigan Avenue and Cook County Treasurer Maria Pappas (Google Maps, Cook County)
Water Tower Place at 835 N Michigan Avenue and Cook County Treasurer Maria Pappas (Google Maps, Cook County)

Target isn’t magnificent enough for the Magnificent Mile.

That’s according to Cook County Treasurer Maria Pappas, who expressed outrage that the retailer might sign a lease at Brookfield Property Partners’  Water Tower Place.

“Disgusting,” Pappas said of Target potentially occupying part of the 170,000 square feet that Macy’s is exiting, the Chicago Tribune reported, citing an interview she did on WGN Radio.

“I’m like, what are you thinking, Brookfield?” Pappas said during the interview. She said Target shouldn’t be mixed with luxury brands Gucci and Louis Vitton, which both have shops on the high street location. “I’m trying to figure out what is magnificent on the Magnificent Mile about Target,” Pappas said.

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Pappas then trained her sights on Brookfield, which recorded about $2 billion in losses in 2020, with its retail and office holdings getting slammed by the pandemic. She called the company “so desperate they would take anybody who would give them a dollar to get into the building.”

Brookfield responded that it wasn’t ready to announce a new tenant, and Target said it was evaluating locations, the Tribune reported.

For all its magnificence, Macy’s said in early January that it would shutter its flagship store at Water Tower Place, a decision that had been months in the making. At the time, the retailer said it would hold clearance sales for up to 12 weeks before closing permanently. The same week, the Gap said it would permanently close its 3,700-square-foot store at Water Tower Place.

Target, meanwhile, is coming off a banner year and opening stores by the dozens across the country.

[Tribune, WGN] — Alexi Friedman