The Magnificnt Mile

This glitzy strip of stores and striking buildings runs for, you guessed it, about a mile (1.6 km), along North Michigan Avenue. A sharp developer came up with the “magnificent” moniker in 1947, and it has stuck ever since. Often known as the Mag Mile, it is home to big-guns department stores like Neiman Marcus, as well as high-end boutiques such as Tiffany & Co, and popular chain stores (Gap et al). The strip is at its best around Christmas when twinkling trimmings provide welcome relief from the often gray days.

Brand Spanking New Luxury Residences coming to The Mile. Be among the first to purchase one. Got a Million$ to spare? The Mag Mile is home to the only building in the central city that survived the Great Chicago Fire in 1871.

The Macerich Co. is buying a mall on Chicago's "Magnificent Mile" for $515 million, according to media reports on Wednesday.

The purchase of the Westfield North Bridge mall on Michigan Avenue represents Macerich's entry into the Chicago market. In addition to the Nordstrom-anchored mall, the deal will include several restaurants and a parking garage.

The reports are saying that Macerich is currently doing due diligence on the deal.

Westfield bought the mall for $315 million in 2003.

Macerich is a Santa Monica-based real estate investment trust focused on malls and shopping centers.

A rainy night on the Magnificent Mile .

Welcome to The Magnificent Mile

-- where a unique urban experience awaits you! Four inspiring outdoor festivals beckon you to return at least once a season! You'll also find world-class shopping, dining, lodging and leisure entertainment throughout the Magnificent Mile area. And there's something for everyone.

The Magnificent Mile Guide , the key to Chicago's treasures along the Mile.

Chicago 's Magnificent Mile is a shopping district of world-renown.  The Magnificient Mile extends from the border of the Chicago Loop to shopping on Oak Street in the Gold Coast.  Shoppers can enjoy magnificent department stores such as Nieman Marcus, Saks, Nordstoms, Bloomingdales and Macys.  Hundreds of  boutiques can be found whic comprise a diverse mix of American and international style. With over 460 retail stores, there is something to offer every style.

There’s more to Michigan Avenue than the great shopping stretch called the Mag Mile. South of the river the avenue borders Millennium Park, The Art Institute, Grant Park, State Street Shopping and many other Chicago landmarks.

The Magnificent Mile.