Prime Mag Mile location for foot traffic and visibility
Retail Flagship Store
In partnership with Mid-America Real Estate Corporation, GNP sourced and supported owner negotiations with beauty cosmetic retailer Ulta Beauty to take up an available 11,500 sq. ft. of Michigan Avenue retail space for its flagship store. The space, located in the Realtor® building on North Michigan Ave. in Chicago, is managed by GNP Realty Partners. Notably, the 10-year tenant partnership extends Michigan Ave.’s retail corridor to the Chicago River and the southern tip of the renowned “Magnificent Mile” shopping hub along with Apple and other retailers.
Our construction team designed, managed and executed a $2 million improvement to the high-profile location, including a new curtain wall system, exterior stainless steel cladding, signage and lighting. Additionally, we managed the installation of all-new MEP and fire protection systems and an elevator modernization project to accommodate the tenant’s needs. For the interior, we worked with Ulta Beauty’s in-house construction team to support the company’s interior build-out.