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Chicago & Midwest  + Downtown  + Retail  | 

H&M Taking Over Long-Vacant Apple Store Space on Mag Mile

The former Apple store at 679 N. Michigan Ave. has finally landed a tenant after sitting vacant for five years: Swedish apparel retailer H&M, which is moving there from its current home four blocks north, reported Crain’s Chicago Business.

It’s one of the biggest retail leases signed on the Magnificent Mile in the past few years, a deal that Crain’s said is both negative and positive for the beleaguered shopping strip. 

Quantitatively, it’s negative because H&M is cutting its space roughly in half through the move. The chain currently occupies about 60,000 square feet at 840 N. Michigan Ave., across from Water Tower Place. It will shrink down to about 30,000 square feet in the Apple building. 

The good news is that H&M is staying on the Mag Mile, unlike many other retailers, including Gap, Uniqlo and Banana Republic, which have left the boulevard. JLL’s Matt Ramsey represented H&M. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).