What’s That Building? Water Tower Place The mall was once the cornerstone of one of the city’s preeminent shopping, dining and entertainment districts. Now, the owner is scaling back on retail ...

Owner MetLife started to explore consolidating the mall's retail space last year and is now looking to sell, or lease, the upper floors for office or medical use.

MetLife Investment Management could repurpose several floors of Water Tower Place, an iconic building for Gold Coast, Chicago shopping.