Gigi K. & Grace M. Period 8
Magnificent Mile is located near North Michigan Avenue and extends northward from The Loop to Oak Street.
Some attractions this neighborhood has today are the John Hancock Building, Water Tower Place, Trump Tower, Chicago Cultural Center, Argosy University, Loyola University of Chicago, The Water Tower and Pumping Station. Some restaurants are Billy Goat Tavern, The Grill On the Alley, Grand Lux Cafe, and Foodlife.
In the 1940's, a surge of development occurred in The Magnificent Mile. This was after the Great Depression and the war years. Stores and restaurants began opening throughout the neighborhood.
The Water Tower was one of the only buildings to survive The Great Chicago Fire of 1871. "The Chicago Plan" was devised by local planners to transform Michigan Avenue from an Indian trading post into a major commercial boulevard.
In 1870, the John Hancock Center opened on Michigan Avenue, and at 100 stories, was the tallest building in the world.
As of 2013, the percentage of whites in this neighborhood is 72.11%, the percentage of blacks is 10.85%, Asian percentage is 10.11%, Hispanic is 4.94%, and other is 1.99%.
A fun fact is that there are over 460 stores located in Magnificent Mile.