The new store being built by Apple along the Chicago River is shaping up to be one of the company’s most expensive new locations of 2017.
Apple’s store on the iconic “Magnificent Mile” is being mostly built underground at 401 N. Michigan Ave., but Apple wants the plaza-level entrance to be absolutely fabulous, so it’s going to cost more than $60 million.
[contextly_auto_sidebar] “A construction permit issued by the city Friday put the price of the project at $62 million, not including the $375 permit fee deposit or the total permit fee of $11,059.97,” reports the Chicago Tribune.
Apple unveiled its plans for the Chicago store last November. It will replace the 13-year-old store Apple currently has at 679 N. Michigan Ave. The location of the new store was previously used as a food court.
Once completed, the store will have 20,000-square-feet of retail space, mostly below ground level. The entrance to the store will be largely transparent and feature a unique roof that provides shade for shoppers walking down Michigan Avenue.
An official opening date for the store hasn’t been announced. Construction crews still dominate the site where Apple has promised “something even more remarkable” than its previous store.