MPI Represents Swiss FineTiming in Multi-Million Dollar Lease
Millennium Properties R/E brokered the lease of a 2,387 square foot retail storefront for Swiss FineTiming in Chicago’s affluent Gold Coast neighborhood. A premier watch jeweler and retailer, Swiss FineTiming is relocating to a multi-million dollar retail storefront at 70 E. Walton St., part of the Walton Residence, a 12-story luxury building known for its prime location.
The spacious, exclusive and upscale storefront appealed to Swiss FineTiming due to its potential to create two distinct open showrooms as well as a flagship lounge area. One entire section will be specifically devoted to Audemars Piguet – one of Switzerland’s most prestigious high luxury watch brands.
Walton Street, a premier shopping district, makes for an ideal location for this upscale European jeweler because of its proximity to Water Tower Place, Michigan Ave., and, of course, the Magnificent Mile. Also, this rarely available space at 70 E. Walton will ensure the proper clientele for Swiss FineTiming, not only with a tremendous presence of affluent guests staying at the Four Seasons Hotel, Waldorf Astoria, and Park Hyatt, but also because the average household income within a two mile radius is over $122,000. In one of the most desirable shopping districts in the world, nearly 16,000 people walk past this location each day, making for an extraordinarily high pedestrian count.
“We are pleased to announce Swiss FineTiming is expanding and relocating from their Michigan Ave. location to this more fitting, and significantly larger location, which will allow them to offer substantially more of their finest watches. We are excited to see how this relocation to Walton St. will benefit such a luxurious and sophisticated company” said Daniel J. Hyman, president of Millennium Properties.
Swiss FineTiming will be keeping their second location which is in Highland Park. Millennium Properties would like to thank Sharon Kahan with CBRE; Jason LaBella of Bronson& Kahn, LLC; and Kristin L. Dunlap with Horwood Marcus & Berk Chartered for assisting in finalizing and closing this lease.
About Ro Crawford
Ro has extensive background in several sectors of the Real Estate industry including residential and commercial assets. Ro is responsible for developing a comprehensive marketing plan for each property as well as managing the company’s social media accounts. She designs, writes and edits offering memorandums, press releases, proposals for new business, eblasts and more. For questions, comments, or suggestions related to our blog, you can contact us via our website.