Will Trump Towers Riverfront Retail Space Ever Get A Tenant?
The Trump Organization aims to fill the 70,000-square-foot retail space at Trump International Hotel and Tower, vacant since 2009. Newmark real estate brokers, hired in May, report significant initial interest, although challenges persist, including political stigma and limited access. Schutter highlighted the location's visibility as a potential draw, despite mixed opinions among brokers. Proposed plans include two restaurants and entertainment options like a golf simulator. The space’s accessibility issues and ongoing protests outside the tower may hinder tenant attraction.
Despite a rise in local support for Trump, some brokers remain doubtful about reversing the long-standing vacancy. A cafe could potentially open by summer 2026, with marketing materials emphasizing luxury and legacy. The leasing price is negotiable, reflecting the competitive nature of Chicago's retail market post-pandemic.