why is it called the magnificent mile in chicago
Magnificent Mile Real estate developer Arthur Rubloff of Rubloff Company gave the district its nickname in the 1940s.[1] Currently Chicago's largest shopping district, various mid-range and high-end shops line this section of the street; approximately 3,100,000 square feet (290,000Â m2) are occupied by retail, restaurants, museums and hotels.[3] To date, rent on The Magnificent Mile is the eighth most expensive in the country, behind Fifth Avenue in New York and Rodeo Drive in Beverly Hills.[4]