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Stock impact report

Operator of John Hancock Center's observation deck buys iconic Signature Room space, promises ‘something spectacular' will take its place [Yahoo! Finance]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: Yahoo! Finance
360 Chicago hasn't decided how it will use the two floors, which are located directly above its 94th-floor observation deck. A representative said the space will no longer be used as a restaurant. Operating a restaurant “simply isn't our business model,” said 360 Chicago Managing Director Nichole Benolken. But the space will remain open to the public. “We're not going to put an exclusive private club up there,” Benolken said. “We're uniquely suited, given our investment into and presence in the building, to create something spectacular.” The abrupt closure of the Signature Room, one of the city's iconic tourist attractions, was a blow to the Magnificent Mile, where the retail vacancy rate has soared as a result of online shopping trends and the pandemic. A message posted last September to the restaurant's social media pages cited COVID-19 and subsequent “severe economic hardship.” The shopping district's vacancy rate hit about 30% last year, a historic high, said Magnificent Show less Read more
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