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A Magnificent Mile landmark, the Water Tower Place is an urban complex with shopping, retail, and residential spaces near downtown. It encompasses the Ritz-Carlton Hotel, the Broadway Playhouse Theater, condos in a 74-story skyscraper, and an 8-level shopping mall. The 750,000 square feet Water Tower Place mall houses more than a hundred stores, restaurants, and other businesses, which draw maximum visitors to the complex located between Chestnut and Pearson streets, east of Michigan Avenue. On-site parking is available at the multi-level Water Tower Place Garage for premium rates. You’ll also find several other parking options nearby, within walking distance of the complex. However, street parking in the neighborhood is limited, with very few free parking spots. To avoid high parking rates at the on-site Water Tower Place parking facility, pre-book a garage space online. There are plenty of affordable parking lots in the vicinity that offer exclusive discounts on online reservations. Download the way.com app now to find cheap parking near Water Tower Place Chicago.
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The Water Tower Place garage has plenty of parking space on four levels within the complex, and you can reach this parking facility via Chestnut Street. This on-site garage provides direct 24-hour indoor access to the Water Tower Place mall. Street parking outside the Water Tower Place is mostly restricted to two hours. There are only a limited number of metered parking spots in the neighborhood, which usually see high demand. However, there’s plenty of garage space and parking lots around the complex – you can get a guaranteed spot on arrival by booking it in advance using a parking app or website.
Water Tower Place garage rates can be quite expensive; hourly rates start at $25 for up to 1 hour. The daily maximum is $53 for 10 – 24 hours, and for 3 – 10 hours, you’ll have to pay $40. If you enter between 5 am - 9 am on weekdays and exit by 7 pm, you can pay the Early Bird Special flat rate of $19. With validation from the parking garage office on level B, you can pay $13 for up to 5 hours – this rate is available only after 5 pm and requires a minimum purchase of $10 at the mall. Hourly rates at other parking lots and garages in the neighborhood start at $5 or less, with daily maximum rates ranging between $15 - $25. Two-hour maximum metered street parking generally costs $4 an hour.
Free parking in the Magnificent Mile neighborhood is almost impossible. You might still find a couple of on-street spots at 126 East Chestnut Street - you can park here for 15 minutes max between 7 am and 7 pm, on Mondays, Thursdays, and Fridays. Depending on the day and time of your visit, you might find more free parking near Water Tower Place – check parking signs to avoid a ticket.
Find the lowest rates at premium parking lots near Water Tower Place online on Chicago parking app and websites. You can check out top-rated garages around the complex and compare rates and amenities offered at each parking facility to book a spot instantly. Making an online reservation will give you access to exclusive discounts and special rates at the best Water Tower Place parking lots.
Water Tower Place parking garage has free EV charging stations on levels 1B and 2B.
Parking validation from American Girl might not be accepted at the on-site garage.
Residential Parking Permit requirements could restrict street parking in Chicago. Keep an eye out for signboards on poles and trees along a street to make sure you can park there without getting ticketed.