Water Tower Place is a multi-use, 74-story building located next door to Chicago's historic Water Tower. There are eight levels with more than 100 shops, numerous restaurants, boutiques and entertainment facilities. Included among the shops in the complex are Marshall Field's and Lord & Taylor stores. Water Tower place is generally credited with luring the retail business away from State Street, and establishing the Magnificent Mile as the new commercial powerhouse. The rest of the floors are occupied by luxury condominiums.