Those familiar with the old Wrigleyville on the North Side of Chicago may feel quite surprised when visiting the area for a Cubs game! Construction has already began on numerous projects in the area, and many changes have already occurred within Wrigley Field, the historic baseball park where the Chicago Cubs play. Harty Realty Group is here to fill you in on the latest updates to this progress.
Last spring, the McDonald’s that resided directly across the street from Wrigley Field was razed for the 175-room Hotel Zachary project. This project has gone through many transformations alone, and is now slated to be seven stories high, with a contemporary architectural style. This project is being developed by Hickory Street Capital, which is owned by the Ricketts family, as is Wrigley Field and the Cubs. This development is expected to open in early 2018.
The latest development is that like the McDonald’s, the nearby Taco Bell on Addison Street was purchased by West Addison Development last month for $8.9 million. While not definite, there are plans for a new three-story retail and restaurant development to take its place. It would feature 40,000 square feet of rentable space and a 7,300-square-foot rooftop deck.
This brokerage is also looking into space for a separate development on Addison, currently home to Luis Auto Shop and Box Office Tickets. This space is rumored to transform into a bar with an elevated patio space.
The Addison & Clark mixed-use development is expected to bring 148 apartments, 405 parking spaces and a multi-screen cinema to the area. This project is from M&R Development and Bucksbaum Retail Properties, and is expected to be completed in mid-2018.
Then there is Wrigley Field’s 40,000-square-foot plaza plan. The open green space is expected to feature programming and alcohol sales during Cubs games, and will host numerous live music events, a farmers markets and possibly a winter ice skating rink when there aren’t games. The building will be home to Cubs administrative offices, conference meeting spaces and retail space on the ground level.
We can’t discuss the changes taking place around Wrigley Field without talking about the transformations happening within the ballpark, such as digital signage, expanded bleachers, a fancy players’ clubhouse and the purchase of all rooftop buildings by the Ricketts family. A two-story annex will be built where the Captain Morgan Club is currently located and will include a restaurant/bar, a merchandise store and a ticket office.
Most of these projects are still in the planning and building stages, but once they are complete, Wrigleyville will look quite different! Harty Realty Group will keep you updated on the latest developments of this massive Chicago project.