Jun
30

Wrigleyville Development Scores Approval from Chicago City Council

June 30, 2010

Guess it’s a go: The Chicago City Council has approved a proposal that will plant a housing, shopping and hotel development across from Wrigley Field.

The $100 million development, called Addison Park on Clark, will be on the east side of Clark Street and will overlook Wrigley Field from the south side of Addison Street.

This is the proposed Addison Park on Clark development looking south from Clark and Addison Streets.

It will include an eight-story Hyatt Hotel with 137 rooms; an anchor pharmacy, home-improvement or grocery store; 135 apartment units; 145,200 square feet of retail space and close to 400 underground parking spaces.

The project has been met with controversy from concerned residents and business owners who believe this will be just another massive shopping mall that will take away the urban feel of Wrigleyville.

This should give you an idea of how the Addison Park on Clark development will look when finished.

Developer M&R Development, whose original plan in 2008 involved two way-too-tall towers, says it has reduced its proposal in height, number of apartment units and square footage from its original design to try to appease the displeased, and the full City Council approved the plan without discussion on Wednesday.

According to the developer, “Addison Park on Clark is a sustainable building project that will stimulate economic growth, support public transit use, widen pedestrian walkways and provide amenities for neighborhood residents.”

Green building practices will be used during construction, and Addison Park on Clark will file for LEED certification.

Once ground is broken on the project, construction should take between 18 and 24 months.

Wonder if any of the Cubs players will grab some of those apartments. I’ll keep you posted.

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