Serving the Loop and Near North neighborhoods of downtown Chicago
Reilly ordinance would rebuild Wrigley plaza

September 12, 2012 – 42nd Ward Alderman Brendan Reilly has introduced an ordinance that would help the Wrigley Building reconstruct at its own expense its much-travelled plaza next to Michigan Avenue. An ordinance is necessary because the Wrigley plaza is owned by the city and the work would be done by the Chicago Department of Transportation.

At a cost to Wrigley Building owners of $2 million, old concrete would be replaced and other repairs made to the plaza. Granite paving stones with embedded lights would cover the concrete. Another $900,000 would be spent on cosmetic improvements, according to Reilly’s office.

Once renovations were completed, owners BDT Capital Partners and Zeller Realty Group would then pay for ongoing maintenance for 50 years.

Wrigley Building (Left) Aerial view of Wrigley Building with plaza and Michigan Avenue in lower frame.

A shortcut for thousands of residents, commuters, and visitors each day, the plaza, says Mayor Rahm Emanuel, is “at the end of its useful life and in need of major rehabilitation.”

Reilly, meanwhile, called the Wrigley Building “historically significant” and “one of the most recognized buildings in our skyline.”

“As the owners are investing in restoring and upgrading this beautiful building,” he told constituents on Wednesday, “it was only fitting that the public plaza be restored and refreshed as well.”

The plaza extends west between the two towers – the building with the clock tower and the northern annex – connecting Michigan Avenue with Wabash Avenue. Renovation work is currently being done in this area but to the exterior of the Wrigley Building. Since April, a construction fence has blocked access to the plaza between the buildings.

Mortgage rates hit 7.28%, tightening squeeze on North Side buyers
Mortgage rates hit 7.28%, tightening squeeze on North Side buyers
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer
Former Royal Sonesta quietly rebrands as Hotel 505 following sale to Canadian developer
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers
Goodbye, 5% mortgages: Rate creep and inventory slump pinch Chicago buyers
Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK
Crossing the river: A Chicago fan’s game-day guide to the Chiefs’ new home in KCK
Cook County homeowners bear brunt of $744M tax hike as commercial values lag
Cook County homeowners bear brunt of $744M tax hike as commercial values lag
Why Cook County’s senior property tax freeze should be automatic—and permanent
Why Cook County’s senior property tax freeze should be automatic—and permanent
Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn
Mayor’s ‘PRO’ renter ordinance could backfire with higher rents, landlords warn
Data center redevelopment at 300 West Adams approved
Data center redevelopment at 300 West Adams approved
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap
At CTA stop, Bailey pledges SAFE-T Act repeal and property tax cap
Court backs City Hall in Streeterville pot shop ruling
Court backs City Hall in Streeterville pot shop ruling
ChicagoFilming.com Chicago MLS Pro Aqua Condo Homes Marina City Condo Homes West Town Condos Chicago MLS Pro