Developer starts work on $140+ million project adjacent to Wrigley Field

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M&R Development has obtained a $2,495,496 building permit to begin work on the caissons for a proposed eight-story, 148 unit building at 1025 W. Addison St., across from Wrigley Field.

This is the beginning of what was reported in late 2015 as a $140 million mixed use-complex. According to bisnow.com, the Chicago Plan Commission approved plans for the building with 170,000 sq. ft. of retail, a health club, 493 parking spaces and a rooftop pool as well as the apartment units.

The address most recently housed a Starbucks and what appeared to be an empty storefront.

1025 W. Addison
The site as it was last photographed by Google Street View.

Bisnow.com, quoting DNAInfo, reported that the development was originally approved more than six years ago and “included a hotel component, but M&R went back to the drawing board when the Cubs’ owners, the Ricketts family, announced their own plans for a hotel near the Friendly Confines.”

The general contractor is Power Construction Company.

 

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