Chicago’s iconic Wrigley Building slated for major renovation

The Wrigley Building, a fixture in Chicago’s skyline for nearly a century, will get a significant makeover, according to its new owners. Zeller Realty, a minority owner, says that the building’s two interior towers, the public plaza that separates them, and the ground-floor retail space will be renovated over the next three to five years. The owners will also seek landmark status for the building, a designation that could bring tax breaks.
Sept. 28, 2011

 

The Wrigley Building, a fixture in Chicago’s skyline for nearly a century, will get a significant makeover, according to its new owners. Zeller Realty, a minority owner, says that the building’s two interior towers, the public plaza that separates them, and the ground-floor retail space will be renovated over the next three to five years. The owners will also seek landmark status for the building, a designation that could bring tax breaks.

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The skyscraper, known for its clock tower and white terra cotta facade, has been home to Wm. Wrigley Jr. Co. for nearly a century. Wrigley plans to complete a move from the structure in 2012. BDT Capital Partners, a Chicago-based investment firm, are the new owners, along with minority partners, Groupon co-founders Brad Keywell and Eric Lefkofsky, and Zeller. BD+C

 

 

About the Author

Drew Ballensky

Drew Ballensky is general manager of Duro-Last Roofing, Inc.’s central U.S. facility in Iowa and company spokesman for Duro-Last’s cool roofing, sustainability and architectural education programs. He is past-president of the Chemical Fabrics and Film Association and chairman of CFFA’s Vinyl Roofing Division. Drew earned his bachelor’s degree in industrial technology from the University of Northern Iowa and master’s degree in business administration from Florida State University. Drew has over 29 years experience in business and industry in various engineering and managerial capacities. He has worked in the U.S. and Canadian operations for a major international manufacturer of pre-engineered steel buildings, was a financial analyst with a major athletic apparel manufacturer and was an owner of a general contracting company.
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