Addison Park On Clark Batting For Approval From Wrigley Fans

Let us hear your
comments!

May 20, 2008 - M&R Development, the company lobbying for a fairly large mixed-use project near Wrigley Field, is working overtime trying to win public approval before presenting their proposal to the City Council and Plan Commission. When the planned development was first announced a few months ago there was immediate opposition from local residents and loyal baseball fans. To win public approval and keep information flowing, M&R has even put up a website for their proposed Addison Park on Clark.

According to the website, the tower height was knocked down from 245 feet to 105 feet to keep from dramatically overpowering the ballpark and neighborhood buildings. The new height keeps the structure below the level of the lights at Wrigley. The main anchor of this Chicago real estate project, A Hayatt Place Hotel with 135 rooms, is still on tap. But the residential portion of the project has been greatly reduced from 220 to 150 apartments. Some 500 parking spaces can be used by local retail shoppers and not just the building residents and guests. Also, Addison Park on Clark will file for LEED certification and take the green route in construction with eco-friendly materials and details.

There are several business already located on the proposed site and M&R is offering to let them relocate back there after the construction is finished. They are also planning on adding more retail, including a grocery store and possibly a fitness center, depending on public input.

M&R has a long process ahead of themselves to win approval from local residents and the alderman before they can move forward with this project. If that happens, Addison Park on Clark could add a significant number of Chicago Apartments to Lakeview. Developers are still shying away from building more Chicago condos and are branching out in other areas of the real estate market.

Technorati Tags: Addison Park on Clark, Chicago Condos, Chicago Real Estate