Wrigley Goes Green; Upscale
Zeller Realty Group’s Jan Goldsmith and Ari Glass expect to start an energy retrofit on the landmark Wrigley Building in a few weeks. The Chicago landmark is one of 14 buildings that have signed onto Mayor Rahm Emanuel’s Retrofit Chicago, a program on which up to $225M may be spent on public and private projects. Jan tells us that the city contacted Zeller seeking the participation of one of Chicago’s most iconic vintage buildings. Zeller and the owners, which purchased the building (which has 470k SF of rentable space) last September, are launching the sustainability plan as part of a major renovation.
|Jan says the renovation will transform Wrigley into a Class A office and retail property. They'll convert the first two floors into high-end retail, while the upper 14 will remain offices. The outdoor plaza will be refurbished with upgraded retail storefronts and restored terra cotta. For energy efficiency, they’ll install new windows, lighting and HVAC, and will recondition some existing equipment to a higher standard. While it’s good to be green, the overhaul will also attract tenants, Ari says. Green is what they’re looking for.|