Old Wrigley chewing gum plant in Bridgeport could be high-tech center_Chicago Gazette

January 7, 2011

By Sheila Elliott

Bridgeport’s old Wm. Wrigley Jr. Co. chewing gum plant, dark and vacant since its closing, soon may be illuminated by light-emitting diodes and microchip-generated beams.

A local real estate executive announced plans recently to market the former factory at 35th Street and Ashland Avenue as a prime site for mixed-use development, with potential as a high-tech center.

“Our intent is to get some integrated use on the site,” said Mike Nardini, a vice president with CB Richard Ellis (CBRE), a real estate firm. By concentrating on the technology potential, with high tech, medical, and industrial businesses as likely clients, the property “could meet its fullest potential,” according to Nardini.

Officials with the City of Chicago’s Office of Community Development drew encouragement from CBRE’s marketing effort. With the property in private ownership, the City does not have a formal plan for the site, explained Susan Massel, a department spokesperson, but “if there’s a tech component, fine,” she said.

The Wrigley property, which carries a $19 million price tag, sits at the southeast corner of the intersection of 35th Street and Ashland Avenue, about a half mile south of the Stevenson Expressway. It has a long and storied history, playing a part in manufacturing one of Chicago ’s most successful products: Wrigley’s chewing gum. Doublemint and Juicy Fruit are probably its best known products.

A visit today leaves few mementos of those glory days, however. The parking lot is empty, and the factory has darkened spaces where windows used to be illuminated by industrial lights. A few decorative sconces still cling to the brick exterior along Ashland Avenue, one of the few signs left of the property’s former life.

The old Wrigley factory is just one of many buildings in an industrial park that extends east about three blocks to Iron Street and south to 37th Street. The neighboring plants, most of which are about the same age, date to the early 20th century and experience varying degrees of activity.

Nardini sees distinct advantages to the property, especially its location. “‘Tech hubs’ need power and fiber sources,” he said, and the property is not far from an important source, the Lakeside Tech Center near McCormick Place. Other sources, including the Orange Line power easements, also are nearby, he said.

The site offers other positives as well. “Everyone wants buildings that are strong,” and the Wrigley property meets that expectation, Nardini said. He added that the area is diverse, the property is “reasonably priced,” and mixed-use development is being encouraged. “It’s got a lot going for it,” he said.

The idea of developing older buildings that previously served as business or industrial centers for high-tech development is not foreign to Chicago, Nardini said, noting the former Montgomery Ward’s building on Chicago Avenue as one example.

The old Wrigley factory currently carries a planned-unit developing designation; no one has suggested formally expanding that zoning to include residential development. Without housing, it is unlikely that Friends of the Park, the organization that works to expand and protect the city’s parks, would become involved and advocate a park at the site, said its president, Erma Tranter.


Gazzette Website

Move Over Ramova, Time for a New Face-The Chicagoist

The night was August 21, 1929 and the film was a little picture starring the great John Boles, Louise Fazenda, and the lovely Myrna Loy entitled The Desert Song. As the film began and the lights drew to a close at Bridgeport's newly constructed cinematic gem, the Ramova Theater, the flickering light reflected off the glorious starry, night sky-inspired murals, punctuating every undulating nuance of the theater's grand and illustrious ceiling. This is the way the nights went for decades to come. At The Ramova's peak in 1940 the theater premiered screen legend Charlie Chaplin's The Great Dictator to the film's stars as well as hundreds of film fanatics across the Chicago area..

Read the rest via the link: http://chicagoist.com/2011/01/06/move_over_ramova.php

Costco new store tax break clears City Hall hurdle- Crain's Chicago Business

Costco new store tax break clears City Hall hurdle
By: Lorene Yue January 05, 2011


(Crain's) — Costco Wholesale Corp. is a step closer to landing a $1-million property tax break after getting the green light from a City Council committee.

The Committee on Economic, Capital and Technology Development on Wednesday unanimously passed the property tax break request, a spokesman for Alderman Margaret Laurino said.

The 39th Ward alderman heads the committee, which considered the tax break ordinance after Mayor Richard M. Daley introduced it at a December City Council meeting.

The ordinance is scheduled to be voted on by the full City Council at its Jan. 13 meeting.

It calls for Issaquah, Wash.-based Costco to receive a $1-million break over 12 years for a proposed store at 14th Street and Ashland Avenue. If built, the store would be Costco's second in Chicago. The other is in Lincoln Park.

Costco would not confirm plans to build on 16 acres near the University of Illinois at Chicago's medical campus.

"Our corporate policy is to not comment on specific markets," Jeff Brotman, Costco chairman and co-founder, said in a statement Wednesday.

The project, with an estimated cost of $48.5 million, is expected to create 600 construction jobs, 125 full-time jobs and 125 part-time jobs, the city says.




To read the original story on Crains