By Ryan OriContact Reporter, October 3, 2018, Chicago Tribune
The Cubs’ shorter-than-expected postseason means it’s time for another newfound rite of passage near Wrigley Field: the off-season construction zone.
Already years into a wave of real estate development, the neighborhood is about to experience more change.
That includes the looming demolition of Taco Bell’s 24-year home across the street from the storied ballpark to make way for a larger retail building.
Two hotels, a large apartment building, and several new bars and restaurants opened in the neighborhood this season.
Here is a look at recently completed real estate projects in the area, and ones that — like the Cubs — will have to wait till next year.
Yer out, Taco Bell
The Taco Bell at 1111 W. Addison St., known for attracting baseball fans and early morning revelers, is in its ninth inning.
Northfield-based developer Elliot Berman and Guaranteed Rate mortgage broker Benjamin Cohen bought the property for more than $8.9 million in June 2017, with plans to put a new three-story retail structure on the site.
Taco Bell’s last day of operation is Dec. 2, after which demolition will begin. Planet Granite has leased the top two floors for a gym and climbing facility, and the landlord is seeking retailers to fill almost 16,000 square feet of ground-floor space.
“We’re gaining traction with retailers who want to take advantage of the foot traffic around Wrigley,” said Marc Offit of Braden Real Estate, the property’s leasing broker. “All this development is going to make Wrigleyville a year-round destination.”