Famed tower's facelift bill: $70 million
December 23, 2013

John Goodman Studley

The year-long renovation of the landmark Wrigley Building is an attempt to reposition one of the city's most famous structures.

The $70 million project is now nearly complete, with a commitment from a ground-floor anchor tenant...

"That whole stretch of Michigan Avenue south of the Wrigley Building that used to be mom-and-pop retail is now being renovated to accommodate larger stores and national retailers."

The Wrigley Building's small floors have also been a factor.

"It's more of a boutique kind of building," said John Goodman, executive vice president of Studley Inc., a national office tenant representative firm here. "And if you are a company looking for 10,000 to 20,000 square feet of office space in downtown Chicago right now, there are a lot of options to choose from."

Famed tower's facelift bill: $70 million

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