The Chicago City Council has approved the residential development at 1040 W Waveland Avenue in Wrigleyville. Located just west of the intersection with N Sheffield Avenue and directly north from the namesake Wrigley Field, the new structure will replace an existing three-story residential building erected in 1910. Local developer Glascott Associates proposed the project mid-last year with edits made in the fall prior to applying for rezoning. SPACE Architects + Planners is working on its design.
The project will yield five stories and rise 51 feet tall on a double-wide lot, slotted between two slim residential buildings with Wrigley Rooftops on top of them. Like the existing structure the new development won’t contain a rooftop itself, but will bring 16,600 square feet of residential space to the block. Occupying around two-thirds of the roughly 5,000-square-foot site, it will be flanked by three-foot gangways on both sides leading back to a small patch of grass, nine outdoor bicycle parking spaces, and five-vehicle parking spaces as it is a Transit Oriented Development (TOD).
The building itself will contain nine residential units although it is zoned to hold up to 16, thus it will also be below the 12-unit threshold for the city’s affordable requirements. The residences will be made up of seven three-bedroom layouts averaging 1,530 square feet, along with a single rooftop four-bedroom penthouse containing 3,000 square feet with a large deck facing the stadium. The lower units will also have private inset balconies in the front with a secondary exit outdoor staircase in the rear, a slight redesign from the first iteration.
Future residents will have access to multiple transit options including bus service for CTA Routes 22, 151, and 152 as well as the CTA Red Line at Addison station all within a five-minute walking radius. With the approval rezoning the lot to its new designation of B2-3 Neighborhood Mixed-Use District, the project can now move forward and has applied for the necessary building permits. A completion timeline is currently unknown.