The family that owns the Chicago Cubs recently purchased three rooftop properties adjecent to Wrigley Field that give visitors a view of the ballpark.
The Ricketts family bought two properties on Sheffield Avenue and one on Waveland Avenue, according to Crain's Chicago Business.
The property at 3639 N. Sheffield Ave., which for more than 30 years was co-owned by Jim Lourgos, was sold to the Ricketts on Jan. 9 for $4.2 million, according to Crain's. Two other properties at 3643-3645 N. Sheffield Ave. and 1032-1034 W. Waveland Ave., both previously owned by George Loukas, were also sold to the Ricketts for an undisclosed price.
The ongoing renovation of Wrigley Field has caused tension among the Ricketts family, the City of Chicago and the owners of the rooftop businesses, some of whom feel the renovation plan deprives them of their property rights. As a result, the owners of eight rooftop businesses sued the City of Chicago in August.
Construction on the $575 million renovation officially began in September when baseball season ended. The renovation will include an expansion of the bleachers in both outfields, an addition of seven new outfield signs and a 2,400-square-foot video scoreboard.
