Page 3 - Regal 1920s coop sale 1.30.24

When the 23-story building was complete in 1927, the Wrigleys took this space. They later handed it down to their
son Philip K. Wrigley and his wife, Helen, along with control of the chewing gum company, the Chicago Cubs and
Santa Catalina Island off the coast of Los Angeles. They kept the co-op until 1977, the year Philip Wrigley died.

Catherine Hamilton told Crain’s in 2016 that in the late 1970s, as the head of the Midwest office of the Sotheby’s
auction house, she helped the Wrigley family prepare items in the co-op for sale. Someone else bought the co-op,
but in the early 1980s they sold to her and her husband. The amount they paid is not shown in the online files of the
Cook County clerk's office.

When they bought the co-op, Hamilton told Crain’s in 2016, it had been little changed since the Wrigleys’ tenure.
The New York Times reported they “gutted the dark interior evocative of Vincent Price and completely redid the
apartment to fit their collection of 18th century French paneled rooms, down to the last centimeter, finishing them
off with parquet de Versailles on the floors.”

It's not clear from the listing how much of the finishes that the Hamiltons installed was included in the sale.

Credit: Baird & Warner

Cooperative ownership differs from condominium ownership in that co-op residents own shares of the building
proportional to the size of their units. In a condo, the residents own the space they live in. Co-op owners typically
pay very high homeowners association fees, which include the cost of all utilities and other shared services such
as a door staff.

The unit that the Hamiltons just sold has a monthly HOA bill of nearly $14,330.

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