Hamburger Mary's, set to open this summer, needed municipal support to ask for a Cook County Class L incentive for the rehabilitation of the building, which allows for a 12-year reduction of property tax assessment levels for owners who rehabilitate landmark commercial buildings, according to a village staff memo.
The incentive, according to the memo, is granted to property owners who invest at least half the value of the building in an approved rehab project. A preliminary estimate for the Hamburger Mary's rehabilitation project is about $1.2 million, about 14 times the required minimum required of $82,860 for the building assessed at $165,719, according to the memo.
With the incentive, the property would be assessed at 16 percent of fair market value for the first 10 years, 23 percent in year 11 and 30 percent in year 12, according to the memo.
Keep up with Oak Park and River Forest news: Sign up for our free email newsletter, then like us on Facebook for a slightly different take.
The proposed rehabilitation of the building, which has been used for office space since 1968, includes removal of all non-original interior offices, installation of a kitchen, restaurant and brewing equipment, a cabaret bar with a stage, updates to the bathrooms, exterior masonry work, upgraded utilities and removal and reinstallation of one exterior door. The property owners will also look into restoring the building's retractable skylight, according to the memo.
The theater was constructed in 1913 by Harper & Butendorff and converted into a film studio and lab in 1920.
Hamburger Mary's owner Ashley Wright, who opened the Andersonville restaurant in 2006 as a franchisee before buying the franchise system in 2007, said in November the Oak Park location would incorporate the traditional Hamburger Mary's concept, but would focus more on the brewing aspect of the business.
Hamburger Mary's started brewing its own beer in Andersonville in 2009, he said.The board also approved a brewpub license for the business, which is contingent upon the company's legal interest in the property.