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Victory Gardens Sells Greenhouse for $2.25 Million

By: Tristan Fuge · May 2, 2008 · Chicago

Wendy Spatz

The Board of Directors of Victory Gardens Theater has sold the Victory Gardens Greenhouse, the company's longtime home at 2257 N. Lincoln Avenue. William and Wendy Spatz, of Spatz Development LLC, has purchased the building for an independently appraised value of $2.25 million. Spatz is also a member of the Victory Gardens Board.

The sales contract includes a special covenant stipulating the Greenhouse must be maintained as a live theater venue for the next 25 years. Proceeds from the sale are earmarked for continued capital needs at Victory Gardens new mainstage, the $11.8 million Victory Gardens Biograph Theater. Remaining funds will go toward the establishment of an endowment for the theater.

For more information, visit victorygardens.org.

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