In the heart of Fulton Market, a new chapter in the neighborhood's evolution is about to unfold. The first demolition permit has just been issued for 210 N Morgan Street, signaling the commencement of a transformative mixed-use development project by Newcastle Limited. This 33-story development promises to reshape the landscape and redefine urban living in this bustling area. Let's delve into the details of this exciting project that's set to revitalize this prime location.
The Location and Vision
Situated midblock between W. Lake St and W. Fulton Market, the site currently hosts electrical poles, which are soon to be a thing of the past as part of this pending mixed-use development. The ground floor of the building will house the residential lobby and 4,000 square feet of retail space, setting the stage for a vibrant and accessible community hub.
Amenities
Residents can look forward to a range of amenities including:
- Fitness center
- Three outdoor terraces on the 4th, 23rd. and 28th floors
- Pool on the 28th floor
- Retail on first floor
- Parking garage for 50 vehicles
- 118 bicycle spaces
- EV charging
Innovative Design
The design of the tower, a creation of Hartshorne Plunkard Architecture, is captivating and innovative. Composed of three interlocking rectangular volumes that are vertically and horizontally offset, the tower's facade will be a blend of dark metal and floor-to-ceiling windows. This design not only adds a touch of modern elegance but also offers unique perspectives of the surrounding cityscape.
Accessibility and Transit
For those who value convenient transit options, this development doesn't disappoint. Morgan Station, servicing the Green and Pink Lines, is a mere one-minute walk away. Additionally, CTA bus routes such as 8, 20, 56, and 65 are all within a 10-minute walk, making commuting a breeze for residents.
Construction and Timeline
Urbanize Chicago reports that Heneghan Wrecking & Excavating is tasked with the demolition of the existing one-story building, a critical step to make way for the new development. The construction process, originally scheduled to begin in the summer of 2023, awaits an updated timeline. The massing of the tower was carefully planned, starting with the base DX-7 zoning and an FAR bonus of 4.5. The tower's design prioritizes a variety of unit types, including corner units and apartments with balconies, ensuring a diverse and appealing living experience.
Affordable Housing Commitment
In line with the community's needs, the development is set to include 41 affordable units, meeting the 20% affordability requirement on-site. These units, with a weighted average of 60% AMI, will encompass a mix of 16 studios, 20 one-bedroom units, and 5 two-bedroom units. This commitment to affordability underscores Newcastle Limited's dedication to making a positive impact on the community.
Future Prospects
With the demolition permit now issued, Heneghan Wrecking & Excavating is poised to clear the site and pave the way for the new development. While the developer's original plan was to commence construction in the summer of 2023 with an 18-month timeline, the exact schedule for the project remains uncertain as new construction permits have yet to be filed.
Newcastle Limited, no stranger to the West Loop, having worked on various other nearby projects, is collaborating with local architecture firm Hartshorne Plunkard Architecture to bring this vision to life. The project includes a comprehensive transformation of the site, from burying power poles and enhancing pedestrian experiences to providing commercial space and ample parking.
Conclusion
The issuance of the demolition permit for 210 N Morgan Street marks the beginning of an exciting journey in Fulton Market. With a focus on creating a vibrant and accessible community, this mixed-use development by Newcastle Limited promises to elevate urban living in the heart of the city. As the project progresses, we look forward to witnessing the transformation of this prime location and the positive impact it will have on the neighborhood. Stay tuned for more updates on this dynamic development!
Call-to-Action:
The construction field is a dynamic and ever-evolving industry, and every project, no matter the scale, relies on the expertise, craftsmanship, and commitment of these individuals. From the demolition crews to the architects, engineers, and skilled laborers, each plays a vital role in shaping our cities and communities.
As we anticipate the construction phase, we acknowledge the challenges and demands that construction professionals face daily. Their dedication to quality, safety, and efficiency ensures that projects like 210 N Morgan Street come to fruition, creating spaces that enhance our urban landscape and improve our quality of life.
DataBid is currently reporting on this project - 210 N. Morgan Street Transit Oriented Development Fulton Market - Chicago (0028102621)
