The Chicago City Council has approved the rezoning for two new high-rises in Fulton Market. The projects are located on opposite ends of the district. The residential-based 1353 W. Fulton Street on the west end of the growing area and 360 N. Green Street continue the influx of commercial mixed-use properties in the area. Both towers also recently received Plan Commission approval.
1353 W. Fulton Street
Chicago Yimby states that the building at 1353 W. Fulton Street is led by developer Shapack Partners. It will feature the following:
- 28 story cubical structure
- Rise 314 feet in height
- Include 305 residential units
- Offers 115 studios
- 138 one-bedroom apartments
- 52 two-bedroom apartments
- 61 affordable units
- 115 vehicle parking spaces
- 16,000 square feet of retail space
- Covered outdoor dining
- Large residential lobby
- 13,000 square feet of outdoor space
- Pop-up pavilion
- Rooftop pool
- Full fitness center
- Lounges
- Private cantilever balconies
Shapack Partners may now apply for permits with demolition of the building currently on the site expected to start this summer.
The affordable units will be offered to residents making 40, 50, and 60 percent Area Median Income.
360 N. Green Street
The developer for 360 N. Green Street is Sterling Bay and was designed by Gensler. The recently financed residential building will be breaking ground this week. The mixed-use development will replace a vacant lot and will feature:
- 24 stories
- 399 foot tall tower
- Large lobby
- Predominantly an office building with nearly 500,000 square feet of leasable space
- H-shaped floor plans
- Back painted glass parking podium will hold 90 vehicle spaces
- Large amenity floor with plenty of outdoor deck space
- Two large commercial spaces will anchor the new wedge-shaped park
- $288 million project
The park will stretch west connecting to the upcoming Guinness Brewhouse and eventual development behind it. The park will be anchored by a large plaza open to the two retail spaces in the tower's base along with a long winding path that will connect various recreation areas. Gathering areas with tables, benches, open lawns, rock work, seating and dense foliage will create a new green getaway for local workers and residents to use.
No formal starting date has been announced at this time. The site has been cleared and fenced off and Sterling Bay will only need to apply for construction permits to proceed.
Sterling Bay has made a $4.4 million payment to the Neighborhood Opportunity Fund and 473 construction jobs are estimated. The development will create roughly 2,500 permanent jobs in the area upon completion.
Fulton Market and the greater West Loop area has made a remarkable comeback in business and unprecedented growth. Over 9,000 residential units are proposed to be built in the coming years to create a live-work-play neighborhood. Office development doesn't lag far behind with companies like Snapchat and White Claw recently snatching up space in the newest buildings to Chicago's skyline.
DataBid is currently reporting on this project - 360 North Green Street Office Building West Loop - Chicago (0047121417)
