The transformation of 932 W Randolph Street continues to progress in West Loop‘s Fulton Market, where developer L3 Capital has planned a re-skin and renovation of a former three-story bank. The project will also include a new three-level addition at the northern end of the property, which will blend seamlessly into the new design.
Last year, L3 Capital received approval to convert the existing bank and parking lot from C1-2 neighborhood commercial district to DX-5 mixed-use district, allowing for the structure to proceed. The roughly 35,000 square feet of programming will house a mix of retail and offices, with recent reports confirming a new showroom for electric carmaker Rivian.
With OKW Architects behind its metamorphosis, 932 W Randolph will be converted to a new contemporary assemblage of brick, metal paneling, and floor-to-ceiling glass windows. Additional elements include a 1,500 square-foot third-floor terrace and a protruding tower-like enclosure for the stairwell.
Though no accessory parking will be provided, tenants and visitors will have bus access to the north and southbound Route 8 via a five-minute walk east to Halsted & Randolph. Roughly the same distance south are stops for Route 20. Access to the CTA L is in even closer proximity, with the Green and Pink Lines available via a two-minute walk northwest to Morgan station.
While smaller in size, 932 W Randolph is another prominent indicator of the recent westward shift in development in the Fulton Market/West Loop area. Randolph Street has seen an unprecedented push to re-establish the streetfront and solidify itself as one of Chicago’s premier commercial arteries.
Norcon Inc. served as demolition contractor of the former exterior, while Walsh Construction is now responsible for building out the revamped design. A full completion is penned for the fourth quarter of this year.