Foundation work is making quick headway for 160 N Morgan Street, a 30-story apartment building gearing up to rise in Fulton Market. At 350 feet, the tower will be one of the taller structures to rise as West Loop‘s development boom gains momentum. Developed in partnership between Sterling Bay and Ascentris, plans for the structure include 282 rental units, occupied by two levels of retail at its base.
Unit sizes will scale from studios through three-bedrooms floor plans. Of the on-site units, 28, or 10 percent, will be available under ARO. Sterling Bay will also contribute $2 million to the neighborhood opportunity fund and $5.26 million to Solar Lofts, a mixed-income residential development in South Loop.
For amenities, there will be an outdoor deck on the fifth floor, underneath the cantilevered portion of the tower. There will also be a rooftop terrace with sweeping city views and a pool.
bKL Architecture is responsible for the design, whose podium will be clad in face brick, while the upper levels are wrapped in a glass and dark metal facade. One notable feature will be Y-shaped supports underneath the overhanging tower.
Apart from the 89 on-site parking spaces and 153 bike storage slots, the development will provide close transit access to a range of public transit options, including Divvy Bike stations, Green and Pink Line trains via Morgan station, as well as bus stops for Routes 8 and 20.
Walsh Construction is serving as general contractor, with a reported cost of just under $82 million. With the full construction permit having been issued this past Wednesday, a full delivery of the project is expected for 2024.