Construction fencing can be seen surrounding a one-story masonry building in Fulton Market. This parcel is currently under development by Fulton Street Companies and Harrison Street Real Estate Capital and is set to be transformed into a 34-story, 414-foot-tall tower. This mixed-use high rise will feature 13,100 square feet of retail space, as well as 433 apartment units.
The unit mix of this project will include studios, one-, two-, and three-bedroom dwellings. Under Affordable Residential Ordinance (ARO) guidelines, 20 percent of the total provided units are to be designated as affordable, with 43 units allocated on site and 43 units allocated off site. Additionally, the developers are contributing $4 million to the neighborhood opportunity fund.
The sixth floor of the building will provide tenants with an amenity component featuring a pool deck with 7,500 square feet of outdoor space. In addition to this outdoor section, there will also be indoor amenity spaces available for tenants to enjoy. Additionally, 84 parking spaces will be located underground, providing convenient access to the building.
The design by Morris Adjmi Architects features a two-volume massing, with a podium section along W Fulton Market and a taller tower portion rising at the back of the site along N Racine Avenue. The lower massing is clad in brick and glass, while the tower portion is composed of a glass facade with exposed diagonal cross-bracing.
The Morgan CTA L station, serviced by the Green and Pink Lines, is situated a six-minute walk from the site. Additionally, bus service for CTA Route 20 is also accessible from the Madison and Racine stop, and can be reached within an eight-minute walk from the site.
With full approval having been given by the city, the project is now awaiting demolition and construction permits. Construction appears on track to begin in the first part of next year.