Related Midwest has unveiled a new proposal for 725 W Randolph Street, a now 41-story skyscraper poised for the southeast corner of Fulton Market District. The mixed-use project has steered toward a more commercial angle over its last two building iterations, which would have yielded a 370-apartment residential component in addition to office space and a hotel. While apartment demand has blossomed following the reversal of a new housing moratorium in the district, the office market has also seen a recent surge of new companies into the neighborhood’s growing collection of large floor-plate towers.
There will be a total of 931,000 square feet of office space within the main tower section, which will be flanked by setback private and common terrace areas. The podium, which extends into the southern half of the site, will span 50,000 square feet and be capped by an amenity pool for office tenants.
The Equinox Fitness Club & Spa will be retained across two floors, while a 17,000-square-foot restaurant will also be integrated. One other notable element will be just outside, as Related Midwest also plans for 11,500 square feet of public open space.
The revised design by Kohn Pedersen Fox involves a matrix of painted metal columns along the exterior, intermingled with glass, perforated and non-perforated metal paneling, and dark metal accents. The facade is punctured by a series of inset terraces and culminates in a crowning parapet.
The site lies amongst a variety of nearby transit options, including bus service for Route 8 along Halsted and service for the Green and Pink Lines at Morgan station via a three-minute walk northwest.
The path will require approvals from both the City Council’s Zoning Committee and City Council itself before construction can break ground. Currently an anticipated timeline has not yet been revealed.