The first demolition permit has now been issued for a major new mixed-use development at 1200 W Fulton Street in Fulton Market. The development will replace a parking lot and three existing one-story industrial buildings with three structures, delivering 1.5 million square feet of space designed by Hartshorne Plunkard Architecture. The developer, Fulton Street Companies, is partnering with Waterton, a local landlord company, and Harrison Street Real Estate Capital.
According to the most recently unveiled plans, the shortest edifice of the three will be a 10-story, 200,000-square-foot life sciences building, which will sit directly on the intersection with a gable roof and a large glass curtain wall facing Fulton Street. To the west will be a 25-story, 500,000-square-foot office building with a square industrial-style base and stacked glass massing above the halfway point. Both of these buildings will have to follow the new guidelines established with Fulton Street becoming a pedestrian street, allowing the project to be a Transit Oriented Development.
Anchoring the development will be a 50-story tower reaching around 600 feet tall at the northwest corner of the site close to W Carroll Avenue. The tower will hold 500 apartments managed by Waterton and a 200-key hotel in its staggering massing with an industrial-style base as well. In addition, a 200,000-square-foot fitness center from a national group, which is yet to be revealed.
As far as transportation, the nearest CTA buses can be found for Routes 8, 9, X9, 20, and 65 all within a 10-minute walk. Meanwhile, the closest CTA L service can be found for the Green and Pink Lines via a seven-minute walk southeast to Morgan Station.
As for next steps, full approvals are still required to rezone the property, while additional approval will be required from the plan commission and city hall. Given this latest permits, it is likely more details and renderings will be revealed in the coming months. As for now, an anticipated completion timeline has not yet been revealed.