Thor Equities Finalizing Purchase of High-Profile Fulton Market Site

Thor development siteThor development site via Google Maps

Thor Equities is currently in negotiations to purchase one of the few remaining major development sites in Fulton Market district. The vacant 2.7-acre site along the west side of Peoria Street at the Metra tracks is being sold by meat wholesaler Nealey Foods, with the purchase price expected to be more than $100 million.

Thor Equities plans to develop the property with as much as 1.3 million square feet of mixed-use space, including offices, apartments, and other potential uses. To give a true sense of this scale in a Fulton Market context, the developer’s adjacent 800 W Fulton Market hovers at just around 470,000 square feet while standing 300 feet in height. Even some of the neighborhood’s upcoming tallest such as 330 N Green Street (550 feet) and 725 W Randolph Street (665 feet) measure 750,000 square feet and 931,000 square feet respectively. It is worth noting that given both the high property area and allowed square footage, the developer may opt for multiple towers.

According to a recent article by Crain’s, the sale is not yet finalized, and a spokeswoman for Thor Equities declined to comment on the deal. If the purchase lands, however, we may very well see renderings of a skyline-altering project as soon as this year.

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2 Comments on "Thor Equities Finalizing Purchase of High-Profile Fulton Market Site"

  1. NYC2CHItown_greg | February 25, 2023 at 10:34 pm | Reply

    No rendering?

  2. Bobby Siemiaszko | February 25, 2023 at 11:52 pm | Reply

    Over 100 million for less than 3 acres? Amazing.

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