This week, YIMBY captured shots of the near-complete demolition at 1200 W Fulton Street in Fulton Market, set to give rise to a major new three-building development. The full-block plan will replace a parking lot and three existing one-story industrial buildings, delivering 1.5 million square feet of mixed-use space designed by Hartshorne Plunkard Architecture (HPA). The developer, Fulton Street Companies, is spearheading the development alongside Waterton, a local landlord company, and Harrison Street Real Estate Capital.
The current plans have indicated that 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 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.
To offer a sense of scale, another recent full-block megadevelopment, known as One Chicago, was also designed by HPA. This River North complex is roughly 40% larger than 1200 W Fulton with a square footage of 2.1 million. Height-wise, One Chicago has also consolidated its extra floor space despite fewer towers through its 971- and 579-foot heights.
As for the next steps, full permits still require issuance before any construction can begin. Apart from the received demolition permits, no other filings have been made, and an anticipated completion timeline has not yet been revealed.