This month, the Plan Commission will review an ambitious project led by VISTA Property Group, designed to significantly reshape the West Loop’s Fulton Market in the form of three mixed-use towers. Gensler is behind the design for this major new development, which will be divided into two separate phases.
Situated at 370, 400, and 401 N Morgan Street, the project envisions transforming an area currently populated by surface lots and low-rise industrial buildings. The proposal includes three towers with a combined 1,450 units. These structures will be recessed from the road, allowing additional room for a bike lane along Morgan Street and a public park. The master plan will also integrate the existing structure of the Morgan Manufacturing building and a low-rise building at 413 N Carpenter.
As part of the first phase and positioned furthest to the south along the Metra tracks, 370 N Morgan is set to rise 399 feet high and comprise 34 stories. The latest plans for the building call for 492 residential units as well as 10,000 square feet of retail space and 142 parking spaces in the podium. Meanwhile, the 400 N Morgan tower, the taller sibling from this first phase, will reach 450 feet across 41 stories. It plans to offer 478 residential units and host 4,800 square feet of retail space, while the podium will accommodate 123 parking spaces.
Details for the third tower, situated at 401 N Morgan, are still being finalized as part of a subsequent second phase. Preliminary plans suggest a 45-story structure reaching 475 feet, housing 480 residential units, minor retail space, and 65 parking spaces.
The developers have set aside a substantial part of the 401 N Morgan block for a communal park, while recent blueprints also indicate a slender walkway and a dog park next to the Metra rails. Additionally, the team has plans to adorn the outdoor squares with a selection of curated sculptures and public art. To complement these outdoor areas and further encourage pedestrian traffic, the buildings will orient the retail and residential entries facing the intersection.
As for transit, the development is located near several bus lines, including Routes 8, 20, 56, and 65 all within walking distance. The Green and Pink Lines’ Morgan Station, meanwhile, is accessible within a five-minute walk south.
As noted by Urbanize, the proposal involves transitioning several parcels currently zoned as DS-5, C1-5, and M2-3 to a consolidated DX-7 designation for planned development. To achieve the required FAR under this designation, the developers plan to allocate $13.9 million to the Neighborhood Opportunity Fund. Pending endorsements for the project include those from the Plan Commission, Committee on Zoning, and City Council. A specific date for initiating construction is not yet established.