Big progress continues on the residential tower at 370 North Morgan Street in the Fulton Market District as it nears its ultimate 32-story peak. Though hidden by the construction screens, it appears from the street that crews from Skender and McHugh Concrete have poured the 28th, perhaps the 29th, floor.
Progress on the glass exterior, which begins on the fifth level just above the four-story podium, has wrapped around the 14th floor, with workers now going down a level to install panels on the 13th floor. The windows that are present help accentuate the corner balconies that will remain exposed to the elements and the views.
Designed by Antunovich Associates for Vista Property Group, 370 North Morgan will deliver 494 rental apartments to the Fulton Market neighborhood. The podium will include retail on the ground level and 190 parking spaces. The tower is expected to open to its first tenants in spring 2027.
Shout-out to Metra for sending so many extra trains through the neighborhood during our site visit on February 27.
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Glass installation on the 13th floor. Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
Photo by Daniel Schell
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Cool pictures, Daniel! Thanks! This tower is massive!
Are there any plans for the empty lots surronding this project like 350 N Morgan and 93 N Morgan?
This street along with N green street can really develop into something nice and connect west loop with west town.
Sterling Bay got approval a year ago for a residential tower at 350 North Morgan, but then sold the property last fall. I haven’t heard much about it since.
I don’t know which lot you’re referring to at 93 North Morgan.
I don’t know the exact address but it’s an empty lot across 370 N Morgan on W Kinzie street.
Ah, 375 North Morgan. Approved in 2023, but it’s gone quiet. https://chicagoyimby.com/2023/09/57110.html
We also almost had this there, too
Almost every empty lot along the tracks has a plan, but the question is more about when… Several of the projects are already approved. The rest is waiting on the developers to strike.
So essentially the developers can build whenever but just have questions regarding financing the projects?
Simply put, yes.
Jack Crawford used to have an amazing map of all this on YIMBY. His model, not sure if he took part in Curbed’s and Urbanize’s interactive one, summed up most projects stupendously. It showed phases, what’s planned, what’s being worked on, and what’s been completed.
As it goes, you gotta…
1st) Get the city’s blessing from neighbors and aldermen if going beyond basic zoning. The by-right stuff gets through a lot easier since no appeals can be made (typically).
2nd) Get the permits. When attacking this phase, funding tends to be much clearer in sight. Especially if getting a tower crane permit with a foundation permit is paired, there’s a good chance things will get started shortly.
3rd) Funding secured. Construction time!
4th) Final approvals and occupancy.
Of the 20+ stuff approved in the West Loop, the majority are stuck between 1 and 2. I don’t know the true number because our tracking resources have been lost, and I don’t have the energy to look through the hundreds of articles.
What’s holding them back can be a host of factors. China’s pullout from the US real estate market almost killed Vista Tower (St. Regis). Trying times and an unfavorable market that keep loans unattainable. Labor markets drying up and no longer a demand. A hostile city that prevents approval or avaricious policies that make the numbers infeasible. There are a lot of ways that steps 1-2 get held back. Calatrava’s Spire was extra unique by selling a unicorn plagued by everything that could go wrong.
Does anyone have an answer as to why all these apartment buildings being built lately look the same. Usually 30 floors and so wide… why not 60 floors and half the width … more square shaped instead of a long rectangle with the always middle zag
Height determines cost.
The higher you go, the bigger the elevator and egress stair base needs, which is the biggest drain on cost margins.
The costs of supertalls are typically reserved for the ultra ultra wealthy. If you were to look into the costs of the world’s tallest structures, you’d find that a lot of times the end doesn’t justify the means. See Miami… those tallest towers aren’t slapping luxury car names on towers for affordable modesty.
Chicago has tons of large lots that are relatively cheap so they build the width of the parcel. If land values were more expensive you’d see smaller footprints with taller buildings.
Looking good! 370 N Morgan will be a nice addition to Fulton Market