Full construction permits have been granted for the mixed-use development at 225 N Elizabeth Street in the Fulton Market District. Located on the corner with W Fulton Street, the project took the 11th place in our 2022 year-end countdown and has started construction with foundation work well underway. Now construction has been cleared to fully rise over its low-height industrial neighbors. Developer Sterling Bay, who is also busy building up Lincoln Yards, and Colorado-based Ascentris are working with local architecture firm Hartshorne Plunkard Architecture on its design.
225 N Elizabeth Street
Foundation work is ready to give way to vertical construction for the mixed-use development at 225 N Elizabeth Street in Fulton Market District, where many of this year’s entries are. Located on the southeast corner with W Fulton Street, foundation work is currently well underway for the structure after it completed the removal of the previous empty surface lot on the site. Developers Sterling Bay and Colorado-based Ascentris have been leading the charge on the Hartshorne Plunkard Architecture-designed-structure.
The tower crane stump and installed foundations can be seen at 225 N Elizabeth Street, set to give way to a new 28-story, 314-foot building in Fulton Market District. Developer Sterling Bay and partnering private equity firm Ascentris are behind this mixed-use project, which will provide 350 new apartment units atop ground-level retail.
Developer Sterling Bay and partnering private equity firm Ascentris have broken ground on a 28-story mixed-use tower, situated at 225 N Elizabeth Street (formerly addressed as 1245 W Fulton) in West Loop’s Fulton Market District. Plans for this 314-foot-tall edifice include 350 residential apartments atop first-floor retail. Unit sizes will be split into 66 studios, 46 convertibles, 140 one-bedroom, 92 two-bedroom, and six three-bedroom floor plans. To meet the 20 percent affordability requirement under the latest ARO guidelines, the development will have 70 on-site units for residents making up to 60 percent of the area median income (AMI). These units will be distributed as 13 studios, nine convertibles, 28 one-bedrooms, 19 two-bedrooms, and one three-bedroom.