225 N Elizabeth Street

225 N Elizabeth Street Receives Full Construction Permits In Fulton Market

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.

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Countdown’s 11th Tallest Tower Prepares to Rise at 225 N Elizabeth In Fulton Market

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.

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225 N Elizabeth Officially Breaks Ground in Fulton Market District

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.

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