Related Midwest has unveiled a new proposal for 725 W Randolph Street, a now 41-story skyscraper poised for the southeast corner of Fulton Market District. The mixed-use project has steered toward a more commercial angle over its last two building iterations, which would have yielded a 370-apartment residential component in addition to office space and a hotel. While apartment demand has blossomed following the reversal of a new housing moratorium in the district, the office market has also seen a recent surge of new companies into the neighborhood’s growing collection of large floor-plate towers.
725 W Randolph Street
Demolition permits have been issued for a two-story masonry building situated at 720 W Washington Street in West Loop‘s Fulton Market District. The building occupies a portion of a larger development site that is owned by Related Midwest.
The approved mixed-use, two-tower development at 725 W Randolph Street takes the 14th spot in YIMBY’s Chicago’s Tallest Development countdown. Plans comprise of a main tower that will rise 550 feet and a second tower rising 250 feet on a full-block lot along the Kennedy Expressway. The site is bound on the other sides by W Washington Boulevard, N Halsted Street, and W Randolph Street. Related Midwest is the developer in charge of the project.