A timeline and anchor tenant have been announced for the upcoming skyscraper at 725 West Randolph Street in Fulton Market. The upcoming skyscraper has seen a small height bump since we last covered its conversion from residential to an office proposal back in 2023. Since then, developer Related Midwest has been seeking tenants to kick off construction.
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.
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.