The Chicago City Council has approved the rezoning for two new high-rises in Fulton Market. The projects are located on opposite ends of the district, with the residential-based 1353 W Fulton Street anchoring the west end of the growing area and 360 N Green Street continuing the string of commercial mixed-use properties along Green Street on the eastern end of the neighborhood. Both towers recently received Plan Commission approval as well.
Developer Sterling Bay has secured financing for its mixed-use development at 160 N Morgan Street in Fulton Market. Located just north of W Randolph Street and next to the CTA Morgan station, the tall tower replaces a now-demolished drive-thru bank that once held a Gucci pop-up shop. Earlier this year Sterling Bay forged a joint venture with Colorado-based real estate private equity firm Ascentris on the project with local firm bKL Architecture working on the modern design.
Final glass pieces are being installed for 300 N Michigan Avenue, a 47-story mixed-use skyscraper in The Loop. Co-developers Sterling Bay and Magellan have planned for a retail base, a 280-key citizenM hotel on the lower levels, and 289 rental apartment units on the upper floors.
The Chicago Plan Commission has approved the mixed-use development at 360 N Green Street in Fulton Market. Replacing a vacant lot just east of the recently announced Guinness Brewhouse, the Sterling Bay-led project is being designed by Gensler and has gone through a series of revisions, most recently this past February. The approval is the second tower moving forward this month in the area with the residential-heavy 1353 W Fulton Street also getting the green light.
Brick cladding can be seen for Sterling Bay’s 345 N Morgan Street, an 11-story mixed-use development in Fulton Market. This 200,000-square-foot edifice will house a mix of ground-level retail and offices above. Prior to construction, the site was occupied by a low-rise masonry building. The replacing structure will measure 178 feet in height despite the relatively low floor count.
