In a dramatically busy week, another residential tower has been proposed for 1234 W Randolph Street in Fulton Market. The joint venture behind these plans, comprised of Azur Holdings and Golub, have filed a zoning application calling for a 42-story tower with 400 apartment residences, of which 80 will be affordable under ARO guidelines.
By Fulton Market‘s height standards, a towering new residential development has been proposed for the 375 N Morgan Street, lying adjacently west of the underway Guinness Brewery project. Spearheading both projects on the two adjacent parcels, developer Fred Latsko has called for a nearly 40-story building with more than 500 for-rent units. Given its similar number of floors to the nearly topped-out 900 Randolph, we can likely expect a height in the range between 450 and 500 feet. Latsko had previously mulled plans for a 30-story office development, but has shifted due to ever-increasing apartment demand and the lifting of the neighborhood’s moratorium on new residential developments.
Initial details have been revealed for a new mixed-use development at 415 N Sangamon Street in the West Loop. Located on the corner with W Kinzie Street directly across from the upcoming Guinness Brewery, the new proposal will incorporate the existing multi-story structure on site and occupy the adjacent vacant lot. The developer Fortem Voluntas Partners is led by ex-Sterling Bay leasing agent Joy Jordan. According to Crain’s, they have partnered up with local architecture firm Eckenhoff Saunders on the design of the sleek new tower.
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.
Construction is crossing the finish line for the for an 11-story mixed-use building at 345 N Morgan Street in Fulton Market District. This latest addition to West Loop‘s rapidly evolving development arena will provide a combination of ground-level retail topped by offices above. Despite its relatively low floor count, this development by Sterling Bay measures up to much of the other nearby projects at a height of 178 feet.
