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.
Construction has surpassed the third floor at 1039-41 W Belmont Avenue, a four-story retail and residential building in Lakeview. The mixed-use structure has been planned by the occupying owner Cumin Restaurant, originally listed as Kathmandu Properties in the issued permit. Prior to construction, the parcel was occupied by a two-story masonry building, which was demolished in 2019.
Both landscaping and facade work are nearing completion for the 52-story 320 S Canal Street, aka BMO Tower, located near the southern end of West Loop Gate. This 727-foot-tall office tower has been co-developed by Riverside Investment & Development and Convexity Properties.
The Chicago City Council has approved the rezoning for a potential commercial development at 401 S Wacker Drive in The Loop. The wedge-shaped lot is bound by W Van Buren Street on the north, S Franklin Street to the east, and W Ida B. Wells Drive to the south with the Chicago River being just west of the site. The property is currently improved with a large cooling plant and adjacent parking lot owned by Centrio Energy, who began serving the Chicago area in 1995 under their previous name Enwave.
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.
