Final touches remain for the 26-story Parq Fulton tower, having topped out last summer at a height of 282 feet. Marquette Companies is the developer behind this mixed-use West Loop project, which integrates 10,000 square feet of retail and 278 rental apartments. With its address at 1400 W Randolph Street, the nearly complete structure replaces a low-rise commercial building and a parking lot.
This week, the Chicago-based developer known as The Habitat Company announced its acquisition of 344 N Canal Street, which will give rise to a new 33-story mixed-use tower in the Fulton River District. The joint project with Diversified Real Estate Capital, LLC is set to yield a ground-level retail component and a total of 343 rental units. Unit layouts will vary in size between studios, one-bedrooms, and two-bedroom residences.
Initial details have been revealed for a mixed-use development at 2359 N Washtenaw Avenue in Logan Square. Located on the southeast corner with W Fullerton Avenue, the new project would replace a one-story masonry-clad credit union bank and its 0.3 acre lot with two structures. The project is being designed and developed by Chicago-based Hibernian Development who has been working on single family homes in the area since 1998.
With construction now complete, the 11-story residential building known as Evo Union Park has officially opened at 1454 W Randolph Street in West Loop. Developer Marquette Companies has planned 242 total apartment units, whose layout sizes range from convertibles up through two-bedroom residences.
The University of Chicago has announced initial details for a new medical development at 5646 S Drexel Avenue on their Hyde Park campus. The new building would be located on the northwest corner with E 57th Street and will be replacing a surface parking lot in the heart of the university’s medical district. The project’s developer University of Chicago Medicine will be taking their first round of information to the Illinois Health Facilities and Services Review Board seeking the necessary approval to begin design development for the property.
