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.
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.
Since July’s update, foundation work has made extensive progress for Sterling Bay’s mixed-use development at 360 N Green Street in Fulton Market District. The planned 24-story tower will house 5,400 square feet of retail and Class A office space on the upper floors. At 399 feet in height, the project is set to replace a former vacant lot at the intersection of Green and Kinzie.
New details have been revealed for the groundbreaking of the mixed-use development at 1245 W Fulton Market Street in the West Loop. Located on the intersection with N Elizabeth Street, the new structure replaces a group of empty lots and snakes around an existing art gallery that will remain. West Loop stalwarts Sterling Bay have teamed up with Colorado-based Ascentris, the same team as 160 N Morgan Street, to co-develop the property being designed by local firm Hartshorne Plunkard Architecture.