The tower crane stump and installed foundations can be seen at 225 N Elizabeth Street, set to give way to a new 28-story, 314-foot building in Fulton Market District. Developer Sterling Bay and partnering private equity firm Ascentris are behind this mixed-use project, which will provide 350 new apartment units atop ground-level retail.
Construction on 920 N Wells Street has officially reached its peak, with the 21-story mixed-use building now topping out in Near North Side. JDL, the developer of nearby One Chicago, is also behind this current structure and its encompassing North Union development, one of Chicago’s largest single plans currently underway. The overall $1.3 billion project will span multiple blocks of land that had been sold by the nearby Moody Bible Institute.
Glass and metal installation has begun at 920 N Wells Street, a 21-story mixed-use building in Near North Side. JDL, the same developer behind the nearby One Chicago, is behind this current structure and the broader North Union masterplan. This $1.3 billion, 8.1-acre mega-development will span multiple blocks of land once owned by the Moody Bible Institute.
Caisson work can be seen on the two adjacent sites at 868 N Wells Street and 232 W Chestnut Street, where developer JDL has planned the second and third installations to their North Union mega development. The scope of this larger $1.3 billion masterplan include more than 2.9 million square feet of space, 2,656 residences, an abundance of new commercial units, and 100,000 square feet of public areas.
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.
