Potential groundbreaking have been announced for two Fulton Market projects after securing the land sale and anchor tenants this week. The two projects in question are the life sciences building at 400 N Elizabeth Street and the office building at 360 N Green Street, each led by different developers but delivering similar amounts of leasable space at each end of the quickly growing neighborhood. All together they will bring roughly 1 million square feet of new commercial space in an area poaching new leases at a faster rate than most.
Updated details have been revealed for the mixed-use development at 350 N Morgan Street in Fulton Market. With new leases being signed and projects being revealed weekly, the building will be located on the intersection with W Carroll Avenue directly across the street from the quickly growing 345 N Morgan Street and from the Google Midwest headquarters. Developer Sterling Bay has tweaked the design with information being recently updated on their website for the Skidmore Owings & Merrill-designed structure.
Brickwork and glass installation is now nearing the top of 345 N Morgan Street, an 11-story mixed-use development in West Loop’s Fulton Market district. Under development by Sterling Bay, the 200,000 square feet of programming includes ground-floor retail and offices on the above floors.
Structural work has topped out for the eight-story life sciences center known as ALLY at 1229 W Concord Place. This 320,000 square-foot development by Sterling Bay is the first phase of the gargantuan Lincoln Yards master plan, which will ultimately span 55 acres along Chicago’s North Branch Corridor.
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.