A new major lease has been announced for Fulton Labs at 400 N Aberdeen Street in Fulton Market. Sitting on the corner with N Ogden Avenue on the northern end of the neighborhood, the space will be utilized by the Illinois Institute of Technology (IIT) as part of a greater life sciences push in the city. The university itself is leading the efforts for their first off-campus research venture, designed by Perkins & Will.
The upcoming Chan Zuckerberg Biohub Chicago will open in January at 400 N Aberdeen Street in Fulton Market. Located on the corner of N Ogden Avenue within the West End on Fulton building, the new hub was announced earlier this year from a multi-city competition. Dubbed CZ Biohub Chicago, it’s being funded and built by the Chan Zuckerberg Initiative which was founded in 2015 by Priscilla Chan and Mark Zuckerberg.
After the issuance of demolition permits for 323 N May Street and 315 N May Street, the Fulton Market District is set to clear the way for 315 N May Street, developed by the Texas-based Trammell Crow. The 26-story mixed-use tower, rising to 410 feet, will primarily serve as a commercial space with office areas and ground-floor retail.
Demolition has cleared the way for the new Harper Court Phase 2 at 5209 S Harper Avenue in Hyde Park, developed by The University of Chicago in partnership with Trammell Crow and Beacon Capital Partners. The 13-story mixed-use construction will comprise of retail and a new medical research office facility with nearly 300,000 square feet of lab space, one-sixth of which will be occupied by The University of Chicago. The project site is situated just west of the railroad tracks, with E 52nd Street to the north, S Lake Park Avenue to the east, E 53rd Street to the south, and S Harper Avenue to the west.
A second permit has now been issued for a 34-story mixed-use high rise at 1114 W Carroll Carroll Avenue in Fulton Market District, allowing for installment of a tower crane. The building will be the…