With demolition wrapped up and site prep underway, construction permits have now been issued for a 43-story mixed-use skyscraper at 906 W Randolph Street, located in West Loop‘s Fulton Market District. Co-developed by Tucker Development and Related Midwest, construction for the new edifice has been listed under the address 164 N Peoria Street. The development will provide both ground-level retail and 300 apartments on the upper floors, of which 20 percent will be affordable under the Affordable Requirements Ordinance. The developers will also contribute nearly $5 million to the neighborhood opportunity fund, which supports various infrastructure and commercial projects in Chicago’s west and south-side neighborhoods.
Demolition permits have been issued for a one-story masonry building at 160 N Peoria Avenue in West Loop‘s Fulton Market district, clearing the way for a 43-story mixed-use tower planned by Tucker Development and Related Midwest. With an official address of 906 W Randolph Street, the 495-foot-tall edifice will be one of West Loop’s tallest structures. The project will yield a total of 300 apartments atop ground-level retail. Among these units, 60 will be affordable, double what is required under the Affordable Requirements Ordinance. The developers have also planned to contribute roughly $4.9 million to the neighborhood opportunity fund.
This past January, the City Council passed of a key ordinance that would permit a 43-story tower at 906 W Randolph Street in West Loop. Presented documents from the City Council hearing show a height of 495 feet, ranking the building at number 15 in Chicago YIMBY’s countdown of tallest new developments.