Goodman’s 12-story office building would add to booming Fulton Market

The proposed 268K sf building still requires a zoning change

Chicago /
Jun.June 11, 2018 11:15 AM

Mark Goodman and 999 W Wayman Street (Credit: Mark Goodman & Associates and Google Maps)

Mark Goodman & Associates wants to develop a 12-story office building in the Fulton Market district, near the new corporate offices of McDonald’s and Google.

Goodman, which will present plans Monday night, would lease out space in the planned 268,000 square-foot building, the Chicago Tribune reported Monday. Cushman & Wakefield will be the broker.

The Chicago-based real estate investment firm still needs a zoning change for the construction. If it is granted on the property, now a vacant lot, work can begin as early as this fall. Principal Mark Goodman said he courting equity investors and is prepared to start building on speculation if no tenants sign leases by then.

The planned $115 million building is being designed by architecture firm SCB.

Commercial developers have moved aggressively in the West Loop commercial district this year. The Indonesian government was the most recent operator to jump in, buying a 20,000 square-foot art gallery space last week at 211-217 North Carpenter Street.

Thor Equities also has been a major booster of the area, most recently taking out $50 million in loans on a handful of local properties on the heels of its $12 million acquisition of the Isaacson & Stein Fish buildings at 800-810 West Fulton Street this year.

They join numerous other developers building portfolios in Fulton Market, including Sterling Bay  and Shapack Partners[Chicago Tribune] — Alex Nitkin

 

Related Articles

arrow_forward_ios
Sterling Bay CEO Andy Gloor and a rendering of the project (Sterling Bay)
Sterling Bay’s first residential project planned in West Loop
Sterling Bay’s first residential project planned in West Loop
Greystar buys site earmarked for 20-story West Loop tower
Greystar buys site earmarked for 20-story West Loop tower
Greystar buys site earmarked for 20-story West Loop tower
Elk Grove Village to get $1B data center project
Elk Grove Village to get $1B data center project
Elk Grove Village to get $1B data center project
An early rendering of 523-45 South Wabash Street (BKV Group)
$350M mixed-use development in Loop approved
$350M mixed-use development in Loop approved
Donald Trump with the Trump International Hotel & Tower in Chicago (Getty, iStock)
Trump gets another tax break on Trump Tower retail space
Trump gets another tax break on Trump Tower retail space
Jenner & Block poised to sign new lease at Chicago’s River North building after settling suit with landlord
Jenner & Block cuts space at 353 N Clark after settling suit with landlord
Jenner & Block cuts space at 353 N Clark after settling suit with landlord
Industrial investors say ineffective leadership in Chicago, uncertainty of Cook County property taxes are risk factors to investing: Report
Chicago real estate pros’ biggest worries: politicians and taxes
Chicago real estate pros’ biggest worries: politicians and taxes
Mayor Lori Lightfoot (Getty)
Plans to ease cannabis restrictions in Chicago near final approval
Plans to ease cannabis restrictions in Chicago near final approval
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...