Related Midwest latest plan for Fulton Market condo tower wins over neighbors

The firm has shaved 15 floors from its original proposal

Chicago /
Jun.June 15, 2018 01:00 PM

Previous rendering of Fulton Market condo tower and President of Related Midwest, Curt R. Bailey

First it was 51, but that was opposed.

At 43, it was still deemed too tall.

Now, Related Midwest’s most recent plan to build a 36-story condominium tower in the West Loop has gotten the approval of an influential neighborhood group. The coalition had panned the two previous proposals they had deemed out of scope with the surrounding neighborhood.

Related and partner Tucker Development originally proposed a 51-story building at 191 North Peoria Street, which would have towered over relatively low-lying existing properties around the Fulton Market district, according to Crain’s.

The developer responded to criticism earlier this year with a 43-story, 495-foot proposal, but that, too, was met with backlash from the West Central Association Chamber of Commerce.

Separately, Related has proposed a 58-story Equinox Hotel and apartment tower overlooking the Kennedy Expressway at 725 West Randolph Street. The company is part of a crowded field of developers trying to build residential high-rises in Fulton Market, where demand has accelerated since Google and McDonald’s opened new corporate offices there.

Mark Goodman & Associates was the latest to jump into the fray, proposing a 12-story office building this week at 310 North Sangamon Street.

Sterling Bay has also been busy in the area, most recently securing a permit for its 200-key Hyatt House Hotel at 105 North May Street. [Crain’s] — Alex Nitkin


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