The Real Deal Chicago

Trammell Crow switches Fulton Market resi tower to office

The developer has planned a high-end apartment building in the area for two years
June 26, 2018 04:15PM

1375 West Fulton Market

Trammell Crow is switching up its plans in Fulton Market.

The Dallas-based firm now wants to build a 13-story office tower at 1375 West Fulton Market instead of the 18-story high-end apartment project it’s planned for two years, according to Crain’s.

Trammell Crow filed plans for the 315,000-square-foot office and retail project this week. The project could be a commercial anchor for the western part of Fulton Market, which isn’t nearly as active as the eastern portion.

The original residential plan would have likely been tougher to build because Alderman Walter Burnett (27th) has kept any residential developments out of the area of Fulton Market between Lake and Hubbard streets

Fulton Market has thrived thanks to adaptive reuses of old meatpacking warehouses and other industrial properties as restaurants and small offices, but there’s also a lot of new construction office projects in the works there. News broke earlier this month that Mark Goodman & Associates wants to build a 12-story office building at 999 West Wayman Street. Shapack Partners and Focus Development is putting together an assemblage for a large mixed-use project that will include office space near Lake and Halsted streets.

In all, there’s 6.6 million square feet of office space is under construction or in planning in Fulton Market, according to Crain’s. Active Fulton Market developer Sterling Bay alone is building 1.7 million square feet of office space on Green and Morgan streets.  [Crain’s] – Dennis Lynch