Mark Goodman’s 12-story office tower in Fulton Market gets key city OK

The project is among a slew of office developments in the booming neighborhood

Chicago /
Jul.July 19, 2018 12:15 PM

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

Mark Goodman & Associates secured key city approval for its planned 12-story office tower in Fulton Market, one of slew of office projects in the works for the booming neighborhood.

The Chicago Plan Commission Thursday morning approved the developer’s plan for 310 North Sangamon Street, which would include 225,000 square feet of office space, nearly 8,000 square feet of ground-floor retail, a ninth-floor amenity deck and a rooftop terrace.

The planned $115 million building is being designed by architecture firm SCB, and Cushman & Wakefield will be the broker.

The complex would replace the former Americas propane fueling facility, which has been torn down, and therefore needs a zoning change from light industrial to a mixed-use zoning. The project still needs re-zoning approval and final approval from the City Council.

Retail space in the tower will be about one-third cheaper than nearby space, Goodman said, in response to aldermanic concerns that development in the West Loop is pushing out smaller, “mom and pop” businesses.

Some 6.6 million square feet of office space is in the works in Fulton Market, including 1.7 million square feet on one block alone from Sterling Bay.

Prolific Fulton Market developer Shapack Partners is building a seven-story, 70,000-square-foot office project at 811 West Fulton Street and another office project at 215 North Peoria Street.

And Shapack and Focus Development are planning a massive mixed-use project that would span the area between Halsted and Green streets.


Related Articles

arrow_forward_ios
Foxtrot Market CEO Michael LaVitola and 167 N. Green Street 
Convenience store chain eyes new Fulton Market HQ
Convenience store chain eyes new Fulton Market HQ
Harrison Street Real Estate Capital's Chris Merrill and Fulton St. Companies’ Alex Najem with a rendering of the complex at 1201-1215 West Fulton Street (Fulton St. Companies)
433-unit apartment tower would be among Fulton Market’s biggest
433-unit apartment tower would be among Fulton Market’s biggest
Port of Chicago (BartShore/Wikipedia, iStock)
Big development opportunity on tap at Port of Chicago
Big development opportunity on tap at Port of Chicago
Amita CEO Keith Parrott and the Amita Health’s Lisle headquarters at 2601 Navistar Drive in Lisle (Amita, Google Maps)
Amita Health adds to wave of suburban office subleases
Amita Health adds to wave of suburban office subleases
From left: DL3 Realty’s Leon Walker, Discover’s Roger Hochschild, Mayor Lori Lightfoot, and 8560 South Cottage Grove Avenue. (DL3, Discover, Getty, Google Maps)
DL3 Realty signs Discover to big South Side lease
DL3 Realty signs Discover to big South Side lease
Blackstone’s Jonathan Gray and CenterPoint CIO Jim Clewlow with one of the properties, 225 Spring Lake Drive, Itasca (Getty, Linkedin, Google Maps)
Blackstone expands industrial reach with $151M Chicago buy
Blackstone expands industrial reach with $151M Chicago buy
(Arlington Park, Google Maps)
Churchill Downs looks to sell 326-acre Arlington Park race track
Churchill Downs looks to sell 326-acre Arlington Park race track
Chicago this week raised indoor dining to 40% of a venue's capacity. (iStock)
Filling up: Chicago boosts indoor dining capacity
Filling up: Chicago boosts indoor dining capacity
arrow_forward_ios

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

Loading...