RCG Longview and CLK Properties want to build a nine-story office complex on the southern end of Fulton Market as the two firms look to expand their footprint in the neighborhood.
The two New York developers want to transform a three-story building from the 1930s at 1230 West Washington Boulevard — now a storage facility — into the larger office project by adding a glass structure around it, according to Crain’s.
RCG and CLK paid $13.5 million for the property last year, according to Cook County records. The proposed 160,000-square-foot office project would tie in with the existing three-story structure, and other low-rise buildings along Washington to west would be demolished to make way for it.
The companies together own other commercial buildings in Fulton Market that they acquired from Chicago-based Cedar Street in 2015, including 327 North Aberdeen Street and 1144 West Fulton Street. And CLK owns about 30 apartment buildings in the city.
They are among a slew of firms making Fulton Market a major draw for new development in the city, including Sterling Bay, Shapack Partners, McCaffery Interests, and Mark Goodman & Associates. [Crain’s] — John O’Brien