Thor Equities plans 20-story office building at Fulton Market gateway

The project would fill an entire block and include 350K sf of office plus retail component

Oct.October 05, 2018 09:00 AM

800-810 West Fulton Street and Thor Equities’ Joe Sitt (Credit: Google Maps)

Thor Equities wants to build a 20-story office complex with ground-floor retail at the gateway to Fulton Market, adding to a flood of office inventory in the neighborhood.

The 400,000-square-foot building would cover an entire block bounded by Fulton, Green, Wayman and Halsted streets, according to Crain’s.

Thor took ownership of the last piece of the parcel when it paid $8.1 million for 306 North Halsted Street several weeks ago. It acquired most of the buildings in 2016 for $36 million, and another group of them this year when it paid $12.3 million for the former Isaacson & Stein Fish properties at 800-810 West Fulton Street.

Chicago developer Sterling Bay is planning a 19-story building next door to the Thor site at 333 North Green Street, one of three structures it’s adding to the block of Green. Those will add a total of 1.7 million square feet of office to a neighborhood with 6 million square feet of office in the pipeline.

Thor, which also owns the Palmer House Hilton in the Loop, has shed several other Loop properties in recent months as it has turned its attention to Fulton Market, where it also owns buildings in the 900 block of Fulton, the 200 block of North Peoria Street and the 1200 block of Randolph Street. [Crain’s] — John O’Brien


Related Articles

905 West Fulton Market and DineAmic founders David Rekhson and Lucas Stoioff (Credit: Thor Equities)

Prime & Provisions owner inks lease for new restaurant in Fulton Market

500 West Monroe Street and Spear Street Capital founder John Grassi (Credit: Google Maps)

Downtown office tower trades for $412M

Renderings of Millennium on LaSalle  

This office-to-luxury rental deconversion just got a big loan

Thor Equities CEO Joe Sitt and a rendering of 800 West Fulton Market (Credit: SOM)

Thor Equities lands $144M construction loan for new tower

Flexport CEO Ryan Petersen and 333 N. Green Street (Credit: Getty Images, Sterling Bay)

Sterling Bay inks tech firm to latest lease at Fulton Market HQ

Chicago Skyline (Credit: iStock)

Windy City’s real estate blown away by other cities

President Donald Trump, Trump International Hotel & Tower 401 N. Wabash Avenue and Cushman & Wakefield CEO Brett White (Credit: Getty Images, Cushman and Wakefield)

Trump Tower has new leasing broker for failing retail space

From left: 932 West Randolph Street, 1020 West Lake Street and 1020 West Randolph Street (Credit: Google Maps)

Still hungry: L3 Capital adds to Fulton Market buying binge