Thor scales back plan for spec office project at Fulton Market gateway

The New York firm trimmed 2 floors off its new office building at 800 West Fulton

Chicago /
Mar.March 14, 2019 04:00 PM

Thor Equities’ Joe Sitt and a new rendering of 800 W. Fulton Market. (Credit: Skidmore, Owings & Merrill (SOM) via Curbed)

Thor Equities shaved two floors off its planned spec office building at the gateway to Fulton Market, and said it hopes to start work this summer.

The New York-based firm originally planned a 20-story office complex with ground-floor retail at 800 West Fulton Street, but reduced it to 18 stories after closed-door discussions with neighbors, according to Curbed.

The new design from Chicago-based Skidmore, Owings & Merrill features multiple setbacks and terraces as it rises to its new height next to a slightly taller 19-story building that Sterling Bay is building.

Thor acquired most of the parcels for the project in 2016 for $36 million, then spent another $20.4 million last year assembling the rest of the block.

Thor’s proposal still requires a zoning change. If granted, work could begin this summer and take one year and four months to complete.

The firm is building another office project on the next block at 905 West Fulton Street, where snack maker Mondelez International in January announced it will move its global headquarters[Curbed]John O’Brien


Related Articles

arrow_forward_ios
A photo illustration of the Cité restaurant in Lake Point Tower (Facebook/Cité, Getty Images)
Bankrupt Cité restaurant owned by ex-NY first lady sold for $4.15M
Bankrupt Cité restaurant owned by ex-NY first lady sold for $4.15M
Elgin Mall (Google Maps, Getty Images)
Suburban Chicago shopping center sold to private investor
Suburban Chicago shopping center sold to private investor
Cresa’s Greg Schementi (Getty Images, LinkedIn/Greg Schementi)
Cresa’s Greg Schementi on why most brokerages have a “conflict of interest”
Cresa’s Greg Schementi on why most brokerages have a “conflict of interest”
Metonic Real Estate Solutions' Bob Dean with 217 North Jefferson Street (Metonic Real Estate Solutions, LoopNet)
Swiss buyer drops $21M on Fulton Market offices
Swiss buyer drops $21M on Fulton Market offices
Shaya Prager with Highland Landmark II and Corporate 500 (Photo-illustration by Paul Dilakian/The Real Deal)
Shaya Prager takes on the Windy City
Shaya Prager takes on the Windy City
Rendering of the Hemmens Cultural Center (City of Elgin, Getty)
Elgin plans $6M expansion of Hemmens Center
Elgin plans $6M expansion of Hemmens Center
Sundar Pichai (Illustration by The Real Deal with Getty Images)
Could Google reverse Chicago’s CRE brain drain?
Could Google reverse Chicago’s CRE brain drain?
Sterling Bay's Andy Gloor and rendering of 360 North Green Street (Sterling Bay, 360 North Green Street, Getty Images)
Sterling Bay gets $206M of financing for Fulton Market office project
Sterling Bay gets $206M of financing for Fulton Market office project
arrow_forward_ios

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

Loading...