The Real Deal Chicago

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
March 14, 2019 04:00PM

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