Interra Realty venture plans Fulton Market condo project

A venture led by Interra Realty wants to build a six-story condo project in Fulton Market, joining a wave of proposed condominium developments in the greater West Loop.

The building would include nine condos over 3,800 square feet of commercial space on the site of a parking lot at 1123 West Randolph Street, according to Block Club Chicago.

Chicago-based Interra and Moline-based Heart of America Group are seeking a zoning change for the project. The duo is also looking to secure a transit-oriented development designation, which would require them to build fewer parking spaces. It is not the first project the two companies are working on together. They’re also planning to convert a vacant four-story factory at 2065-71 North Southport Avenue into 56 apartments and 38,000 square feet of commercial space.

Their Fulton Market condo project would be the latest to sprout in a West Loop area up until now dominated by rentals, including Related Midwest 36-story condo tower at nearby at 170 North Peoria Street.

Chicago developer ZSD is proposing a 25-unit building between Peoria and Green streets, New York-based JK Equities plans a 42-unit building at 1400 West Monroe Street, and work has started on the 32-unit Eveq condo complex at 14 North Bishop Street from a venture tied to Chicago Pipefitters Local Union 597.

Sulo Development, meanwhile, recently signed its last sales contract in the 28-unit Hayden West Loop building and now plans an 18-story building with 73 condo units at 19 North May Street.

[Block Club] — John O’Brien