Marquette Companies is planning three residential buildings on the western end of Fulton Market, joining a flurry of development and investment activity on the edge of the trendy neighborhood.
The largest will be a 21-story, 252-unit building at 1400 West Randolph Street, according to Crain’s. The two shorter buildings will total 260 residential units and be located at at 1436-50 West Randolph Street, according to the report.
The complex would join a 14-story, 263-unit luxury apartment building Marquette just completed a block east at 180 North Ada Street.
Marquette’s newest project would straddle Ogden Avenue, the western boundary of Fulton Market. But the city is mulling a zoning change that would push that boundary a few blocks west to Ashland Avenue and open up more land to the kind of explosive development that’s transformed the neighborhood to the east.
Last Month, Dallas-based Trammell Crow secured a $92 million construction loan for a 14-story spec office building nearby at 1375 West Fulton Street. The firm originally planned an 18-story apartment complex on the site but changed plans after analyzing the market in the area.