LG Development is looking to get in on the Fulton Market building craze with plans for an office and a hotel complex in the booming West Loop neighborhood.
The Chicago-based developer is seeking approval to construct a 21-story office building and a 17-story hotel, and renovate a historic manufacturing building on a stretch of land along Aberdeen Street between Fulton Market and Lake Street, according to Crain’s.
The office building would rise at 210 North Aberdeen Street, just south of the historically significant Arthur Harris steel manufacturing facility. LG would renovate the manufacturing center into a 5,800-square-foot food hall, according to Crain’s.
The hotel would rise at 215 North May Street and include 187 rooms. It could be the first local hotel operated by Dream Hotel Group, an upscale chain with locations in New York, Miami and elsewhere, Crain’s reported
Combined, the hotel and office would 440,000-square-feet of new development in Fulton Market, which has seen an explosion of office, hotel and residential building in recent years.
LG has worked on a number of commercial rehab and redevelopment projects in Fulton Market. The office and hotel projects would be the firm’s first ground-up developments in the neighborhood, according to its website.
LG is working to build a 166-unit rental complex just south of Fulton Market on the Near West Side. It also recently broke ground on its 109-unit rental project next to the 606 trail in Bucktown, a development that LG recently took over from GW Properties. [Crain’s] — Joe Ward