North Park Ventures eyes 19-story hotel and office complex in Fulton Market

Chicago /
Jul.July 25, 2019 03:09 PM
North Park Ventures Managing Partners Robert Sekula and Eric Turrin with Lake Street in Fulton Market (Credit: Google Maps)

North Park Ventures Managing Partners Robert Sekula and Eric Turrin with Lake Street in Fulton Market (Credit: Google Maps)

North Park Ventures is looking to get in on the Fulton Market office — and hotel — bandwagon with a 19-story building near the gateway to the neighborhood.

The Chicago developer filed permits to demolish a row of buildings in the 800 block of West Lake Street and replace them with a 228,000-square-foot structure, according to Crain’s.

North Park managing partner Rob Sekula declined comment to Crain’s on the breakdown of office vs. hotel space in the building.

Hundreds of new hotel rooms are either proposed or in the works in Fulton Market, to go with the millions of square feet of office space in the pipeline in the neighborhood.

The North Park building would be across the street from the 750,000-square-foot office complex that Shapack Partners is building at 167 North Green Street, and about a block from the 200-key hotel proposed this week by FitzGerald Associates Architects.

North Park previously developed apartments in Lakeview and elsewhere on the North Side, but this would be its first Fulton Market project. [Crain’s]John O’Brien


Related Articles

arrow_forward_ios
Sterling Bay’s Andy Gloor (right), JPMorgan’s Jamie Dimon and 370 North Carpenter Avenue in Fulton Market, one of two properties the companies are selling. (Sterling Bay; Getty; Google Maps)
Sterling Bay and JPMorgan test appetite for redevelopment
Sterling Bay and JPMorgan test appetite for redevelopment
Chicago’s Downtown office market hit new lows in Q4, with sublease availability pushing past 5.4 million square feet. (iStock)
Chicago’s Q4 office market report was grim tally
Chicago’s Q4 office market report was grim tally
Marc Realty’s David Ruttenberg and 311 N. Sangamon Street in Fulton Market (Google Maps)
Marc Realty plans another big hotel in Fulton Market
Marc Realty plans another big hotel in Fulton Market
Thomas Roszak, at left, is co-founder of Moceri + Roszak. Michael Moceri, at right, is the son of Daniel Moceri, the other co-founder. All three are involved in the latest project.  (Sterling Bay)
Moceri + Roszak founders plan 383-unit Fulton Market tower
Moceri + Roszak founders plan 383-unit Fulton Market tower
110 N Carpenter Street in Fulton Market (Photo via Sterling Bay)
Sterling Bay, JPMorgan near deal to sell McDonald’s HQ for $430M
Sterling Bay, JPMorgan near deal to sell McDonald’s HQ for $430M
300 North Elizabeth Street with John and Stephen Calk (Google Maps, Federal Savings Bank, Getty, iStock)
Federal Savings Bank is leaving Fulton Market but not Chicago
Federal Savings Bank is leaving Fulton Market but not Chicago
1100 W. Fulton Market (Courtesy of Fulton St. Co.)
$40M building could break Fulton Market records
$40M building could break Fulton Market records
Hamid Moghadan and 455 N Ashland Ave (Credit: Google Maps)
Prologis buys warehouse near Fulton Market District
Prologis buys warehouse near Fulton Market District
arrow_forward_ios

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

Loading...