Marc Realty plans another big hotel in Fulton Market

Developer wants to build 296-key property; would add to 250-key complex eyed nearby

Chicago /
Nov.November 23, 2020 02:53 PM
Marc Realty’s David Ruttenberg and 311 N. Sangamon Street in Fulton Market (Google Maps)

Marc Realty’s David Ruttenberg and 311 N. Sangamon Street in Fulton Market (Google Maps)

Developer Marc Realty Capital wants to build a 296-key hotel in Fulton Market. It would be the second hotel project the company is eyeing in the trendy neighborhood.

Marc Realty and investor Relu Stan have filed plans for the 14-story hotel at 311 North Sangamon Street, according to Block Club. The location is now Fulton Market Kitchen.

The plan incorporates a landmark building at 310 North Peoria Street — a warehouse built in 1893 for a meatpacking supplier — and calls for 6,000 square feet of retail and office space.

Last year, Marc Realty released plans for a 250-room Standard Hotel at 1234 West Randolph Street, less than a mile away. Other projects planned for Fulton Market include a 240-room Equinox Hotel from Related Midwest at 725 West Randolph Street, and North Park Ventures’ 476-key hotel at 800 West Lake Street. All the proposals will need to earn the support of local Alderman Walter Burnett Jr.

Covid-19 has decimated Chicago’s hotel industry — as it has across the U.S. — costing about 12,000 hospitality jobs in the city as of September, the Chicago Sun-Times reported recently. Once travel and tourism resume, labor organizers say the city should help workers get their jobs back. [Block Club] — Orion Jones


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