Construction has broken ground on a new office development in Fulton Market, Chicago. Undertaken by Fulton Street Companies and JDL Development, the project marks Chicago’s first major new office development to commence construction in over a year.
Harrison Street Real Estate Capital’s headquarters will be housed in the 400,000-square-foot mixed-use structure. The 11-story structure will house the corporation in 112,000 square feet. Moreover, Gibsons Restaurant Group will occupy 15,500 square feet of the intended retail space on the main floor. Further, an underground parking level will feature 65 parking spots.
The building was designed by Morris Adjmi Architects and FitzGerald. It has a facade that was created to integrate into the historic surroundings. Furthermore, it rises with a succession of notches and setbacks to minimise its visual impact on the historic Fulton-Randolph Market District. Originally intended to link to the residential building at 910 W. Lake and convert it into more office space, the project’s altered scope will leave the present building as apartments owing to increased demand for residential.
More details on the Fulton Market office
The project is targeting WELL and LEED Silver certifications for air quality, material choices, energy efficiency, wellness, and environmental impact. The final building’s location will be 217 N Sangamon, with two lobbies. One on Sangamon and one linking access between Fulton and Lake streets.
The work is planned to be finished in 2025, with Skender acting as the general contractor. Additionally, strategic collaborations with Bank OZK and Manulife Investment Management provided financial support for the project. As the primary equity investment partner, SNK Capital played a critical role.
“We have assembled the very best organisations and companies, led by exceptional people, to remind the world that we can – and will – continue to build in downtown Chicago,” said Lex Najem, Founder and CEO of Fulton Street Companies.