Work Scheduled to Begin on Fulton Market Streetscape Project Next Month
Posted by Leo Clark. on
Chicago’s Fulton Market has seen all sorts of new development in recent months, including everything from major commercial projects to boutique-style hotels that are completely transforming this part of the city into a trendy place to live, work, or simply visit. Â
Along with many who already call Fulton Market home, the city of Chicago has also taken notice in the neighborhood’s ongoing transformation, which is why it’s planning to invest nearly $20 million into a streetscape project that should help boost the area’s already rapidly growing appeal. Â
According to a release, the project would involve adding new pavement and cobblestone to select intersections, as well as improving street lighting and adding more pedestrian-friendly upgrades all…
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Chicago’s latest apartment boom has captured a lot of headlines in recent months, and it’s hard to argue that the prices at many of these fancy new luxury buildings have raised some eyebrows over that same time span as well, especially as more and more units continue to be developed at a level that some might say has reached over saturation. But according to recently released numbers, many of us looking for an apartment in Chicago right now are actually pretty fortunate given the Windy City ranks well below many other major cities in the country from an affordability standpoint.  
When it comes to luxury real estate in downtown Chicago, historic brownstones, grey stones, and row homes in the Gold Coast are undeniably among the most expensive properties you’ll find on the market.Â
West Loop residents who are less-than-thrilled with how dense the neighborhood is becoming were recently presented with a revised plan to redevelop a site at 845 W. Madison. And while the original plan called for 627 units, the new version would still add 586 luxury rentals to the West Loop landscape, as well as 14 townhouse, 293 parking spaces, and about 10,000 square feet of retail space.Â
Residential development around The Loop has certainly picked up in recent months, but that certainly isn’t slowing down commercial development within Chicago’s primary business and financial district. Just this week, plans for a pretty sweet looking loft-style office building, which if approved, would be developed at 145 S. Wells.Â
Despite being one of the newest condo buildings to be developed in the Gold Coast, 4 E. Elm is already almost entirely sold out. According to the building website, and what’s currently listed on the MLS, just 4 units remain at this high-profile project, leaving very few opportunities for potential buyers who love what this amazing new development has to offer.Â
As first reported by the Chicago Tribune, ground has officially been broken on Essex on the Park, a high-profile new apartment tower located at 808 S. Michigan Avenue in the South Loop. But as impressive as this new 479-unit tower looks, it’s not the only major project underway around this part of the neighborhood. Â
Two impressive new renderings have just been released that would totally change downtown Chicago’s skyline if either of the two happen to be built. According to last night’s article in the Tribune, architect Helmut Jahn has submitted one such design for the redevelopment of the James R. Thompson Center—a building that Governor Bruce Rauner wants the state of Illinois to sell to a major developer who would build something much bigger at its prime location at Clark and Randolph street in the heart of the city’s bustling business and financial district.Â
With the issuing of a permit that will allow Florida-based Dolce Living Communities Residential to convert a vintage office tower into stylish new apartments and additional ground level retail space, the Loop’s on-going transformation into one of the hottest places to call home in downtown Chicago seems to be pushing forward as we navigate the first month of 2017.