Chicago Developer Planning More Than 1,000 Apartments For Fulton Market

Posted by Leo Clark. on Saturday, May 1st, 2021 at 3:33pm.

Fulton Market New ConstructionMore than 1,000 new apartments could be coming to Fulton Market. A Chicago developer is backing off on original plans to construct a new office building in the area, and instead reportedly plans to add more apartments to the former meatpacking district.

Prior to the pandemic, plans had called for an 11-story office building in the middle of Fulton Market. The plan has now switched to a 20-story apartment building with 179 residential units on the north side of Lake Street.

That’s in addition to a more than 480-unit apartment building the developer had already proposed for the south side of Lake Street. In addition, the same developer is looking at nearly 400 additional apartments for a separate project about a block away.

A few months ago, city leaders lifted a ban on new residential development north of Lake Street in Fulton Market. The idea was to try and generate new development as the pandemic raged on.

Another developer has also recently submitted plans for a 32-story apartment tower in the neighborhood. That proposal could mean more than 400 new apartments.

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