As commercial development continues to transform Chicago’s West Loop and Fulton Market neighborhoods, developers are also planning more apartments to serve what will inevitably be a substantial influx of people wanting to live nearby.
According to a recent report from Crain’s Chicago Business, Naperville-based Marquette Cos. is planning a 263-unit apartment building for a site over on the southwest corner of Lake and Ada streets, which happens to also lie just a block north of Chicago’s famed Restaurant Row.
Should the project move forward, the building will reportedly be designed by Brininstool & Lynch and stand 10 stories high once finished. As noted in the Crain’s piece, developers love the location of Lake and Ada, which feels slightly less busy and will provide eventual residents with easy access to both Ogden and the expressway, which of course has huge upside for anyone who plans on commuting outside the West Loop. But with plenty of new West Loop projects already in the works, and with developers planning to deliver 8,000 new apartments all across Chicago over the next two years, Marquette’s latest Fulton Market apartment proposal certainly won’t come without competition right nearby.