So far as neighborhood transformations go, Fulton Market is approach up there when it comes to starkness of change: the onetime meatpacking, food-processing district has been totally reworked right into a playground of design companies, upscale resorts, buzzy eating places and tech upstarts. If the novel transformation wanted any punctuation, it simply arrived within the type of a mammoth, multimillion-dollar mixed-use growth proposal, reportedly the most important but—if realized—to hit the neighborhood.
As reported by Crain’s, the proposed block-long (!) growth would come with workplace area, a retail element and—say it with us—a boutique lodge. The 24-story growth, which is heavy on dramatic, glassy protrusions (see rendering above) and represents a team-up between builders IBT Group and Lamb Properties, would tower on 1200 block of West Fulton Avenue. The 1.2-million-square-feet venture would reportedly value $500 million.
If such a large-scale growth proposal within the coronary heart of Chicago‘s tech nation has you anticipating the “A” phrase, effectively, you are appropriate: builders informed Crain’s they hope the complicated may play a task in Fulton Market’s potential to deal with Amazon’s HQ2. An individual concerned within the venture stated the location may doubtlessly be included with neighboring properties for a headquarters. (The town and Illinois included Fulton Market as one in all its 10 attainable websites of their bid to Amazon, though considerably ambiguously, as “Fulton Market” encompasses rather a lot.)
Amazon or no, the proposal could be a large one for a neighborhood that reveals no indicators of slowing its whirlwind metamorphosis. (Builders even reportedly stated there’s been chatter of a brand new Metra station, close to Fulton and Ashland, from officers.) The mixed-user would in fact require a zoning change from Ald. Walter Burnett (27th) and a thumbs up from the neighborhood—the latter of which is not at all times a positive factor for giant ambitions within the West Loop/Fulton Market hall. [H/T Crain’s]