Akara Partners Unveils Fulton District Project

CHICAGO—The collection of derelict, slate-grey buildings on Milwaukee Ave. had sat unused for years, sources of irritation to the growing number of upscale neighborhood residents and objects of curiosity to passers-by. But Akara Partners, a Chicago-based real estate firm has unveiled its plan for the Fulton River District site on the 500 block of N. Milwaukee Ave., which it purchased late last year. In place of the vacant buildings, the company will construct a two-building, 270,202-square-foot apartment complex.

The new complex will have 227 apartment units, 14,000-square-feet of street-level retail space and 102 parking spaces at the northwest corner of Milwaukee and Grand Ave. Pappageorge Haymes Ltd. designed the project, which includes a four-story building on the corner totaling 55,074-square-feet and a 14-story building on the other side of Green St. with 215,128-square-feet.