Construction Starts on Fulton Market Mixed-Use High-Rise
The property, which will feature more than 450,000 square feet of office space, public amenities, retail and food and beverage outlets, will occupy a full city block, bounded by North Green, West Fulton Market, Wayman, and Halsted streets in the Chicago West Loop neighborhood.
CHICAGO—Joint venture partners Thor Equities of New York City and QuadReal of Vancouver broke ground last week on its 19-story mixed-use 800 W Fulton development in the historic Fulton Market District here.
The property, which will feature more than 450,000 square feet of office space, public amenities, retail and food and beverage outlets, will occupy a full city block, bounded by North Green, West Fulton Market, Wayman, and Halsted streets in the Chicago West Loop neighborhood. The project at 800 W. Fulton Market is targeting both LEED Platinum and the WELL Building Standard certification. 800 W Fulton is scheduled to open in the spring of 2021.
“We are thrilled to begin construction on 800 W Fulton, one of the most highly anticipated new developments in Fulton Market,” says Thor Equities COO Melissa Gliatta. “Perfectly fusing together Fulton Market’s past and present, the project places an emphasis on sustainability and features a distinctive look that is representative of the district’s historic past.”
The developer notes that the mixed-use building’s design includes a distinctive varied façade that cascades down to match the existing street level. The stepped terraces allow the tower to gracefully address the scale of Fulton Market Street, maintaining a consistent eye line and achieving a slender tower profile.
Officials with Cushman & Wakefield and project designer Skidmore, Owings & Merrill, were also on hand for the official groundbreaking ceremony last week. The project was dedicated by Chicago Alderman Walter Burnett, Jr., (Ward 27) along with executive leadership from the groups involved in the project.
Jack McKinney, Jr., managing director, Cushman & Wakefield, who is handling office leasing for the property, says that the brokerage firm has seen tremendous interest in the property prior to the project breaking ground.