CHICAGO—On the heels of its designation as a city landmark, the Fulton-Randolph Market District has a new player ready to start work. Tucker Development, in partnership with Acadia Realty Trust, recently acquired ten buildings located on the 900 block of W. Randolph St. and plans to redevelop the portfolio into a mixed-use shopping, dining, and office hub. The redevelopment, which is slated for completion in the spring of 2017, will include about 90,000 square feet of space, split evenly between retail outlets and offices.
Last summer, the city council approved the recommendation of the city's Commission on Chicago Landmarks to designate most of the 800- to 1100-blocks of W. Fulton Market St., the 900-block of W. Lake St., and the 700- to 1000-block of W. Randolph St. as a landmark district. As a result, commission staff will review building permits related to the buildings' exteriors.
he century-old meatpacking and warehouse district has begun attracting companies such as Google and developers like Sterling Bay, which transformed the former cold storage building at 1000 W. Fulton St. into 1KFulton, the tech giant 's new regional headquarters. Richard Tucker ” he says. “But we also see the opportunity to do more of these types of projects here, as well as ground-up development.The company developed Hudson Lights, a one-million-square-foot, mixed-use community that includes 200,000 square feet of retail, 477 apartments and a 175 key hotel at the entrance to the George Washington Bridge in Fort Lee, NJ. And in Newark, NJ, Tucker developed Springfield Avenue Marketplace, which features 125,000 square feet of retail space anchored by ShopRite, as well as 152 residential apartments.
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