CHICAGO | 170 N. Green (One Fulton Market) | 480 FT | 37 FLOORS
 

Lamar Johnson Collaborative Architects
275 units
150 hotel keys

https://uniim1.shutterfly.com/render/00-...G9A?cn=THISLIFE&res=medium&ts=1665288654

https://uniim1.shutterfly.com/render/00-...MG9A?cn=THISLIFE&res=large&ts=1648082065

https://uniim1.shutterfly.com/render/00-...cOgg?cn=THISLIFE&res=large&ts=1648082060

https://uniim1.shutterfly.com/render/00-...PWWw?cn=THISLIFE&res=large&ts=1648082070

https://uniim1.shutterfly.com/render/00-...ufg?cn=THISLIFE&res=medium&ts=1643140432

From the highrise thread:

Hey, I guess we should be really very thankful Lucien Lagrange couldn't get his hands on this in time!

Any timetable on when this will break ground?

January 24, 2023

^ Interesting. We haven't seen many of those around these parts, have we? It's typically the truck-mounted variety.

At any rate, folks wondering what's going on with groundbreaking here. CRG (and Shappack in a JV, though my assumption is that in terms of the actual developer here, this is mainly a CRG joint - correct me if someone has deets on structure) must be having a real challenge landing financing because of the office component. I've been wondering about this....do they make it a phased development now instead? Financing for spec office is really scarce right now, and of course quite a bit more expensive than it was not all that long ago (and let's be honest, the standard in Chicago has long been - even in 'easy' debt capital times - you land an anchor tenant, then you land your financing. There may be exceptions, but they are exceptions.

Anyone know why the small prep work on the site last 2 days?

I don't think there's anything going on? I see one small Earth mover, but no other indications of movement, unless someone knows differently.

https://live.staticflickr.com/65535/52996488284_08126f8658_k.jpg

https://live.staticflickr.com/65535/52996345856_c5a7d57cfa_k.jpg

I'd be cool with a redesign on this one. The central location would be a great spot for West Loop's first supertall

I'm so excited to see this thing built!

It'd be awesome if the West Loop could get a supertall within the next 10 or so years when the place fills in.

Strange. Appears they are now paving a portion of the lot per the webcam.

https://app.oxblue.com/cameras/828f070371a13cb32c6866403b1d7fd6?openlink=clayco/greenstreetdemo

I had a feeling that steamroller was up to no good

It certainly doesn't scream "Imminent Groundbreaking" lol

Heard some unconfirmed scuttlebutt about a new JV partner taking a hard look at this one.
If true, I wouldn't be surprised if we saw a redesign in the not too distant future.

lol. Wtf...

This is why I continue to be skeptical of any additional groundbreakings of ANY highrises in the city that are anything but purely residential or hotel units. There's still a demand for more people to move into rental units as people still see Chicago as an amazing place to live. Same goes with hotel units. However, anything involving office space right now, to me, is automatically put into the "I'll believe it when I see it" category.

Isn't this hotel + residential? That's what it says in the first post.

Damn, I really liked this design, unless it gets taller and prettier (obviously not holding my breath) they should just leave it as is.

350,000 square feet, about half of the total space, is dedicated to office

Which is probably why it's being re-evaluated right now......

Maybe the developer will change their mind and build a thousand footer instead. One can dream! haha

I wouldn't get too excited about this project. They paved over half the project site this week. Maybe they'll wait out the current high interest rates and challenging financing by turning this into a surface lot. I don't see any other reason they would pave it.

https://app.oxblue.com/cameras/828f070371a13cb32c6866403b1d7fd6?openlink=clayco/greenstreetdemo

Painting blue squares now......:shrug:

This is/was office+residential+hotel(+ some retail as well) That 350k sf of office sounds about right, although that was definitely less than half overall project sf.

Regardless, thoroughly mixed use projects such as this are typically meaningfully more challenging to pull off than single/primarily single use projects, even in stable financing and market fundamental conditions. Throw in what's happened with interest rates and capital availability in general (but most acutely felt for office) as well as what's happening in the office leasing market, and it's made pulling this project off that much more difficult.

Will be interesting to see what's happening over at 917 W Fulton - if that is actually moving forward near term, clearly that deal with Harrision Street was finalized (and perhaps another office tenant?). I believe that developer may have put together 1 or 2 deals for the retail space as well, but not 100% certain.

Interesting. Are those pickleball courts?

Sounds like 917 is moving forward. Doms & Gibsons are the retail tenants.

^ 917 has pending permits listed under the address 217 N Sangamon

It's also been reported Gibsons Restaurant Group will lease space at 917.

Oh wow. Maybe?

Just took the train over it this morning, and yes, I am 90% sure those are 6 or so pickleball courts.

July 10, 2023

It's kind of confusing why they would only pave one strip of the lot for the sport unless it's for a pop-up tournament or something. But apparently Chicago's lacking in courts.

https://www.axios.com/local/chicago/2023/06/14/pickleball-courts-chicago

Those courts are gonna just bake in the sun, with zero greenery around for blocks. Hard pass from me...

July 18, 2023

I'm sorry but trends like this are so stupid. Pickleball? Really?

Why are we angry about pickleball? What did pickleball ever do to you?

It's not for me, but seems like a clever way to make some money from the land while they wait to put the bigger deal together.

Sure beats the hell out of a 'temporary' parking lot. Fortunately the landscape and stormwater ordinances have largely discouraged "temporary" parking lots since the requirements to do parking are now pretty expensive. Weirdly, Sterling Bay did one at 360 N Green, landscape and all, and it only lasted a few years.

Why wouldn't you want to activate what looks like otherwise would be a vacant space? That is a lot of courts. Gets people out, they play , they probably go out to eat or drink around there after.

I applaud them for making the site usable for something other than parking or collecting garbage while waiting for financing/leasing to come through.

Pickleball Pop-Up Opening in Fulton Market

So is this even a proposal anymore then? 40 courts by Spring suggests this thing isn't getting off the ground anytime soon.....

I have a feeling the project is on ice or dead

Cool with waiting for projects to fill in and induce demand for a taller and better looking tower for this site. Again, it's a premiere location for a WL supertall

Definitely not dead, but the timeline is TBD.

September 7, 2023

Who has access to those pickleball courts? I assume they must be rented?

Let me google that for you.

https://www.chicagocitypickle.com/fulton-market

https://live.staticflickr.com/65535/53206085715_4a4c55f0e8_c.jpg

Is this another one of those "Bring your kids this weekend to checkout construction equipment" events, or is there some teeth to earth moving equipment being onsite? Just snapped this......

Woah is this happening?