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

[twister244]

Originally Posted by Randomguy34

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......

[lakeshoredrive]

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

[Bombardier]

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/828f0...reenstreetdemo

[SteelMonkey]

Painting blue squares now......

[SamInTheLoop]

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.

[Bombardier]

Originally Posted by SteelMonkey

Painting blue squares now......

Interesting. Are those pickleball courts?

[mh777]

Originally Posted by SamInTheLoop

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.

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

[Randomguy34]

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

[Razorback]

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

Originally Posted by mh777

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

[r18tdi]

Originally Posted by Bombardier

Interesting. Are those pickleball courts?

Oh wow. Maybe?

[gebs]

Originally Posted by r18tdi

Oh wow. Maybe?

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

[SolarWind]

July 10, 2023

[KWillChicago]

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/...courts-chicago

[ardecila]

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

[SolarWind]

July 18, 2023

[LouisVanDerWright]

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

[BuildThemTaller]

Originally Posted by LouisVanDerWright

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?

[ardecila]

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.

[Chi-Sky21]

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.

[Kngkyle]

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