Thor Equities Enters $100 Million-Plus Deal for Biggest Development Site Left in Chicago’s Fulton Market
Quote:
A New York-based developer has a deal to buy the largest remaining development site in Chicago’s Fulton Market district, which in recent years has emerged as the nation's fastest-growing urban office market.
Thor Equities has a contract to buy the 2.7-acre site along Peoria and Wayman streets and train tracks on the northern edge of the former meatpacking district for more than $100 million, according to people familiar with the deal.
Thor Equities is considering building multiple towers on the site, which could include a mix of office and residential space, according to one of the people familiar with the deal. Current zoning for the site allows more than 1.3 million square feet to be built on the vacant land, and Thor could seek additional density from the city.
Damn. If this goes through, then I'll be really curious as to what they can build. That's a pretty good sized plot of land right near other developments of theirs.
All credit goes to the photographer. I'd seen their posts before but definitely earned a follow from this update.
And yes, this is part of Big Deahl! I'm a big fan of how this tower is turning out, especially the color of the cladding. Much classier than some recent examples around the city.
A proposed amendment to Residential Planned Development No. 1551 (PD No. 1551), submitted by DK Chestnut LLC, for the property generally located at 330 West Chestnut Street. The applicant proposes to amend PD No. 1551 to construct a 125’ - 8" tall residential building containing approximately 128 dwelling units and 11 parking spaces. A 2.86 FAR (Floor Area Ratio) bonus will be taken and the overall FAR of the planned development will be 7.86.
Has anyone else seen the video and renderings IBT Group created for 1200 W Fulton Market? I came across this recently. It's a very highly produced video and also contrasts quite a bit from the pencil sketch we're used to seeing.
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