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Thor Equities Goes Vertical On Fulton Market Redevelopment

A rendering of Thor Equities' 905 West Fulton Market

Construction of 905 West Fulton Market, Thor Equities' redevelopment of four Fulton Market buildings into nearly 109K SF of office and retail mixed-use, is moving along at a fast clip. The New York-based firm started above-ground construction on the redevelopment, three months after construction began.

Located at the corner of Fulton Market and North Peoria Street, 905 West Fulton will integrate a historic five-story facade with contiguous floor plates and over 300 feet of retail frontage.

The project is a redevelopment of four buildings: 816-820 West Fulton Market, 216 North Peoria and 226 North Peoria, which Thor Equities purchased for $36M in December 2016. The firm is razing the Fulton Market buildings and restoring the Peoria Street properties.

Thor Equities also purchased the Morreale Meats portfolio at 800-810 West Fulton from R2 Cos. for $12.2M in April. This gives the company control of a block-long stretch of real estate next to Fulton Market's gateway entrance. That area is now a hotbed of construction activity. Sterling Bay is redeveloping the former Coyne College campus around the corner into three office towers. Shapack Partners recently completed 811 West Fulton, across the street from 905 West Fulton. Shapack landed Knoll as the anchor tenant for the building, luring the legendary design firm to Fulton Market from Merchandise Mart.

Thor Equities expects construction to be completed in early 2019.