Chicago's Fulton Market District continues to outshine the rest of the city's downtown, and Shapack Partners and CRG just joined a lengthening line of developers to unveil ambitious new plans for the neighborhood.
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The pair will turn the former site of Bridgford Foods’ 156K SF processing plant at 170 North Green St. into a 40-story mixed-use development, one of the tallest buildings yet proposed for the once-industrial area, according to a report in Crain’s Chicago Business.
The Anaheim, California-based Bridgford, a beef jerky and sausage maker, moved its operations to a new Back of the Yards facility after CRG, the development arm of Clayco, finalized a $60M purchase of 170 North Green St. in 2020.
The developers will submit a zoning application to the city council this week, outlining a plan for 275 apartments, along with offices, a hotel and other uses, according to Crain’s. Bridgford once envisioned taking advantage itself of Fulton Market’s rise. It proposed placing a 17-story apartment building on the site — a plan approved by the city in 2017 — but ultimately, Bridgford decided to simply sell.
Shapack Partners and Clayco are already quite familiar with Fulton Market and its potential. Along with Focus, Shapack developed a 750K SF office building at 167 North Green St., across the street from the Bridgford plant. And Clayco was the contractor for Fulton East, a 90K SF, 12-story office tower in Fulton Market at 215 North Peoria St., less than two blocks away and developed by Parkside Realty.
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