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Fulton Market's development activity is fast pushing west as developers race to acquire land on which to build, and the dwindling number of meatpackers who still call the neighborhood home are finding gold in their buildings and sites. The latest meatpacker looking to score a Fulton Market payday will not even have to leave the area, according to Crain's Chicago Business.
ATK Foods hired SVN | Chicago Commercial to market a 25K SF site at 1150 West Lake St. to buyers. The site sits between May and Racine streets and is three blocks away from the Mogran Street 'L' Station, making this an attractive transit-oriented development opportunity in the right hands. ATK's HQ is at 1143 West Lake, but the company has no plans to move. There is no set asking price for the site, but considering the demand for available land in Fulton Market, it will likely command top dollar and interest from developers.
Land in Fulton Market's eastern half is more scarce and developers like Sterling Bay and Shapack Partners have shifted into sell mode there. But Sterling Bay, McCaffery Interests, Marquette Cos., Dayton Street Partners and High Street Residential are all planning developments west of Morgan Street in what has been dubbed Fulton West.
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