More developers are entering Fulton Market and pushing construction activity west of the Fulton/Halsted epicenter. The newest entrant: High Street Residential. The Trammell Crow subsidiary announced plans to build an 18-story apartment tower at Fulton Market's western edge.
The 300-unit project at 1375 West Fulton Market would cost an estimated $150M, Crain's reports. The 39k SF site is a parking lot right now. High Street will pay $2.8M into the City's Neighborhood Opportunity Fund to secure the necessary zoning change, and set aside 30 units for affordable housing under the TOD Ordinance.
Fulton Market's development is slowly moving west as developers enter the submarket seeking shares of the pie. Sterling Bay, one of the major agents of change in the neighborhood, is leading the charge with its Fulton West development. Other property owners have taken notice; Leslie Hindman Auctioneers retained CBRE to market its HQ to potential buyers. [Crain's]
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