- Credibility:
DOWNTOWN— A 19-story, 300-foot-tall brick-and-glass office tower at the Fulton Market gateway is heading to City Council next month after sailing through the city’s Zoning Committee Tuesday.
After clearing both the Department of Planning and Development and the Zoning Committee, the proposal heads to City Council on May 20.
Thor Equities’ proposed $95 million building at 800 W. Fulton Market will bring new office and commercial retail space, along with 32 parking spots.
Thor Equities will pay $3.96 million into the city’s Neighborhood Opportunity Bonus Fund, a program that allows developers to build bigger and taller projects in an expanded Downtown area to support commercial projects in blighted neighborhoods.
According to the city, the project will generate 1,800 permanent jobs.
Neighbors have been worried about pedestrian safety and traffic the new buildings would generate in the increasingly crowded neighborhood.
Despite some community opposition, the project has garnered support from Ald. Walter Burnett Jr. (27th), who previously told Block Club Chicago the project addressed community concerns and would generate job opportunities for the neighborhood.
Related: West Loop Neighbor Groups Split On 18-Story Office Tower At Fulton Market Gateway
Just north of the tower, developer Sterling Bay is constructing three office towers north of the proposed Thor Equities tower — a 20-story building at 330 N. Green St., a 19-story building at the old Coyne College parking lot, 333 N. Green St., and a 21-story building at 360 N. Green St.
If approved by City Council, construction on the building could begin this summer.
