FULTON MARKET — A developer is set to pitch neighbors this week on a plan for a 14-story hotel in Fulton Market.
Chicago-based Marc Really and investor Relu Stan will unveil plans for a 296-room hotel at 311 N. Sangamon St. during a virtual community meeting 6 p.m. Thursday. To watch, go here. The meeting is being hosted by Ald. Walter Burnett Jr. (27th) and the West Loop Community Organization.
As part of the proposal, the development team wants 6,000 square feet of retail and office space. There would be no on-site parking, according to a zoning application filed with the city earlier this year.
If approved, the 149-foot-tall hotel would replace the Fulton Market Kitchen restaurant.
As part of the development, the team aims to preserve and incorporate an adjacent four-story building at 310 N. Peoria St. The building formerly housed the Wolf, Sayer and Heller meatpacking and butcher supply company.
If approved, the project would join SoHo House, the Hoxton, Hyatt House, Ace and Nobu hotels in the neighborhood, which is seeing a boom in hotel projects.
Other hotels in the pipeline include a 259-room Standard Hotel planned for 1234 W. Randolph St., a 240-room Equinox Hotel at 725 W. Randolph St. and 476 guest rooms spread across two yet-to-be-announced brands headed for 800 W. Lake St.