FULTON MARKET — Developer Trammell Crow detailed plans for a 33-story apartment high-rise and a 26-story office tower Wednesday night, joining a growing list of developers looking to build residential projects north of Lake Street after a ban on housing in Fulton Market was lifted this year.
Under plans, the Texas-based developer aims to build a 369-foot-high tower with 377 apartments and ground-floor retail at 1112 W. Carroll Ave. The developer also wants to build an office building that will rise 410 feet and include 15,000 square feet of ground-floor retail or restaurant space at 315 N. May St.
The residential tower will include studio to three-bedroom apartment units with 20 percent affordable units on site.
The office building will have 184 underground parking spaces, while the residential building will have an additional 96 parking spaces.
Minnesota-based ESG Architecture & Design has been tapped to design the buildings.
As part of the proposal, the developer plans to add nearly an acre of green space with a park open to the public. The development team envisions a “flexible” space to host multiple events including outdoor movies and a farmers market.
The developer would fund and maintain the park.
During the meeting, the project received mixed reviews from neighbors. Some welcomed it while others raised concerns about the height of the two buildings.
One resident and business owner lauded the developer for adding a park to the proposal. For years, West Loop residents have called on developers to add more green space to their developments.
Two attendees criticized the format of the meeting for preventing residents from asking their own questions in the Zoom call, instead of having a member of the development team read their questions and comments.
“Participants should be allowed to participate in audio/video modes. Not allowing this is a huge disservice to the surrounding community,” one resident wrote in the Zoom chat.
Ald. Walter Burnett Jr. (27th), who hosted the meeting with the West Loop Community Organization, said he would take feedback from community groups and neighbors before making a decision on the project.
The proposal is the latest development aiming to capitalize on the changes to the moratorium on residential housing north of Lake Street. Chicago developer Fulton St. Companies and LG Development have neighboring proposals to bring over 1000 apartments to the neighborhood.
Nearby, Sterling Bay is looking to build a 25-story tower with 350 apartment units and ground-floor retail at 1245 W. Fulton Market St.
On the northern edge of West Loop, Trammell Crow is currently building a 16-story Life Science building a few blocks away at 400 N. Aberdeen St. and a 19-story life science building at 1375 W. Fulton Market St.
If approved, Trammell Crow would break ground in 2022, and be completed in 24 months.
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