{"id":1004103075,"date":"2014-08-29T07:22:18","date_gmt":"2014-08-29T15:22:18","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=287712"},"modified":"2022-12-01T14:02:47","modified_gmt":"2022-12-01T22:02:47","slug":"morgan-manufacturing-to-open-19-million-adaptive-re-use-project-in-chicagos-new-fulton-market-innovation-district","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/morgan-manufacturing-to-open-19-million-adaptive-re-use-project-in-chicagos-new-fulton-market-innovation-district\/","title":{"rendered":"Morgan Manufacturing to open $19 Million Adaptive Re-Use Project in Chicago\u2019s new Fulton Market Innovation District"},"content":{"rendered":"<p><em>By Ioana Neamt, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/Screen-Shot-2014-08-26-at-1.07.10-PM.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignleft size-thumbnail wp-image-287713\" title=\"Screen Shot 2014-08-26 at 1.07.10 PM\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/Screen-Shot-2014-08-26-at-1.07.10-PM.png\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>Morgan MFG, a redevelopment project comprising six interconnected buildings will open in Fulton Market\u2019s new Innovation District in September. According to a news release, the $19 million adaptive re-use project is located in a former manufacturing complex that pre-dates the Chicago Fire of 1871. Funding for the initiative was provided fully by MAB Capital Management LLC.<\/p>\n<p>The Morgan MFG project is located at 401 N. Morgan Street, the former 88,000-square-foot home of Salisbury by Honeywell. The property is situated in the city\u2019s 217-acre Fulton Market Innovation District, approved in July by the Chicago Plan Commission. Morgan Manufacturing\u2019s project will comprise a 32,000-square-foot Innovation Lab, 25,000 square feet of office space, a restaurant called The Brass Monkey, a caf\u00e9, craft distillery, and tenant amenities including a fitness center, outdoor dog run and open-air rooftop terrace. Additionally, the West Loop property will feature a renewable energy system which is expected to provide more than 10 percent of the structure\u2019s electrical needs.<\/p>\n<p>\u201cI am thrilled to have a small part in the ongoing evolution of the Fulton Market are from a meat-packing district to Chicago\u2019s hub of innovation,&#8221; says Marc Bushala, MAB Capital Management CEO. \u201cMy goal for Morgan Manufacturing is to be a resource center devoted to fostering the collaborations that lead to successful innovation.\u201d<\/p>\n<p>The Morgan MFG will provide office\/tech space for businesses and non-<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/Screen-Shot-2014-08-26-at-1.07.01-PM.png\"><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-thumbnail wp-image-287714\" title=\"Screen Shot 2014-08-26 at 1.07.01 PM\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/08\/Screen-Shot-2014-08-26-at-1.07.01-PM.png\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>profit organizations, and will be the home of The Innovators Connection, a program launched in 2013 that is meant to connect large corporations with innovative Chicago-based companies. Morgan MFG will also partner with organizations such as The Future Founders Foundation, the Illinois Technology Association, Rush Hospital, Evanston Youth Center, and many others.<\/p>\n<p>\u201cBig and small businesses have the potential to grow even faster through cooperation and interaction,&#8221; Bushala says. \u201cThe Innovators Connection fosters this interaction, helping to create jobs and economic opportunity for our city and its residents.\u201d<\/p>\n<p>According to a news release, Morgan Manufacturing has leased 6,000 square feet of office space to Sweden-based digital company Nansen, and is in the process of signing another two leases for 20,000 square feet of space.<\/p>\n<p><em>Renderings courtesy of Morgan Manufacturing<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Morgan MFG, a redevelopment project comprising six interconnected buildings will open in Fulton Market&rsquo;s new Innovation District in September.<\/p>\n","protected":false},"author":192,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[1815],"class_list":["post-1004103075","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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