{"id":1004683947,"date":"2023-10-02T03:40:54","date_gmt":"2023-10-02T11:40:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004683947"},"modified":"2023-10-02T03:40:56","modified_gmt":"2023-10-02T11:40:56","slug":"fulton-street-cos-lands-233m-for-chicago-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fulton-street-cos-lands-233m-for-chicago-project\/","title":{"rendered":"Fulton Street Cos. Lands $233M for Chicago Project"},"content":{"rendered":"
\"A<\/a>

A new office building rises at 919 W. Fulton Market. Image by Neoscape, courtesy of Fulton Street Cos.<\/em>\u00a0<\/p><\/div>\n

Fulton Street Cos.<\/strong> has landed financial backing for its 919 West Fulton office project in Chicago’s downtown area. The company secured $233 million in both equity and debt for the 360,000-square-foot development. SNK Capital<\/strong> provided an undisclosed amount of equity, while Bank of the Ozarks<\/strong> and Manulife<\/strong> provided financing.<\/p>\n

FSC is developing the 11-story office building along with JDL Development<\/strong>, and has tapped Skender Construction<\/strong> as general contractor and Shanna Khan as lead designer; Morris Adjmi Architects<\/strong> provided architecture services. The $300 million project also known as 919 on Fulton has already broken ground, with completion expected in the first quarter of 2025.<\/p>\n

\n

READ ALSO:<\/strong> Return-to-Office Push Meets Hybrid Work Era<\/a><\/p>\n

\n

The office building will be the tallest in the Fulton Market Historic District, with floorplates between 25,000 and 40,000 square feet. Amenities are to include a conference center, 24\/7 fitness center, tenant lounge, 40,000 square feet of ground-floor retail and outdoor terraces on each floor. Once complete, Colliers<\/strong> will be tasked with property management of 919 West Fulton.<\/p>\n

Madison Rose<\/strong>\u2019s Matt Pistorio is handling leasing at the property. The development has already landed an anchor tenant through a 112,000-square-foot lease with investment management firm Harrison Street.<\/p>\n

Located at the corner of Fulton Market and Sangamon Streets, the property has nearby access to Fulton Market District\u2019s many retail and restaurant offerings.<\/p>\n

Building out Fulton Street<\/h2>\n

The Chicago-based FSC has specialized itself in developing commercial and residential projects in the Fulton Market District. The company’s current projects on Fulton Street include 1045 West Fulton, a 160,000-square-foot office building with ground-floor retail, and 1100 West Fulton<\/a>, the redevelopment of a 15,000-square-foot former meatpacking facility.<\/p>\n

Once home to warehouses and meatpacking facilities, Fulton Market District is now an area with luxury apartments and high-end retail destinations. The neighborhood has attracted other developers such as CRG and Shapack Partners, which acquired a former food processing facility for $60 million with plans to redevelop it<\/a> into a $441 million mixed-use development.<\/p>\n","protected":false},"excerpt":{"rendered":"

Harrison Street will anchor the office building under a 112,000-square-foot lease.<\/p>\n","protected":false},"author":883,"featured_media":1004683954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21782,21825,13,21742,21747],"tags":[33259,35498,36375,48182,42965,37286],"class_list":["post-1004683947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-development","category-finance","category-midwest","category-latest","category-office","tag-bank-of-the-ozarks","tag-colliers","tag-jdl-development","tag-manulife-financial-corporation","tag-morris-adjmi-architects","tag-skender-construction"],"acf":[],"yoast_head":"\nFulton Street Cos. 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