Yesterday, Crain’s Chicago Business published an article about how a group of building owners are getting together to sell almost the entire 1200 block of West Fulton Market as a single piece of property. As downtown Chicago fills up with more developments, large slices of land like this are becoming harder (read: more expensive) to find. Which is why this particular proposal is noteworthy.
So today we thought we’d show you what the future of the block looks like. Newmark Grubb Knight Frank, which was tapped by the building owners to sell the land, has tapped friends-of-the-blog FitzGerald Associates to design the future of the land. FitzGerald has this narrative about it:
Located between prominent 1K Fulton and the proposed 1330 West Fulton, FitzGerald imagined the development – which was sketched with office and retail uses – would appear with an articulated elevation to create the impression of several smaller buildings. Its presence in the Fulton Market District emphasizes smaller-scale massing, and a distinctive brick façade in character with neighboring buildings.
FitzGerald worked with Newmark Grubb Knight Frank to envision a development that could be well-received and absorbed at a comfortable rate. FitzGerald’s team completed an analysis of the allowable Floor Area Ratio (FAR) under the site’s current zoning, and then examined options for distributing floor area in a meaningful and effective way. This was aided by Gross Floor Area and Leasable Area expectations from the broker.
The team then developed massing concepts to illustrate the potential for the site, and show how the development could integrate with the neighborhood. The concept was refined based on Broker and Stakeholder feedback and rendered into photographs to provide compelling, contextual visioning.
None of the existing buildings are considered historically or culturally important, so the block will be scraped clean (except for the dog park in the northeast corner), and rebuilt from the ground up. You can see what it will look like in the video above, or the pictures below.