In 2017, Chicago developer Latsko Interests unveiled its vision for an 11-story office building for 375 N. Morgan in the red-hot Fulton Market District. As millions of square feet of new office development sprung up nearby, the site at 375 N. Morgan remained suspiciously quiet. Now, it appears Latsko was holding onto the parcel for a much taller endeavor.
According to an ordinance recently introduced to the City Council by Ald. Walter Burnett Jr. (27th), portions of W. Kinzie and N. Sangamon streets flanking 375 N. Morgan will be vacated to allow for "the construction of a thirty-three story office building." Latsko has not filed a zoning application for the development, so further information is still hard to come by.
If that wasn't interesting enough, the developer will also be partnering with Guinness beer to open a brewery and beer hall at 375 N. Morgan, Crain's reported, citing sources familiar with the plans. The proposed brewery would occupy the eastern portion of the property in the site's existing long-vacant, graffiti-covered building. The 33-story office tower (if approved and financed) would rise on the western part of the parcel.
Despite high overall vacancy in Chicago's office space, the Fulton Market District continues to attract intense interest from commercial developers. The site at 375 N. Morgan is just steps from a recently completed 13-story office building at 320 N. Sangamon and 18-story offices at 800 Fulton Market. Last month, foundation work began on 11-story commercial development at nearby 345 N. Morgan.
