Developer anticipates late 2024 start for 1201 W. Fulton

The developers of the approved mixed-use development at 1201 W. Fulton have indicated their plans to break ground late next year. Planned by Fulton St Companies, the project site is located at the southwest corner of W. Fulton Market and N. Racine Ave. A demolition permit has already been issued to demolish the existing one-story masonry building on the corner lot. 

After receiving approval in 2021, the developer received approval for changes in the scope of the project. After proposing the tower first at 381 feet, a revision was made to bump up the height to 415 feet. Now with some changes to the dimensions of the building’s tower footprint, the height has come back down to 381 feet with two floors removed.

Designed by Morris Adjmi Architects, the development will retain its 433 dwelling units with 13,100 square feet of retail space located on the ground floor. The unit mix will include studios, one-, two-, and three-bedroom dwellings. 80 parking spaces will be provided underground, with 112 bike parking spaces included. 

The design features a two-part massing that includes a shorter portion along W. Fulton Market, with the taller tower portion rising at the back of the site along N. Racine Ave. The lower massing uses a brick and glass facade while the tower portion features a glass facade with diagonal cross-bracing. Balconies are located at the corners of the tower massing. 

To meet the ARO requirement of 20% affordable housing, the development will include a total of 87 units, all on-site. 43 of them will be marketed at 60% AMI, while the remaining 44 will be at 100% AMI. 

As reported by CoStar News, the developer has indicated their plans to break ground late next year. At this time, permits have been issued for demolition of the existing building, but the structure has yet to be razed. Permits for the new construction have yet to be filed.