Construction is ready to begin on a boutique office development along Fulton Market's "Restaurant Row." Developer L3 Capital received a building permit to break ground on its project at 1020 W. Randolph Street. Filed under the alternate address of 155 N. Carpenter Street, the permit estimates the scope of the work at roughly $10 million.
Although 1020 W. Randolph is far from Fulton's largest office development (the project features just five stories plus a penthouse level), it will transform a prominent corner previously home to a single-story drive-through bank. The new structure is designed by Chicago-based Hartshorne Plunkard Architecture and features a warehouse-inspired brick facade. The project calls for ground-floor retail topped by four levels of offices and a rooftop amenity space. It does not include any on-site parking.
The upcoming development will take roughly 12 months to complete, a representative from L3 said at a virtual community meeting last summer. The permit lists W. E. O'Neil Construction Co. as the general contractor on the project. L3 is also constructing a three-story commercial building one block east at 932 W. Randolph. That development replaces a different former bank and reuses some of the existing building's structure. L3 also has plans to build a three-story commercial development at 1100 W. Randolph.
Jay Koziarz/Urbanize
