A prominent developer is considering a major apartment project in the Fulton Market District.
According to Crain’s, Sulo Development has plans to construct a three-building complex with up to 243 luxury condos at 1325 W. Fulton Street. This would be the largest condominium development ever proposed for this popular area, which was once known for its meatpacking industry.
If approved, Sulo would purchase the currently vacant property from Sterling Bay – another Chicago-based developer that has owned it since 2017 and previously considered building an office space there. The proposal includes three towers of varying heights and ground-floor retail space as outlined in their application.
The tallest tower would reach 538 feet and house 106 units while a second tower on the eastern portion of the site would stand at 438 feet with room for an additional 83 units. A third mid-sized tower with only54 units is planned between these two buildings according to current designs. The project is being spearheaded by Principals Dominic and Derek Sulo but still requires rezoning approval due to its intended residential use on what is currently used primarily as surface parking lot land.
This exciting development proposal was first reported by Connect CRE .
“}]]
