Sterling Bay has won approval from the city’s Plan Commission for two new buildings in Chicago’s hot Fulton Market District. The Chicago developer is proposing one property at 1000 W. Carroll Avenue and another across the street at 345 N. Morgan Street. The dual-building project still need approval from the zoning committee and the City Council before they can break ground.
The 288-foot, 18-story office tower on Carroll, designed by Skidmore, Owings & Merrill, would feature a glass and metal facade. There would we two stories of retail and the building’s defining feature would be a series of offset blocks as the building rises. Rising 11 stories and designed by Eckenhoff Saunders Architects, the Morgan Street property would also have ground-level retail.
The development would include 208 parking spaces across the two properties. Sterling Bay will pay more than $7.6 million into Chicago’s Neighborhood Opportunity Fund in support of small business grants on the South and West Sides of Chicago. An additional $888,000 Industrial Corridor Conversion Fee will be reinvested in designated industrial zones.
