Yesterday, Fulton Street Companies celebrated the ceremonial groundbreaking of Chicago’s newest office development, 919 W. Fulton Market. The 409,000-square-foot building is the first new office development to break ground in the city in more than a year.
Dignitaries joining Fulton Street Companies Founder and CEO Alex Najem at the event were Alderman Walter Burnett (27th Ward), SNK Capital’s Shanna Khan, Skender Vice President Alex Panici, and JDL CEO Jim Letchinger, among others.
“Today’s groundbreaking event is a huge win for the city,” said Najem. “We have assembled the very best team to bring the newest building in Fulton Market to life. Without these partners, especially Shanna Khan/SNK Capital, whose belief in and commitment to the project is unwavering, and Alderman Burnett, who continues to champion growth in the neighborhood, we would not be here today. To each and every one, I say thank you for making this ambitious and remarkable development a reality for our great city.”
When complete, the amenity-rich building will capture the essence of the neighborhood with its factory style storefronts, architectural masonry, and large outdoor terraces on each floor. With special attention to health and wellness, and environmental impact, Fulton Street Companies will pursue WELL and LEED Silver certifications. Notable tenants include Gibsons Restaurant Group and Harrison Street Capital.
“Fulton Market is an exceptionally special and unique neighborhood,” added Khan, who serves as lead equity investment partner and chief design officer for the project. “The energy is electric the moment you arrive and, once you’ve visited, it becomes a destination. That’s why I’m passionate about 919 W. Fulton. To do something extraordinary, it takes a village. Today, we are no longer talking about what’s possible … together, we are making it happen.”
Along with SNK Capital, financing for the project is being provided by Bank of the Ozarks and Manulife, with development services provided by FSC and Chicago-based JDL Development.
Additional partners on the project are:
- General Contractor: Skender
- Architect of Record: FitzGerald Associates Architects; initial design provided by Morris Adjimi Architects
- Structural Engineer: Thornton Tomasetti
- Civil Engineer: Eriksson
- MEP/FP Engineer: Syska Hennessy Group
- Landscape Architect: Site Design Group, Ltd.
Delivery is expected in 2025.
