Developer Proposes Condo Project in Fulton Market

A luxury condo developer is eyeing a sizeable apartment project in the Fulton Market District.

Sulo Development wants to build a three-tower building with potentially 243 condo units at 1325 W. Fulton Street, reported Crain’s. The proposed development is the largest-ever condominium proposal for the trendy former meatpacking corridor.

Sulo would acquire the vacant property from Chicago developer Sterling Bay, which has owned it since 2017 and previously floated plans for an office project on the site. The proposal includes three high-rises of different heights and ground-floor commercial space per the application.

The largest of the three towers would be 538 feet tall and include 106 units, while a 438-foot-tall tower with 83 units would be on the eastern portion of the property. Per the plans, a 54-unit, 301-foot-tall condo tower would be built mid-block between those two. The project efforts are being led by Principals Dominic and Derek Sulo, and the firm still has to secure rezoning for residential use for the property, which is primarily used as a surface parking lot.