Fulton St. Cos. Eyes Its Largest Fulton Market Project Yet
Teeing up what would be its largest project to date in the Fulton Market District, Fulton St. Cos. is under contract to pay roughly $40 million for more than half of the 1200 block of Fulton Street bounded by Racine and Carroll avenues and Elizabeth Street, Crain’s Chicago Businessreported. The Chicago-based developer aims to develop a trio of buildings totaling 1.1 million square feet of apartments and offices.
Fulton St. Cos. plans to redevelop the two-acre eastern half of the block along with two apartment buildings totaling close to 600 units and a 500,000-square-foot office building, co-founder Alex Najem told Crain’s.
Known as Fulton Square, the plan would add to a series of proposals for new residential buildings in Fulton Market north of Lake Street after the Lightfoot administration lifted a ban on such projects earlier this year to encourage new investment amid the COVID-19 pandemic.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).