Fulton Street Development Boom Raises Questions About Infrastructure
New construction is making the trendy Fulton Market District look a lot more like downtown. Now city officials must decide whether the neighborhood needs Loop-like infrastructure to support its growth, reportedCrain’s Chicago Business.
“The city needs to pick up the pace on investing in downtown-type [transportation] improvements” in Fulton Market, said Joe Schwieterman, director of the Chaddick Institute for Metropolitan Development at DePaul University.
Developers last month formally proposed new projects in the once-industrial corridor totaling as many as 2,100 new apartments and nearly 1.4 million square feet of offices. And Related Midwest now plans to add a 41-story office tower to the mix.
The wave of plans shines perhaps the biggest spotlight yet on longstanding questions about whether the district’s narrow streets, lone CTA train station and sparse parking options are adequate to maintain the momentum of one of the country’s fastest-growing office destinations.
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).
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