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Largest Fulton Market Project Yet is on the Drawing Boards

Fulton Street Cos. is getting ready to unveil plans for a $600-million mixed-use project in the Fulton Market District, the biggest real estate development yet in the fast-growing neighborhood, Crain’s Chicago Business reported

The locally based developer wants to build office and lab space, apartments, a hotel and a big fitness center on a site at 1200 W. Fulton St.,  Alex Najem, the firm’s founder and CEO, told Crain’s. Already, his company is preparing to break ground on a 34-story apartment tower across the street and is close to lining up an anchor tenant for a 530,000-square-foot office building about five blocks east. 

Although the project will require both a zoning change and lender support, Najem has well-established, deep-pocketed partners: Harrison Street CEO Christopher Merrill; and Shanna Khan, the daughter of Shahid Kahn, the owner of the Jacksonville Jaguars and Flex-N-Gate. Waterton is also investing in the development. 


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Fulton Street Companies

About Paul Bubny

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 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).

  • ◦Development