Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
NY Developer Plans to Build 1,500 Apartments in Fulton Market
An additional 1,500 apartments could be coming to the Fulton Market neighborhood at the intersection of Morgan and Kinzie streets, which currently houses surface lots and several industrial buildings.
New York-based developer Vista Properties wants to build three mixed-use buildings in the area that has seen a flurry of development activity. The build would include a mix of studios, one- and two-bedroom apartments.
Vista is seeking approval for residential development within the Kinzie Corridor Overlay District, and the company presented its proposal during a recent community meeting hosted by the Neighbors of River West and the West Central Association.
After more community input, the proposal will be reviewed by the city’s Plan Commission and Zoning Committee before facing the City Council for votes. The project would be subject to the city’s Affordable Rental Ordinance, requiring at least 20 percent—or about or about 290 units—of the apartments to be affordable housing.
