Chicago & Midwest + Downtown + Office | January 5, 2023

Related Midwest now plans to build an office tower in Chicago's Fulton Market rather than a mixed-use project that also includes apartments

Related Midwest Pivots to Office for Fulton Market Project

At a time when the roster of developers planning more apartments in Fulton Market grows longer, Related Midwest has pivoted away from residential for a new project there. The developer is slated to go before the Chicago Planning & Development Department’s Committee on Design next week with a proposal to build a 41-story, one-million-square-foot office building at 725 W. Randolph St., reported Crain’s Chicago Business.

Related Midwest won City Council approval in 2020 to build a mixed-use project on the site. It would have featured an Equinox Hotel & Club, 370 apartments and office space across a pair of high-rises.

“This is going to be a place workers want to go to, spend time at, collaborate at—there is not a lot of that, and certainly very little available in the market,” Related Midwest CEO Curt Bailey told Crain’s. It would be Related Midwest’s first major office project in Chicago.

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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 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).