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Shapack, Focus Break Ground in Fulton Market

Developers Shapack Partners and Focus joined with city officials Thursday to break ground on the Fulton Market District’s latest project. With WeWork as its first announced tenant, the 17-story 167 N. Green St. is expected to open in late 2020.

“This building is a collection of unique spaces that form a pedestrian connection through the heart of the site, uniting Halsted and Green Street pedestrians around a mid-block office-lobby,” said Tim Anderson, CEO of Focus. “This new pathway represents fresh thinking around the centuries-old concept of a mews, and the space will be the first of its kind in Chicago – attracting world-class companies and brands alike.”

The developers, with Walton Street Capital as their financial partner, provided $5.8 million in a Neighborhood Opportunity Bonus payment to the city in order to exceed their locations base zoning by more than 250,000 square feet. Gensler is the architect on the project.

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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).

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