Two More Apartment Projects Queued Up for Fulton Market
In two separate projects, developers plan more apartments in Fulton Market totaling nearly 700 units, reported Crain’s Chicago Business. A joint venture between Chicago-based Golub and New York developer Azur Holdings has filed plans for a 42-story high-rise with 400 apartments next to City Winery at 1234 W. Randolph St. It would be Azur’s first project in Chicago and Golub’s first in Fulton Market.
A block or so away, CEDARst has proposed a 26-story, 271-unit apartment tower at 1332 and 1338 W. Lake St., the longtime home of Leslie Hindman Auctioneers, Crain’s reported.
After initially attracting office and hotel developers, the Fulton Market District has evolved into an irresistible destination for multifamily builders as rents have achieved new heights.
“It’s the best neighborhood in Chicago,” Joseph McMillan, chairman and CEO of Azur, an international developer formerly known in the U.S. as DDG, told Crain’s.
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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