Skender, in collaboration with developer Fulton Street Companies and community leaders, has broken ground on a new mixed-use office development in Fulton Market, Chicago, US.
Located at 919 W Fulton Street, this new 11-storey, 409,000ft² project is said to be the first significant new office complex in Chicago to enter the construction stage in more than a year.
Chicago-based real estate investor Harrison Street Real Estate Capital and Gibsons Restaurant Group are the building’s major tenants.
Fulton Street Companies founder and CEO Alex Najem said: “We have assembled the very best organisations and companies, led by exceptional people, to remind the world that we can – and will – continue to build in downtown Chicago.”
The 919 W Fulton Street site will feature large floor-to-ceiling windows, outdoor terraces on all sides, a rooftop featuring a lounge and bar, multiple co-working and conference areas, a fitness centre with full locker rooms, a ComEd vault, and mechanicals.
The project is set to be completed in 2025.
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It intends to achieve WELL and Leadership in Energy and Environmental Design (LEED) Silver certifications for air quality, material choices, energy efficiency, and environmental impact.
The completed building’s location will be 217 N Sangamon, which will have two lobbies – one on Sangamon and the other linking access between Fulton and Lake streets.
Skender will install the utilities at the property and connect the new parking area to the nearby lower-level parking structure at 210 N Peoria.
The project received funding through strategic collaborations with Bank OZ and Manulife, with development services provided by Fulton Street Companies and JDL Development.
Meanwhile, SNK Capital is the project’s primary equity investment partner.