In a major step forward for Chicago’s residential development, the City Council has officially approved a new luxury condominium project in the heart of the Fulton Market District. Spearheaded by Sulo Development, the proposal for 1325 W. Fulton Street includes three architecturally distinct towers that will significantly reshape the skyline of this fast-evolving neighborhood.
A New Era for Fulton Market
Fulton Market, once an industrial hub known for meatpacking and warehouses, has transformed into one of the city’s most sought-after areas. The district now blends historic architecture with cutting-edge developments, and the newly approved project exemplifies that evolution. The three towers will introduce a high-end residential component to an area that has seen rapid growth in retail, office, and hospitality sectors.
Details of the Development
Rendering Courtesy of KPF and ParkFowler Plus
The project is being designed by architecture firms Kohn Pedersen Fox and ParkFowler Plus. It will unfold in three phases:
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Phase 1 features a 29-story tower standing 438 feet tall. It will include 80 condominiums, a six-story podium with a residential lobby, a 95-car garage, and a landscaped plaza along Fulton Street. Residents will enjoy amenities such as a rooftop pool deck, private balconies, and stepped terraces.
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Phase 2 introduces a 19-story building reaching 301 feet, offering 50 units. It will share the podium from Phase 1 and incorporate ground-level commercial space.
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Phase 3, the tallest of the trio, will rise 39 stories to 538 feet and contain 110 residences. It will include its own podium with a 79-vehicle garage and another green pocket plaza.
Combined, the towers will deliver 240 luxury condo units, with spacious layouts ranging from 2,400 to 4,500 square feet. Prices are projected to start at $1 million and rise as high as $7 million.
Community Design and Integration
A notable element of the project is its focus on pedestrian-friendly design. The development includes two pocket parks totaling about 8,000 square feet, designed to offer green, open space for public use. The exterior design integrates brick and modular components to reflect Fulton Market’s industrial roots, while also introducing a sleek modern aesthetic.
Zoning and Contributions
To move the project forward, the site is being rezoned from M2-3 (light manufacturing) to DX-7 (downtown mixed-use), with a Planned Development overlay. Sulo Development will contribute $7.8 million to the Neighborhood Opportunity Fund in exchange for a density bonus. Additionally, the developer will pay approximately $13 million in lieu of including on-site affordable housing.
Construction Timeline
Sales for the first tower are expected to begin in August 2025, with groundbreaking scheduled for August 2026. Completion of Phase 1 is targeted for 2028, with Phases 2 and 3 to follow. In the meantime, the parcels for the second and third towers will be used as green space and will temporarily host a one-story sales center.
Looking Ahead
The City Council's green light for this project underscores Chicago’s commitment to smart, high-quality development. As Fulton Market continues to mature, this trio of residential towers will serve as a landmark addition, blending luxury living with thoughtful urban planning.