Construction has officially topped out on 370 N. Morgan Street, a significant new mixed-use development in Chicago’s vibrant Fulton Market neighborhood. The 32-story tower, soon to be known as Pearl Fulton Market, marks a key milestone for developer VISTA Property and general contractor Skender, bringing much-needed residential units and retail space to the area.
Key Takeaways
- A new 32-story mixed-use tower, Pearl Fulton Market, has topped out in Chicago’s Fulton Market.
- The development will feature 494 apartment units, including 99 affordable units.
- Designed by Antunovich Associates, the building draws inspiration from Mies van der Rohe.
- The project includes ground-level retail space and parking.
A New Landmark in Fulton Market
The 539,000-square-foot luxury building, designed by Antunovich Associates, is set to become a prominent fixture in the Fulton Market district. Its architecture is inspired by the timeless modern style of Mies van der Rohe, promising sweeping skyline views for its residents. The development aims to blend seamlessly with the neighborhood’s dynamic character while offering modern amenities.
Residential and Retail Offerings
Pearl Fulton Market will house 494 apartment units, offering a range of options from studios to two-bedroom layouts. A notable aspect of the project is its commitment to affordability, with 99 of the units designated as affordable housing. Complementing the residential component, the development will feature over 4,500 square feet of ground-level retail space, intended to enhance the street-level experience and serve the community. Additionally, a four-story podium will provide approximately 190 parking spaces.
Anticipating Strong Demand
With Chicago experiencing a shortage of new apartment inventory, the addition of Pearl Fulton Market is expected to be well-received. Amy Galvin, CEO of Luxury Living, which is overseeing marketing and leasing, expressed optimism about the project’s appeal. "With Chicago facing a shortage of new apartment inventory, combined with the building’s elegance, thoughtful design, prime location, and amenities, we anticipate strong interest in the apartments," Galvin stated. The project team also includes Antunovich Associates as the architect and Luxury Living for marketing and leasing.