Fulton Market Offices Underway

Lawndale News Chicago's Bilingual Newspaper - Business

Mayor Rahm Emanuel announced the Chicago Plan Commission has approved a 224,000-square-foot “vendor village” to support companies that work with the McDonald’s Corp. The new building will bring 1,100 jobs to the Fulton Market area on the Near West Side. Planned by developer Sterling Bay for 200-210 N. Carpenter St., the $47.2 million project continues the rapid growth of Fulton Market since the city’s downtown zoning district was expanded in May 2016 and McDonald’s subsequently announced its headquarters relocation to 110 N. Carpenter St. The new building will not be owned or directly supported by the McDonald’s corporation. The vendor village project will rise 12 stories along Lake Street and be clad in brick, glass and aluminum. Anticipated to cater to companies that work with McDonald’s, the building will include a rooftop terrace, a green roof, and 40 parking spaces. More than 960 permanent and 140 construction jobs are expected to be created by the project. The downtown zoning expansion included a new density bonus system that enables developers to increase the size of local development projects through voluntary contributions to a Neighborhood Opportunity Bonus that supports commercial projects in under-invested neighborhoods. Sterling Bay will be contributing $2 million for an additional 86,000 square feet of space. The Neighborhood Opportunity Bonus is a key component of the city’s efforts to drive economic growth in every Chicago neighborhood.

Lawndale News Chicago's Bilingual Newspaper - Business

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