Chicago’s Fulton Market is a large fast-growing area that is a mix of large repurposed legacy buildings and new infill towers which is creating a sort of ideal work-residential neighborhood.
“There’s a lot of hot markets in the city of Chicago but this is one of the ones where we’re just seeing a big gentrification happening on a scale. It’s not really gentrification, it’s really change of use, because it wasn’t really a residential neighborhood,” he said. “But there’s just a lot of new construction, a lot of redevelopment and renovation going on.”
Boston Consulting’s Brad Martens said Fulton will be a “magnet for our recruits, and the state-of-the-art office will enable new forms of collaboration between our teams and our clients.”While Sterling Bay has brought in several other companies developing the “global tech hub,” it’s first residential development, The Dylan, is nearing completion.
Besides repurposed warehouses, Sterling Bay has completed or is building new office towers. 345 North Morgan St. is an 11-storey, 200,000-square-foot “boutique” building and 360 North Green St. is a 24-storey, 500,000-square-foot glass tower.
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