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Chicago Plan Commission approves Fulton Market apartment tower

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The project could serve as a model for future Fulton Market developments

The Chicago Plan Commission on Thursday greenlighted a 400-unit residential tower in Fulton Market.

“If you can pull surplus out of the TIF to balance the budget, you can pull surplus out of the TIF to build affordable housing,” Burnett said.

Developers now have 16 apartment buildings with about 4,700 units under construction downtown and set to deliver over the next 18 months, Integra found. That pace could slow, as high interest rates have made it more costly to finance development.

 

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