Chicago’s Fulton Market now attracting white collar tenants

STERLING BAY - A renderings show the base of Sterling Bay's 360 North Green, anchored by the Boston Consulting Group, with a podium terrace.It marks a new phase for the former warehouse district, which up to now has seen warehouse conversions into office complexes. And it marks a change in the type of tenants leasing in the district, from tech and information businesses to traditional white collar national consultancies and law firms.

Indeed, duckpin bowling has been a hit with tenants. That along with more people-oriented spaces and even a bar to give a “speakeasy” feel are what is attracting tenants, Lori Mukoyama of worldwide architectural firm Gensler told the Chicago Sun-Times.“The heavy drapes, the deeper wood, it still harkens to a very professional service vibe but done in a much more modern way,” she said.

While 360 North Green is roughly in Fulton Market’s northeast corner, diagonally across several blocks in the southwest, Chicago’s LG Group is planning two major mixed-use towers to include a much-needed grocery store and 600 apartments to further diversify the district as a place where people can work, live and play. These buildings are 38 and 25 storeys.Meanwhile, Sterling Bay, the prime developer of Fulton Market, is also building a 28-storey mixed-use tower nearby.

“When you look at the price per square foot it demands a certain price point and type of building so that is why you’re getting the highrises here,” Eleanor Gorski, president and CEO of the Chicago Architecture Center said.

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