Developers Putting Together One Of The Most Ambitious Plans Seen For Fulton Market
Chicago's Fulton Market District continues to outshine the rest of the city's downtown, and Shapack Partners and CRG just joined a lengthening line of developers to unveil ambitious new plans for the neighborhood.
The pair will turn the former site of Bridgford Foods’ 156K SF processing plant at 170 North Green St. into a 40-story mixed-use development, one of the tallest buildings yet proposed for the once-industrial area, according to a report in Crain’s Chicago Business.
The Anaheim, California-based Bridgford, a beef jerky and sausage maker, moved its operations to a new Back of the Yards facility after CRG, the development arm of Clayco, finalized a $60M purchase of 170 North Green St. in 2020.
The developers will submit a zoning application to the city council this week, outlining a plan for 275 apartments, along with offices, a hotel and other uses, according to Crain’s. Bridgford once envisioned taking advantage itself of Fulton Market’s rise. It proposed placing a 17-story apartment building on the site — a plan approved by the city in 2017 — but ultimately, Bridgford decided to simply sell.
Shapack Partners and Clayco are already quite familiar with Fulton Market and its potential. Along with Focus, Shapack developed a 750K SF office building at 167 North Green St., across the street from the Bridgford plant. And Clayco was the contractor for Fulton East, a 90K SF, 12-story office tower in Fulton Market at 215 North Peoria St., less than two blocks away and developed by Parkside Realty.
