1221 W Washington Blvd (Fulton Market/West Loop, Chicago)
The $115MM innovative multifamily mixed-use project in the heart of the West Loop / Fulton Market is a 280,000 sq. ft., 19-story development with 287 multifamily units, 4,500 sq. ft. of ground floor retail, 110 spaces of residential dedicated parking, and expansive rooftop amenity space overlooking the downtown skyline.
Rents will start at $1,799, making it the most affordable market-rate new-built housing option in one of the best submarkets in the country.
Asset Class: Multifamily Mixed-Use Development
Size: 280,000 SF
Development Budget: $115,000,000
Proforma Untrended Yield: 6.75%
Submarket: Fulton Market / West Loop (Chicago, IL)
Zoning: Planned Development (Approved)
Architect: Pappageorge Haymes
General Contractor: Focus Construction