Thor Equities Breaks Ground on Chicago Mixed-Use Project
- Jul 31, 2018
Thor Equities has begun above ground construction on 905 West Fulton Market, a mixed-use development in Chicago. The finished product is scheduled for completion by 2019.
Designed by Hartshorne Pluckard Architecture, the project will comprise 108,650 square feet of retail and office space at the corner of North Peoria Street in Fulton Market. The five-story asset will feature a historic facade with open and efficient floor plates, a green roof, a landscaped terrace and 300 feet of retail frontage.
Cushman & Wakefield’s Managing Director Mark Baby and Director Ben Cleveland will handle the office leasing for the property, while Thor Equities’ Vice President of Leasing George Stanchfield will handle the retail leasing in-house.
“We are excited to begin construction of 905 West Fulton Market in the heart of the burgeoning West Loop area of Chicago,” said Joseph Sitt, CEO of Thor Equities, in a prepared statement. “The Fulton Market District in particular has evolved into one of the most sought after neighborhoods in the city to live, work and play.”
Fulton Market is a rapidly growing district that offers access to warehouse, retail, residential, office and hotel. The neighborhood is home to an ACE Hotel, Shake Shack, Aesop, Lululemon, Google, McDonald’s headquarters, Beatrix, Punch Bowl Social, Free People, Anthropologie and Uber.
In May, a joint venture between Thor Equities and Meyer Bergman sold London’s Burlington Arcade for $406.5 million. The partners acquired the luxury retail destination for $141 million in 2010 and later completed several upgrades to the property.
Rendering courtesy of Thor Equities