30-Story Residential Tower Proposed for Fulton Market with 347 Units and Ground-Floor Retail

CHICAGO, IL — A new high-rise development is on the horizon for Chicago’s ever-evolving Fulton Market District. A 30-story residential tower, slated to bring 347 new apartment units and a generous dose of retail space, has been formally proposed, signaling continued momentum in one of the city’s fastest-growing neighborhoods.

The proposal, submitted to the City of Chicago’s Department of Planning and Development, outlines a bold plan for a mixed-use structure located at 400 N. Morgan Street. The project is being led by developer Vista Property Group, which has partnered with renowned architecture firm GREC Architects to design a modern tower that integrates residential living with street-level commerce.

Project Details

According to preliminary documents, the 30-story building would feature:

• 347 residential units, including a mix of studio, one-bedroom, and two-bedroom apartments.

• Ground-floor retail space, ideal for restaurants, cafés, or neighborhood services.

• Amenity spaces, including a fitness center, rooftop lounge, co-working areas, and an outdoor terrace.

• Sustainability features, such as energy-efficient building systems and green space integration.

While the exact number of affordable housing units has not yet been finalized, the developers have indicated their intention to comply with Chicago’s Affordable Requirements Ordinance (ARO), which mandates a percentage of affordable units or in-lieu contributions for new residential construction.

Fulton Market Continues to Rise

Once an industrial corridor, the Fulton Market District has rapidly transformed into a premier hub for tech offices, luxury residences, and culinary hotspots. Major companies like Google, McDonald’s, and Dyson have all set up shop in the area, creating strong demand for housing and retail development.

This latest proposal adds to a flurry of construction activity in the district. Over the past five years, dozens of mid- and high-rise buildings have reshaped the skyline west of the Loop, with thousands of new residents expected to move in over the coming years.

What’s Next?

The project will now go through a formal review process, including community input sessions, zoning approvals, and design refinements. If approved without significant delays, construction could begin as early as mid-2026.

For local residents and investors, the proposed tower is another sign that Fulton Market’s boom is far from over. As more high-density housing developments take root, the area is set to become one of the city’s most vibrant live-work-play neighborhoods.