In an area rich with meatpacking history that unfolded in squat brick buildings, Fulton Market district residents have apprehensions about two proposed residential towers that each could rise more than 50 stories.
It’s not the height that concerns neighborhood groups the most. It’s the new people the projects would bring to an area already crowded with employees at companies like Google, co-working space WeWork and investment fund and incubator Sandbox Industries.
But all those people working and dining in the neighborhood is just what’s attracting apartment and condominium developers.
“We think it’s a very attractive place to live and we wanted to design the nicest buildings both for sale and for rent,” said Curt Bailey, president of Related Midwest, the company behind both buildings.
In separate projects, Related Midwest seeks to build a 58-story apartment and hotel tower at 725 W. Randolph St., between the Kennedy Expressway and Halsted Street, and a 51-story tower with 300 condominiums at 170 N. Peoria St., by Randolph. The two towers would be the tallest structures in the West Town neighborhood, in an area that’s also sometimes called Fulton Market or the West Loop.
Renderings for both projects are being unveiled at community meetings this week.
The design architect for the Peoria building is New York City firm Morris Adjmi Architects, and Related Midwest is developing it with Tucker Development. The Randolph Street tower, with 370 apartments as well as restaurants and an Equinox hotel and health club, was designed by Connecticut-based Roger Ferris and Partners.