CHICAGO—The City of Chicago has approved final construction plans for a 140,000-square-foot, speculative office development at 1201 W. Lake St. in Chicago's Fulton Market neighborhood. McCaffery Interests will develop the seven-story project, dubbed Twelve01West, which will have a glass and concrete façade and a full suite of amenities.
The neighborhood has rapidly transformed from a warehouse district into a hot office market, attracting blue chip companies such as McDonald's and Google. And although speculative office construction is rare in Chicago these days, McCaffery officials feel Fulton Market is ready.
“Fulton Market is an example here in Chicagoland of what is happening all over the United States,” Clayton McCaffery, senior managing director, development and acquisition, tells GlobeSt.com. Like South of Market in San Francisco, Fulton Market “is the type of environment that attracts a very strong group of people that want to work in an authentic neighborhood with a lot of social opportunities.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
