January 16, 2019
Tishman Speyer is reportedly making its first foray into the Fulton Market District, via a joint venture with veteran local developer Mark Goodman. New York-based Tishman Speyer already has a significant Chicago presence with more than eight million square feet downtown.
Crain’s Chicago Business reported that Tishman Speyer will lead development on a 12-story office building at 310 N. Sangamon St. that Goodman had proposed as the nation’s largest “passive house” office development.
The City Council approved zoning last July for the $115-million project, around the time that Goodman reportedly sought an equity partner.
“I’m elated to have us join forces together to develop what I think is going to be a spectacular project and a very positive addition to Fulton Market,” Crain’s quoted Goodman on the partnership. Goodman will retain a stake in the project.
It’s not clear whether Tishman Speyer intends to revamp Goodman’s design for the project.
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