Multiple Projects Reshape Fulton Market Block

Major redevelopment activity is continuing across an entire city block in Chicago’s Fulton Market district, where several projects are simultaneously moving through different stages of planning, repositioning, and construction.

Bounded by West Fulton Street, North Sangamon Street, North Peoria Street, and West Wayman Street, the block has become a snapshot of how Fulton Market continues evolving from its industrial roots into one of Chicago’s most active mixed-use neighborhoods.

The block now includes:

• Retail repositioning efforts
• A proposed hotel redevelopment site
• A private members-only golf club conversion
• An office-to-residential adaptive reuse project already under construction

Former Time Out Market Building Set for Retail Repositioning

At 916 West Fulton Market, the former Time Out Market building is entering a new phase following the closure of the large-format food hall.

Chicago Yimby reports that the two-story structure struggled to regain momentum after the pandemic despite Fulton Market’s continued growth and increasing foot traffic. With nearby projects such as The Fulton bringing new high-profile tenants into the neighborhood, ownership now plans to reposition the property as a multi-tenant retail destination.

Current plans include subdividing the existing building into smaller retail spaces that could better align with evolving tenant demand in the district.

No official tenant lineup or redevelopment timeline has been announced.

Approved Hotel Site Returns to Market With Added Density Potential

Directly behind the former Time Out Market site at 311 North Sangamon Street, a previously approved hotel development parcel is once again being marketed for sale.

The site currently contains a restaurant building slated for demolition under prior redevelopment plans.

Developer Marc Realty originally secured approval in 2021 for a 13-story hotel tower on the site. However, the project never advanced to construction, and the property has since returned to the market multiple times.

Now, the offering includes an important new opportunity.

Air Rights Could Dramatically Increase Development Capacity

Marc Realty has reportedly partnered with ownership of the adjacent former Time Out Market property to offer unused air rights as part of a combined redevelopment strategy.

If assembled together, the future developer could pursue a significantly larger project by increasing the allowable buildable square footage across the site.

Any expanded proposal would still require renewed city approvals and updated entitlements, but the move reflects a growing trend in Fulton Market toward maximizing development density on high-value parcels.

Private Indoor Golf Club Planned at 1015 West Wayman

At 1015 West Wayman Street, plans have shifted dramatically from earlier redevelopment concepts.

The existing five-story structure, once expected to become part of the hotel proposal, will instead be converted into The Wayman, a private indoor golf club and hospitality-focused members space.

The project reflects the broader surge of private clubs and experiential entertainment venues entering Chicago’s downtown districts.

Planned amenities include:

• Indoor golf simulators and practice facilities
• Co-working spaces
• Private event rooms
• Clubhouse amenities
• Rooftop restaurant and lounge space

The project adds another lifestyle-oriented destination to Fulton Market’s increasingly hospitality-driven environment.

Office and Residential Conversion Under Construction

At 900 West Fulton Market, construction activity is already well underway on a mixed-use adaptive reuse project that has evolved through several iterations over recent years.

The redevelopment involves three existing industrial buildings that will be unified through the addition of a new four-story central structure replacing a one-story portion currently on-site.

Once completed, the project will include:

• 29,000 square feet of commercial space
• Boutique office space
• Nine residential units on upper floors

The project highlights the continued demand for flexible mixed-use redevelopment in Fulton Market, particularly adaptive reuse strategies that preserve portions of the district’s industrial character.

Fulton Market Continues Transition Into Mixed-Use Destination

The collection of projects across this single city block illustrates the broader evolution underway throughout Fulton Market.

Over the past decade, the neighborhood has transformed into a hub for:

• Boutique office developments
• Hospitality projects
• Residential towers
• Retail and entertainment concepts
• Adaptive reuse construction
• Experiential commercial spaces

Developers continue adjusting projects to respond to changing post-pandemic market conditions, particularly in office, hospitality, and retail sectors.

Construction and Design Activity Remains Strong

For contractors, architects, and construction professionals, the various projects across the block create opportunities across multiple sectors, including:

• Adaptive reuse construction
• Structural renovations
• Hospitality buildouts
• Retail interiors
• High-end amenity spaces
• Rooftop construction
• MEP modernization
• Façade restoration and upgrades

The variety of project types also reflects how developers are diversifying uses within urban mixed-use districts to reduce risk and capture changing consumer demand.

A Neighborhood Defined by Flexibility and Reinvention

One of Fulton Market’s defining characteristics continues to be its ability to pivot quickly as market conditions evolve.

Projects that were once envisioned as office or hospitality developments are now being repositioned into:

• Mixed-use residential projects
• Private membership clubs
• Boutique office spaces
• Entertainment destinations
• Flexible retail environments

That adaptability has helped Fulton Market remain one of Chicago’s strongest development corridors despite broader uncertainty across commercial real estate markets.

Looking Ahead

While timelines remain unclear for several of the projects now reshaping the block, activity throughout Fulton Market shows little sign of slowing.

As developers continue repositioning properties and maximizing density opportunities, the neighborhood remains one of the city’s most dynamic construction and redevelopment environments, with adaptive reuse, hospitality, entertainment, and mixed-use projects continuing to drive investment forward.