VISTA Property Tops Out 32-Story Mixed-Use Tower at 370 N. Morgan in Chicago’s Fulton Market

Construction Tops Out on 32-Story Fulton Market Mixed-Use Tower
CRE Market Beat Take
A large new multifamily tower with 99 affordable units is advancing in Fulton Market, adding meaningful rental inventory in a Chicago submarket cited as supply constrained.

Construction has reached the topping-out milestone for Pearl Fulton Market, a 32-story mixed-use multifamily tower at 370 N. Morgan Street in Chicago’s Fulton Market neighborhood. Developer VISTA Property and general contractor Skender are leading the project, which is advancing as a high-rise addition to one of the city’s most active urban districts.

The tower is designed by Antunovich Associates and totals 539,000 square feet. The architectural approach emphasizes modern lines and glass, with a design aesthetic inspired by the work of Mies van der Rohe. The development aims to capitalize on its position within Fulton Market by offering extensive skyline views and a contemporary profile within Chicago’s growing multifamily landscape.

Pearl Fulton Market will deliver 494 rental apartments, with floor plans ranging from studios to two-bedroom units. Of the total residential count, 99 units are designated as affordable housing. This mix of market-rate and affordable apartments positions the property to serve a wide range of renters within the neighborhood and the broader urban core.

The project includes a four-story podium structure at its base. Within this podium, plans call for approximately 190 parking spaces to serve residents and visitors. The development will also incorporate ground-level retail space, with more than 4,500 square feet planned to activate the street frontage and support neighborhood-serving commercial uses. The combination of residential, parking, and retail elements is designed to reinforce the property’s role as a mixed-use asset within Fulton Market.

Antunovich Associates is serving as architect for the full project scope, reinforcing its role beyond initial concept design. Luxury Living has been engaged to oversee marketing and leasing for the residential component, positioning the building for its entry into Chicago’s competitive multifamily rental market under the Pearl Fulton Market name.

Commenting on the project, Amy Galvin, CEO of Luxury Living, noted that Chicago is facing a shortage of new apartment inventory. Against that backdrop, she cited the building’s design, location, and amenities as factors expected to generate strong interest from renters once leasing commences. As Pearl Fulton Market advances toward completion, it adds substantial new rental housing and retail capacity to the Fulton Market neighborhood.

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