DEVELOPED BY
3
CONTENTS
NEIGHBORHOOD
The West Loop 06
Fulton Market 08
Map 10
Access 12
NEIGHBORS
Offi ces 14
Dining 18
Hospitality 22
Entertainment & Arts 23
Residents 24
Demographics 25
SPACE
Overview 26
First Level Retail 28
About McCaffery Interests 29
4 54444444 55555555555555555555555555555555555555555555555555555555555555555555
6 7
Bounded by Ashland Avenue to the West, the Chicago River to the East, the Eisenhower Expressway to the South and Grand Avenue to the North, the West Loop has played a key role in making Chicago an economic powerhouse.
Originally home to the city’s bustling wholesale market district, several of the West Loop’s charismatic warehouses continue to market and distribute food goods today, while neighboring thoroughfares are being revitalized to refl ect and foster the urban life, culture and energy for which this historic area is known.
Once a Marketplace, Always a Marketplace
THE WEST LOOP
8 9
At the heart of the West Loop is Fulton Market. The proximity of this quiet, westbound avenue to the city’s nineteenth century rail and stock yards positioned it as a vital hub of Chicago’s growing food enterprises.
Wide sidewalks increase walkability and offer opportunities for outdoor dining, parklets and window shopping. Nearby public transportation, bike-sharing stations, and multiple interstate connections makes the area highly accessible by foot, train, bike or car.
Dynamic Day & Night Destination
FULTON MARKET
Just blocks off of Randolph Street’s in-demand “Restaurant Row” and minutes from Chicago’s hip Greektown neighborhood, Fulton Market is at the center of this 24/7 district.
©John Joh
10 111110
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13751375 W FW Fultoultonn[315[315,333,333 SF,SF, 116 116 stalstalls]ls]
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328 328 N CaN Carpenrpenterter[105[105,611,611 SF SF offioffice,ce,
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310 N Sangamon310 310 N SaN Sangamngamonon[225[225,000,000 SF,SF,
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740 W Fultoton[132 Condos]s]
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727 West Madison[492 units,
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12271227 W FW Fultoultonn
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Dyson, Glassdoor, Uber,Skender Construction, Sterling Bay
Google, SRAM, Sandbox
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12001200 W FW Fultoulton Man Marketrket [1 [1,010,010,000,000 SF SF offioffice, ce, tt60 k60 keys,eys, 700700 stastalls]lls]
McDonald’sWorld Headquarters [538,423 SF office,
43,000 SF retail]
[289 key]
[Pendry Hotel]
345 345 N MoN Morganrgan [185[185,000,000 SF SF offioffice, ce, 4,004,000 SF0 SF retretail]ail]
1K C1K Carroarroll[536[536,000,000 SF SF offioffice,ce,144 144 stalstalls]ls]
1K Fulton[505,000 SF office, 20,044 SF retail,49 stalls]
210N Carpenter[200,000 SF office,12,000 retail,41 stalls]
360 360 N GrN Green een [458[458,000,000 SF SF offioffice,ce,30,030,000 S00 SF reF retailtail,, 256 256 stalstalls]ls]
330 330 N GrN Green een [632[632,000,000 SF SF offioffice,ce,23,023,000 S00 SF reF retailtail, 205 205 stalstalls]ls]
The Parker[227 units]
K2[496 units]
13Thriteen [70 units]
The Madison[216 units]
Gr33Gr333n 3n [506[506,000,000 SF SF offioffice, ce, 41,041,000 S00 SF reF retailtail,,326 326 stalstalls]ls]
Stan
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41 stalls]
Luxe[102 units]
Madison Throop PL[72 units]Washington
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Loomis Townnomes[8 condos]
Skytech Lofts[146 condos] Madison Aberdeen PL
[81 units]
15271527 W WW Warrearren Bvn Bvldld[63 [63 unitunits]s]
Quarters[75 units,
40,000 SF office,15,00 SF retail]
Circa 922[149 units]
Gin AlleyLofts
[46 units]
a119 N Peoria[12 units]
CA-Washington[70 condos]
909 Washington[109 condos]CA23
[48 condos]
1000 West Washington[180 condos]
Acorn Lofts[49 condos]
Art House[26 condos]
[40 keys]
Meru
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120 N Racine [125,763SF, 100 stalls]
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[14 condos]
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14501450 RanRandolpdolphh[175[175 uniunits]ts]
10331033 FulFultonton[46,[46,400 400 SF oSF officfficee21,921,900 S00 SF reF retailtail]]
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BY TRAIN
Two blocks from the CTA’s newly opened Morgan Street “L” stop
BY BUS
Short walk to multiple CTA buses headed to the Loop and Chicago’s commuter rail hubs, Union and Ogilvie Stations
BY CAR
3 minutes from I-90/94 expressway
BY BIKE
Divvy bike-share station at the corner of Randolph & May
10 minutes from Wicker Park via bike-friendly Milwaukee Ave.
BY FOOT
Steps from Chicago’s hottest bars, eateries and art galleries, Randolph’s “Restaurant Row” and Halsted Street’s Greektown
ACCESS
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RECENT OFFICE LEASES IN THE WEST LOOP
The strengthening of the downtown
Chicago offi ce market is especially
evident in the West Loop. And as Google
and other growth-focused companies
open their doors, the improved “daytime
population” creates a fresh, captive
workweek audience and complements
the established weekend and night-life
traffi c. Multiple new offi ce developments
are fostering a strong population
increase.
Just a few blocks from block from
1201 W. Lake Street, Google’s Midwest
Headquarters and German bike
component maker SRAM International
have moved into 1K Fulton, bringing
more than 3,000 new employees to
the area. Joining them are some of
Chicago’s most anticipated eateries,
including Boka Group’s new steakhouse
Swift & Sons.
Daytime Population is on the Rise
OFFICES
600,000 SF
40,686 SF
30,000 SF
65,000 SF
39,723 SF
24,000 SF 16,000 SF16 000 SF
64,000 SF
232,000 SF
75,000 SF215,000 SF
253,000 SF
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Whether it is its current Chicago offi ce in River North, its global headquarters in Mountain View, California, or even the urban San Francisco neighborhoods from which employees are shuttled to the offi ce, Google has driven growth and development in the areas that surround its campuses.
Google has proven to attract like-
minded businesses along with
development of housing, retail and
restaurants to support the infl ux of
young, well-paid employees.
From smaller tech fi rms looking to bask in the glow of Google’s shadow, to retailers and restaurants looking to capitalize on the young successful Google employees, the beginnings of the “Google effect” are already underway in the Fulton Market District.
The Google Effect
OFFICES
©architectureartdesigns.com
“Fulton Market is among the hottest submarkets in Chicago, with a herd of investors, tenants and developers on the hunt for opportunities near Google’s offi ces.”
Chicago Real Estate Daily
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Randolph Street’s “Restaurant Row” and Fulton Market are home to the hottest dining scene in Chicago. With nationally acclaimed restaurants, the West Loop has become THE place to dine in Chicago.
Home to the World’s Top Chefs
DINING
BRENDAN SODIKOFF Au Cheval, Federales
“Best Burger” – Food & Wine, Bon Appetit
RICK BAYLESS Frontera Grill, XOCO,
Cruz BlancaJames Beard Award – Outstanding Restaurant
FABIO VIVIANI Siena Tavern,
Bar Siena“Top Chef Fan Favorite” Top Chef Season 4
GRANT ACHATZ Next, Roister,
The AviaryJames Beard Award – Best New Restaurant
STEPHANIE IZARD Girl & The Goat,
Little Goat, Duck Duck Goat James Beard Award – Best Chef Great Lakes
Top Chef Season 4
PAUL KAHAN Avec, Blackbird,
PublicanJames Beard Award – Best New Restaurant
©Edsel Little
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On the horizon...
DININGDINING
• Au Cheval
• Avec
• The Aviary
• Blackbird
• Cemitas Pueblas
• City Winery
• Cruz Blanca
• Eleven|Eleven
• Elske
• El Solazo
• Expat
• Federales
• Formento’s
• The Front Room
• Fulton Galley
• Girl & The Goat
• La Sirena Clandestina
• Leña Brava
• Little Goat
• The Madison Bar + Kitchen
• Maude’s Liquor Bar
• Next
• Publican
• Sam Hill Eatery & Saloon
• Smyth & The Loyalist
• St. Clair Supper Club
• Swift & Sons’
• Umami Burger
Noteworthy restaurants
within blocks:
©John Joh
©John Zacherle
©Sam Howzit
©Lisa Picard
• EVER 0.2 mi1330 W. Fulton Market
Opening Spring 2020
• TIME-OUT FOOD HALL 0.2 mi916 W Fulton Market
Opening Summer 2019
• GAIJIN 0.3 mi950 W. Lake Street
Opening 2019
• VEGGIE GRILL 0.3 mi911 W. Randolph Street
Opening 2019
• ‘HOGSALT’ ITALIAN 0.4 mi110 N. Peoria Street
Opening Fall 2019
• ‘HOGSALT’ SUPPER CLUB 0.5 mi112 N. Green Street
Opening Summer 2019
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ENTERTAINMENT & ARTS
©Ace Hotel
©Soho House
©Georgia Hinaris
HOSPITALITY
“ With crowds packing its acclaimed restaurants and thousands of offi ce workers relocating to the neighborhood, Chicago’s meatpacking district now wants visitors to lie down and stay awhile.”
Crain’s Chicago Business
• STANDARD HOTEL 0.2 mi 290 guest rooms 1234 W. Randolph Street
Opening 2021
• ACE HOTEL 0.2 mi 159 guest rooms 311 N. Morgan Street
• HOXTON HOTEL 0.4 mi175 guest rooms 200 N. Green Street
• EQUINOX HOTEL 0.4 mi 145 guest rooms 725 W. Randolph Street
• NOBU HOTEL 0.5 mi83 guest rooms 854 W. Randolph Street
Opening Fall 2019
• RIDER FOR LIFE 0.1 mi Gallery, apothecary 1115 W. Lake Street
• CITY WINERY 0.2 mi Live music 1200 W. Randolph Street
• 8FIFTY8 0.3 mi Dance club 858 W. Lake Street
• PUNCH BOWL SOCIAL 0.3 mi Bowling, live music 832-856 W. Fulton Market
• BOTTOM LOUNGE 0.4 mi Live music 1375 W. Lake Street
• HOUSE OF VANS 0.4 mi Skate park, live music, art 113 N. Elizabeth Street
• KAISER TIGER 0.4 mi Curling, beer garden 1415 W Randolph Street
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DEMOGRAPHICS
With a population of more than 9,000 within a half-mile of 1201 W. Lake Street and more than 110,000 within one-and-a-half miles, the raw, industrial spaces of the West Loop are ideal for living too.
Currently, more than 3,100 mid- and high-rise apartment, condominium and loft units exist in the area while 1,965 more are proposed or under construction to support the neighborhood’s burgeoning population.
Living in Fulton Market
RESIDENTS
56.5% of current residences are
owned
44.5% of current residences are
rented
.5 mile 1 mile 1.5 miles
Population 9,854 49,629 110,040
Daytime Population 22,422 142,278 532,572
Median age (years) 36.4 34.2 33.5
Bachelor’s degree or higher 79.7% 78.1% 76.1%
Average Household Income $162,205 $145,472 $136,534
Median Home Value $481,644 $479,743 $487,469
Owner-occupied 56.5% 40.4% 35.6%
Renter-occupied 43.5% 59.6% 64.4%
EXPENDITURES
Food away from home $40.5MM $181MM $360MM
Food at home $52.5MM $237MM $474MM
Entertainment & Recreation $31.5MM $142MM $283MM
Apparel & Services $23.6MM $106MM $211MM
ETHNICITY
White 71.5% 64.5% 64.5%
Black 10.8% 11.3% 11.3%
Asian 11.1% 14.4% 14.4%
Other 3.5% 6.3% 6.3%
Two or more 2.7% 3.1% 3.1%
Hispanic origin (any race) 9.8% 14.0% 14.0%
Data Note: Income is expressed in current dollars. Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019
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1201 W. Lake Street offers a rare opportunity: in the heart of the Fulton Market District, 148,079 square feet available on 7 fl oors.
THE SPACE
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THE SPACE First Level Retail
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For 26 years, McCaffery Interests has been leading the industry by creating innovative and
inspirational mixed-use communities. With a focus on urban development, we’ve transformed
abandoned factories, vacant buildings and parking lots into over twenty million square feet of
dynamic, forward-thinking and fi nancially rewarding properties.
The McCaffery experience starts with a proven team of visionaries, strategists and craftsmen
with decades of expertise developing award-winning destinations. As either an equity
partner or third-party service provider, our commitment to successful projects and satisfi ed
stakeholders is unmatched. The McCaffery Interests experience is what makes us one of the
most trusted real estate companies in the nation.
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1,778 SF
3,339 SF
PARKING GARAGE
PREMIER RESTAURANT SPACE
7,053 SF
WEST LAKE STREET
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TWELVE01WEST.COM
©2019 McCaffery Interests. All rights reserved.
Andrew Macafee | [email protected] | 312-784-2844
Ross Modjeska | [email protected] | 312-784-2758
1201 W. LAKE STREET, CHICAGO 60607
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