April 7th, 2017 – (Chicago, IL) As the sun sets over Chicago’s West Loop, Focus Development CEO, Tim Anderson welcomed his guests to the 6th floor amenity space at The Parker – Fulton Market. Members of the Focus family, corporate partners, friends and family crowded around delicious bites catered by local company FIG and chatted over signature cocktails.
The Parker at Fulton Market has been selected as a finalist for ULI’s 2017 Vision Award. Projects selected for this award are examples of excellence across “the full development process – construction, economic viability, marketing, and management—as well as design – and promote best practices in development”. Winners in this category utilize creativity across process, partnerships, problem-solving and design.
April 18, 2017
By ALBY GALLUN
The developers of a 29-story apartment tower in the Fulton Market neighborhood have put the “For Sale” sign up, even before taking the “For Rent” sign down.
A group led by Chicago-based Shapack Partners has hired CBRE to sell the Parker Fulton Market, a 227-unit tower at the southwest corner of Lake and Halsted streets that opened last summer.
The 227-unit development is the latest luxury offering in Chicago’s hottest ‘hood’:
Chicago’s Fulton Market District in the West Loop has emerged as one of Chicago’s trendiest spots. A testament to the neighborhood’s recent success, the new 29-story Parker Fulton Market towers over the southeast corner of Lake and Halsted like a glassy exclamation point. Developed as a joint venture between Shapack Partners, Focus Development, and Atlantic Realty Partners, the 227-unit rental building is abuzz with activity as it prepares to welcome its first residents. The project not only represents the newest luxury residential offering in Fulton Market, but perhaps provides a glimpse into the near future of this rapidly-developing neighborhood.
Developers Shapack Partners and Focus Development are joining forces to bring a new glassy, curvy mixed-use tower to the West Loop, and unveiled their proposal to a group of area residents last evening. The new 28 story development is set to include 227 residential units with parking for 162 vehicles and about 60 bicycles. In addition to its residential component, the LEED Silver tower will include approximately 9,700 square feet of ground level commercial space. Apartment rental rates at the new tower, which will be situated near popular restaurants and nightlife, are expected to fetch $3/foot. Designed by Booth Hansen architects, the tower with its curved shape certainly
By: Joe Zekas
It’s not quite a weekly occurrence, but you can be excused for feeling that each week brings the announcement of a new West Loop apartment development.
Two weeks ago we wrote about a proposal to build 131 apartments on a site currently occupied by Carmichael’s Steak House. Last week the Chicago Architecture Blog revealed plans for a 32-story apartment tower front I-290 at 1061 W Van Buren.
Two days ago Crain’s Chicago Real Estate Daily reported that Focus Development is part of a group planning a mixed-use development at the southwest corner of Lake and Halsted on a site whose current zoning would allow 155 apartments.
By: Alby Gallun
With one West Loop apartment project winding down later this year, Focus Development Inc. and an Atlanta investor have found a site for their next one just a few blocks away.
A joint venture including Northfield-based Focus, Atlanta-based Atlantic Realty Partners and Chicago developer Jeffrey Shapack paid $4.7 million for a pair of properties at the southeast corner of Lake and Halsted streets, according to Cook County records. The group plans