Shapack Partners & CRG Spearhead New Fulton Market Tower Development Featuring 308 Rental Units

A New Chapter in Chicago's Fulton Market: Exciting Partnership Set to Unveil a Multifamily Residential Tower!

In a groundbreaking collaboration, renowned development firm Shapack Partners and esteemed investment firm CRG have joined forces to bring forth a state-of-the-art multifamily residential tower in Chicago's coveted Fulton Market enclave. This vibrant neighborhood, located west of the bustling Loop, will soon witness the rise of a remarkable 29-story architectural masterpiece.

Nestled at 220 N. Ada Street, this remarkable tower will become home to 308 exquisite apartments. Reflecting their unwavering commitment to inclusivity, the developers have dedicated 20 percent of these units to affordable housing, ensuring that individuals and families from diverse backgrounds can enjoy the perks of city living. With rents set at a weighted average of 60 percent of the area's median income, these designated units will provide a vital opportunity for those seeking a comfortable and stylish place to call home.

Embracing the modern concept of live, work, and play, this astounding development will also feature a generous 12,300 square feet of ground-floor retail space. A dynamic mix of shops, cafes, and boutiques will add a vibrant dimension to the community, making daily essentials and indulgences all the more accessible to residents and visitors alike.

New Heights in Urban Living

Shapack and CRG are embarking on an exciting venture in the heart of Chicago's vibrant landscape. Teaming up with esteemed developer Bill Williams of KMW Communities, they are set to redefine the city's real estate scene through their groundbreaking PILLAR diverse development program.

Prepare to be captivated as you step into the meticulously crafted apartments located at 220 N. Ada Street. Offering a range of floor plans, from cozy 400-square-foot abodes to spacious 1,400-square-foot havens, these residences are thoughtfully designed to cater to varying lifestyles.

Indulge in the awe-inspiring surroundings, as floor-to-ceiling windows flood the space with cascades of natural light, creating an ambiance that seamlessly blends with the vibrant energy of the city. Immerse yourself in the grandeur of stone kitchen countertops and the striking elegance of vertical subway tile backsplashes. The heart of the home, the kitchen, boasts expansive islands that beckon culinary adventures and unforgettable gatherings.

Shapack, CRG, and their collaboration with KMW Communities are ready to make their mark on the commercial real estate landscape by fostering diversity and inclusivity. Experience the epitome of urban living at 220 N. Ada Street and be a part of this remarkable transformation.

A New Beginning for 220 N. Ada Street

Prepare to witness the birth of an architectural marvel in the heart of Fulton Market. The construction of 220 N. Ada Street is about to take flight in March, with a one-story warehouse making way for this remarkable project. Anticipated completion is set for the first quarter of 2026, promising a future that exudes elegance and style.

An exceptional team is at the helm of this ambitious venture. Clayco, the esteemed parent company of CRG, has undertaken the role of the project's builder, while the talented subsidiary, Ventana, has artfully crafted the design and will install the magnificent window-wall façade. Each element has been meticulously planned to create an awe-inspiring structure that will redefine the skyline of Chicago.

While the financing and execution of projects have presented challenges in the bustling Windy City and beyond, Fulton Market remains an in-demand neighborhood attracting visionaries and dreamers alike. Despite the obstacles posed by the high-interest-rate environment and the illiquid equity market, 220 N. Ada Street is poised to become one of the few residential triumphs of 2026 in Chicago.

The excitement continues to build as Tishman Speyer recently acquired a residential tower in Chicago's West Loop, further underscoring the city's thriving real estate landscape. As we eagerly await the completion of 220 N. Ada Street, anticipation fills the air, as this upcoming masterpiece stands ready to leave an indelible mark on the urban fabric of Chicago.