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Developer Plans 11-Story Hotel in Fulton Market

By Stephanie Lulay | January 20, 2016 8:38am | Updated on January 20, 2016 9:39am
 Fulton Market-based Shapack Partners plans to build an 11-story hotel plus a penthouse at 832-850 W. Lake St. adjacent to the WeWork building.
Fulton Market-based Shapack Partners plans to build an 11-story hotel plus a penthouse at 832-850 W. Lake St. adjacent to the WeWork building.
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FULTON MARKET — A West Loop developer will pitch plans for a new Fulton Market hotel at a meeting later this month.

Fulton Market-based Shapack Partners plans to build a hotel at 832-850 W. Lake St. adjacent to the WeWork Fulton Market building.

Ald. Walter Burnett Jr. (27th) and the West Loop Community Organization will host a community meeting on the proposed project at 6 p.m. Jan. 27 at the WeWork Fulton Market building, 220 N. Green St.

The proposed hotel project would be 11 stories plus a penthouse and include about 170 hotel rooms, according to a source familiar with the project. A hotel brand hasn't yet been decided.

The site is currently occupied by the Grant Park Packing Co. building, the Vaia Inc. Auto Specialists building and a parking lot owned and used by Vaia Inc. Auto. The properties are just outside of the Fulton-Randolph Market Landmark District, a designation that places development restrictions on some sites in Fulton Market.

The developer is seeking a zoning change.

Residents with immediate questions about the project can contact Rich Klawiter or Katie Jahnke Dale with DLA Piper LLP at 312-368-7243 or 312-368-2153.

Developer Jeffrey Shapack is also developing an office building with 11 stories plus a penthouse on a vacant lot at 213-223 N. Peoria St. And Shapack presented plans for a seven-story office building at 801-811 W. Fulton Market in February.

Shapack Partners has also developed buildings for Soho House Chicago, WeWork Fulton Market, Formento's and Momotaro in Fulton Market and is developing a 29-story residential building at Halsted and Lake Streets.

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