Development

Soho House Chicago

Soho House Chicago, the catalyst for the creation of Fulton Market District, is an adaptive reuse of 113-125 N. Green Street, a seven-story, 120,000 square foot, early 1900’s manufacturing building.  Formerly operated by the Chicago Allis Mfg Corp., Shapack Partners acquired the vacant building in 2011 from the original owners who built the building in 1908.  Construction began in Spring 2013 and Soho House Chicago was delivered on time and on budget in late June 2014.  Soho House Chicago is a private member’s club with 20,000 square feet of “open to the public” space including two restaurants, Pizza East and Chicken & Farm Shop, as well as the Fox Bar and the Allis Bar on the ground floor and Cowshed Spa in the English basement.  Exclusively for its members and hotel guests, Soho House Chicago includes a 17,000 square foot gym, 40 hotel bedrooms, a 30-seat screening room, the Belt Room (a private event space), 4 restaurants on the Club floor, an indoor and outdoor rooftop restaurant and outdoor pool with unobstructed views of Chicago’s skyline.  Soho House Chicago is London-based Soho House’s 12th and largest House.  Shapack Partners performed all landlord work and tenant build out and Soho House Chicago opened to its members on August 11, 2014.

www.sohohousechicago.com

WeWork Fulton Market

In July 2013, Shapack Partners strategically acquired a six-story, 90,000 square foot meat processing facility two blocks north of Soho House Chicago.  Built in 1893 and expanded in 1920 by the Vette & Zuncker Packing Co., the building, since 1974, had been operated by Amity Packing Co.  Shapack Partners extensively renovated and repositioned 210-220 N. Green Street as WeWork Fulton Market.  WeWork, a creative workspace provider, signed a long-term lease to occupy all of the office space on floors 2 thru 6, a portion of the ground floor and the lower level.  Shapack Partners performed all landlord work and tenant build out and WeWork opened in July 2015 to its 1,000 members located within the building. The property has approximately 10,000 square feet of commercial retail space on the ground floor and rooftop, which is available for lease.  Additionally, Bike Park by WeWork, an open-to-the-public bicycle garage with showers and lockers, is operating in the lower level of the building at 210 N. Green St.  

www.wework.com/locations/chicago/fulton-market 

Formento's & Nonna's

Shapack Partners first acquisition in Fulton Market was 917-925 W. Randolph St. which comprised of 3 buildings at the corner of Randolph and Sangamon.  Shapack Partners completed its landlord work on the adaptive reuse of the existing 14,000 square foot, 2-story, former market produce building and adjacent single story building in June 2014.  B. Hospitality Group, owners and operators of the critically acclaimed restaurants The Bristol and Balena and the recently opened Swift & Sons steakhouse in Fulton Market District, signed a long-term lease with Shapack Partners for both buildings.  Formento’s, a traditional Italian restaurant, opened in January 2015.  In addition to Formento’s, B. Hospitality Group operates a 120-seat private dining room on the second floor of the building as well as Nonna’s, a gourmet sandwich deli.  Chef Tony Quartaro runs both kitchens.

 www.formentos.com

MOMOTARO, IZAKAYA, & BOKA RESTAURANT GROUP CORPORATE HQ

Three blocks from Formento’s, across Green Street from WeWork Fulton Market, and 1 block north of Soho House Chicago, Shapack Partners acquired and adaptively reused an existing 14,400 square foot, 3-story building at 820 W. Lake Street in July 2014 for Boka Restaurant Group.  BRG, one of the leading restaurant operators in the country, owns and operates Girl & the Goat, Little Goat Diner, GT Fish & Oyster, Boka Restaurant, J. Parker, Perennial Virant, Elaine’s Coffee Call, Swift & Sons steakhouse and the soon to open Duck Duck Goat & GT Prime opened Momotaro in October 2014.  Boka signed a long-term lease for 11,000 square feet of the building for Japanese restaurant Momotaro & Izakaya lounge and 3,800 square feet for BRG's corporate headquarters.  Shapack Partners performed the landlord work.

 www.momotarochicago.com  www.bokagrp.com

7-STORY OFFICE BUILDING wiTh GROUND FLOOR RETAIL SPACE

Shapack Partners acquired the 16,000 sf of land at the SW corner of Halsted and Fulton in 2014 with plans to develop a 7-story, 70,000 square-foot office building with 8,000 sf of ground floor retail space in the spring of 2016.  Located adjacent to the FULTON MARKET DISTRICT gateway sign, the building will be masonry and concrete construction with an authentic warehouse look in keeping with the historic neighborhood.  Shapack Partners completed the entitlements via a planned development in the spring of 2015 and construction will be completed in spring of 2017.

11-STORY PLUS PENTHOUSE OFFICE BUILDING WITH GROUND FLOOR RETAIL SPACE

Shapack Partners acquired 13,000 sf of land mid block on N. Peoria St. between Lake Street and Fulton Market in July 2013 with plans to construct an 11-story plus penthouse, 120,000 square-foot office building with 5,500 sf of ground floor retail space at 213-221 N. Peoria Street in late spring 2016.  Located directly behind the WeWork Fulton Market flagship building, the office building will feature masonry at the base of a glass and steel mid-rise and will include indoor parking and a rooftop amenity space with and outdoor deck that will have unobstructed views of the Chicago skyline for the office tenants.  Shapack Partners completed the entitlements via a planned development in the fall of 2015 and construction will be completed in spring of 2017.

Single story retail building

In February 2014, Shapack Partners acquired 217-219 N. Green Street, a vacant 50 foot wide parking lot located steps from Momataro and across the street from WeWork's Fulton Market flagship.  Shapack Partners will develop a single story, 5,100 square foot commercial building on this site. 

29-STORY residential building - the parker fulton market - 730 w. couch place

Shapack Partners acquired a 22,500 square foot site at the southeast corner of N. Halsted Street and W. Lake Street, commonly known as 171 N. Halsted Street, at the entrance to Fulton Market District and a block away from WeWork, Soho House and Momotaro in February 2014.  The site was the last remaining DX-7 zoned parcel in the district.  Shapack Partners completed a planned development in the fall of 2014 which up zoned the site to DX-11.15 using allowable bonuses including the adopt a landmark bonus and began construction in early 2015 of a new construction, 29-story residential rental building with 227 apartments, 155 parking spaces and 9,000 square feet of retail space located on the ground floor with an anticipated delivery of early June 2016.  The luxury residential high-rise will include an outdoor pool and sundeck, a dog walk, a gym, the Commons space on the 6th floor and an entertaining space for residents on the 29th floor with unobstructed views of the city's skyline.  The unique curved shape of the building was designed by Booth Hansen.