CHICAGO — A new 30-story residential tower may soon rise in Chicago’s booming Fulton Market District, as Domus Real Estate Group presented a large-scale development proposal at a community meeting earlier this week. The 215 N. Racine Ave. project would replace an existing three-story structure and surface parking lot with a modern mixed-use high-rise designed by Archeo Design Studio.
Project Overview: 347 Units, Retail, and Transit-Oriented Amenities
The proposed tower will include:
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347 residential units
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70 affordable units to comply with Affordable Requirements Ordinance (ARO)
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1,128 square feet of ground-floor retail
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88 car parking spaces
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350 bicycle parking spaces
At 364 feet tall, the building features a full-footprint podium base with softened, rounded corners and a setback amenity deck on the top levels. The structure’s facade will incorporate glass and metal paneling for the residential portion and perforated metal mesh to screen the parking levels.
According to the presentation reported by Urbanize Chicago, the tower’s ground floor will include the residential lobby, leasing offices, and street-facing retail along Racine Avenue.
Zoning Request and Timeline
To move forward, Domus Real Estate Group is requesting a rezoning of the site from DX-5 to DX-16, which would allow for increased density. This includes an 8.7 Floor Area Ratio (FAR) bonus through contributions to the Neighborhood Opportunity Fund.
The site will also require approvals under a Planned Development designation, with review needed from:
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The Chicago Plan Commission
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The Committee on Zoning
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The Chicago City Council
If approved, construction is expected to begin in Q2 2026.
Why This Matters for Fulton Market
Fulton Market continues to attract high-density, transit-accessible housing as Chicago’s tech and business scenes expand westward. The 215 N. Racine project adds to a growing trend of mixed-use towers aimed at balancing luxury and affordability while promoting walkability and public transit use.
This development reflects the city’s broader urban goals—affordable housing integration, economic development, and density near transit corridors. It also raises questions about how fast the neighborhood can grow while maintaining livability and character.
Do you live or work in Fulton Market? What do you think about this 30-story proposal and its impact on the neighborhood’s future? Let us know your thoughts in the comments below.
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