Fulton Bond and the Maturation of Fulton Market

Photo credit to KPF and ParkFowler Plus

Fulton Market has spent the last decade in constant motion. Warehouses became restaurants, restaurants gave way to offices, and offices ushered in a wave of residential development dominated largely by rentals.

The approval and forward movement of Fulton Bond marks a different moment. Not an experiment. Not a trend. A shift toward permanence.

This is Fulton Market stepping into its next phase.

A Condo Project That Reflects Where the Neighborhood Is Now

Located at 1325 West Fulton Street, Fulton Bond is fully approved and moving forward as a large-scale, for-sale condominium development. The project spans a full city block and will deliver more than 200 residences across multiple towers.

That matters because Fulton Market has historically been a rental-first neighborhood. Ownership options existed, but at a boutique scale. Fulton Bond changes that equation by introducing true new-construction condos at a size that establishes a market, not just a moment.

This is not a rental conversion or a hybrid model. It is purpose-built for ownership.

What Is Being Built

Fulton Bond will be developed in phases and consist of three residential towers. The first phase rises approximately 29 stories and introduces roughly 80 residences. Later phases add two additional towers, including a taller third tower that will exceed 500 feet, bringing the total count to approximately 240 homes.

Residences are planned as 2, 3, and 4 bedroom layouts with interior sizes ranging from roughly 2,400 square feet to more than 4,500 square feet. Early pricing guidance places homes from around $1M into the mid $7M range, positioning the project firmly within the upper tier of the West Loop market.

Architecturally, the design references Fulton Market’s industrial past while delivering a modern residential experience. Brick materials, articulated podiums, and integrated open space are intended to soften the scale of the towers while maintaining a strong street presence.

Credit Where It Is Earned

Fulton Bond is being developed by Sulo Development, and that deserves clear acknowledgment.

I have represented multiple clients in Sulo’s previous projects, including 21 North May and 1109 West Washington. Those homes stand out not because of hype, but because they were executed thoughtfully. Layouts functioned well. Materials aged properly. Buildings held their value.

Among the condo projects I’ve been fortunate enough to sell, Sulo’s work consistently ranks among the best. That track record matters as Fulton Bond moves forward at a much larger scale.

Why Fulton Bond Matters

This project does more than add inventory. It establishes a new ownership benchmark within Fulton Market.

Once sales begin, Fulton Bond will create pricing reference points that extend beyond its own site. Nearby resale buildings and future developments will be evaluated against it. Buyers who previously viewed Fulton Market as a place to rent will now have a clear path to long-term ownership without leaving the neighborhood.

That kind of shift changes how a district is valued and how long people choose to stay.

Fulton Market Growing Up

Every neighborhood reaches a point where it stops being experimental and starts being established. Fulton Market is reaching that point.

Restaurants and offices remain part of its identity, but projects like Fulton Bond signal that buyers are willing to commit long-term. Not just to a building, but to the neighborhood itself.

That is how places evolve from popular to enduring.

Final Thought

Fulton Bond is not just another development announcement. It reflects a broader transition in Fulton Market from flexibility to permanence and from rental-driven growth to ownership-ready living.

With approvals secured, an experienced developer at the helm, and a neighborhood that has clearly matured, this project feels less like a gamble and more like a natural next step.

It will be worth watching closely, not because it is new, but because of what it represents.

If you’re interested in learning more about Fulton Bond, including early insight as the sales center prepares to open, feel free to reach out. I’m happy to share what’s known so far and how the project is coming together.