Planning agency backs 43-story building for Fulton Market

The Chicago Plan Commission approved two residential towers Thursday, including a building that sets a new height standard in Fulton Market.

Members approved a 43-story tower for 906 W. Randolph St., a project backed by Tucker Development and Related Midwest. Under discussion for at least two years, the project is going forward because the developers have agreed to provide affordable housing on the site, said Ald. Walter Burnett Jr. (27^th), who represents the area.

The building will provide 300 units. Burnett said he won a commitment that 60 units will be offered at prices deemed affordable for those with lower incomes under a city program.

Data from the Council on Tall Buildings and Urban Habitat indicate the building will be the tallest in Chicago west of Halsted Street. The design is by New York’s Morris Adjmi Architects.

The $215 million project also calls for developers to pay $4.87 million to the city’s Neighborhood Opportunity Fund, which helps commercial districts in struggling areas.

Planners also approved a 12-story residential tower at 1200 N. State St. With 91 units, the $72 million project is backed by the firm Newcastle Ltd.

The commission’s endorsements send the projects to the City Council for final action.

Newcastle Ltd.