Shapack Partners, a multi-asset class development company rooted in the Fulton Market District, and CRG are developing a multifamily residential building at 220 N. Ada St. in Fulton Market. The partnership has secured full capitalization for the 29-story residential development. The mixed-use project will include 308 rental apartments, 62 of them affordable, and 12,300 square feet of ground-floor retail. Apartments include studios, one- and two-bedrooms, as well as nine penthouse units.
Shapack Partners and CRG are developing 220 N. Ada St. along with Bill Williams, founder and principal of KMW Communities, LLC (“KMW”), a Chicago-based developer. KMW has led or participated in a wide range of residential, commercial, and mixed-income public/private partnership developments in Chicago. The partnership with KMW is part of CRG’s PILLAR initiative. PILLAR is CRG’s diverse developer program which works closely with a group of Chicago-based developers aimed to address the lack of diversity in commercial real estate.
Rising 314 feet, 220 N Ada St. will be positioned on a 27,244 square-foot parcel at the corner of West Fulton and North Ada streets, replacing a one-story warehouse building. Demolition is scheduled for February, with a groundbreaking in March.
Designed by SOM as architect-of-record, the property features a façade comprised of dark grey metal projections extending vertically and horizontally with expansive floor-to-floor windows throughout. The residential units located on floors 5-28 will be positioned atop a three-story podium and fourth-floor indoor and outdoor resident amenity space. The podium, which will house a lobby, retail, and parking, fronts North Ada and West Fulton streets and is divided into two masses, with the portion under the residential portion replicating the building’s gridded glass and metal façade. The second half of the podium is wrapped in black brick with large openings for storefront windows on the ground floor and the terrace on the rooftop.
220 N. Ada St. is sustainably designed and will exceed local energy codes, reduce water use, include EV charging stations, provide additional EV-charging readiness, and dedicate a significant area for green roofs and working landscapes. The team has also committed to ensuring 80% construction waste diversion.
Construction on the project will begin in March and is expected to deliver in early 2026. CRG’s parent company, Clayco, is the builder, and its subsidiary Ventana designed and will install the building’s window-wall façade.
Interiors designed by Gensler incorporate rich textures and warm tones, from leather-clad and jewel-toned velvet furnishings and statement fixtures to richly paneled wall coverings. Drawing inspiration from hospitality design, the interiors exude an inviting ambiance, blending modern elegance with comfort to create welcoming spaces.
Residential units will be available in a mix of unit layouts ranging from 400 to 1,400 square feet. Open floor plans include wide-plank wood-style flooring throughout and floor-to-ceiling windows that showcase the building’s architectural detailing and surrounding cityscape. Kitchens are outfitted with wood cabinetry, stone countertops, vertical subway tile backsplash, generous islands, and panelized appliances.
In alignment with the Affordable Housing Special Assessment Program (“AHSAP”), 20% of the units at 220 N. Ada St. will be designated as affordable housing at a weighted average of 60% area median income (“AMI”).
220 N. Ada St. is Shapack’s twelfth Fulton Market development and CRG’s fourth residential development in Chicago.