Fulton Market Penthouses to Top $7.6M

Sulo Development has a history of progressively elevating price points in the West Loop. The firm's Hayden West Loop project saw a top sale of $4 million in 2017, which was later surpassed by their Embry development that set the current neighborhood record at $7.6 million. Fulton Bond is explicitly designed to break this most recent benchmark. The development at 1325 W. Fulton St. consists of two towers, one 23 stories and the other 33, housing a total of 149 condos. The project, a collaboration between architecture firm KPF and interior designers MAWD, features a masonry and brick facade with arched forms that reference the industrial heritage of Fulton Market. Fulton Bond will include 40,000 square feet of amenities, such as a heated outdoor pool, sundeck, golf simulator, and dedicated wellness spaces for yoga, meditation, and a sauna. The interior design philosophy focuses on creating a "private home" feel rather than that of a conventional condominium, blending the neighborhood's industrial character with warmth and craftsmanship. This project's pricing strategy is a significant test for the ultra-luxury market's westward expansion. Over the past five years, 17 of 18 Chicago condo sales above $7 million occurred east of Clark Street, primarily in established lakefront neighborhoods like the Gold Coast. The only sale to break that geographic barrier was Sulo's own Embry penthouse. The buyer profile for Fulton Market often includes entrepreneurs and executives drawn to new construction and the neighborhood's innovative atmosphere, contrasting with the Gold Coast's appeal to those seeking historic architecture and long-term stability. This distinction is sharpening as the 2026 market becomes increasingly neighborhood-focused, with luxury properties showing continued resilience. The continued push of high-end residential projects contributes to strong rental market performance in the West Loop and Fulton Market. The area saw a 5% year-over-year increase in price per square foot in mid-2025, supported by a high concentration of new buildings delivered since 2016.