Development

The New Fulton Market? Local developer puts $50M bet on Humboldt Park

Aug 28, 2019

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The warehouse redevelopment project will seek to lure creative firms priced out of Fulton Market

In a bold move, IBT Group is transforming the 1300 block of North Kostner Avenue in Humboldt Park with "Humboldt Lit," a $50 million adaptive reuse project converting three warehouse buildings into a mixed-use hub that blends retail with creative office lofts. Designed to attract creative firms priced out of Fulton Market, the development marks a forward-looking expansion of Chicago’s business footprint westward—bringing innovation and economic opportunity to a growing neighborhood.

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