Murphy Development plans a seven-story office building near Google’s Midwest headquarters, the latest project sprouting up around the technology company’s Fulton Market outpost.
Murphy is buying the former Sam’s Meat warehouse at 328 North Carpenter Street from Venture Capital, and is taking over a planned 100,000-square-foot project on the site, according to Crain’s. The building would also include 10,000 square feet of ground-floor retail and a 9,000-square-foot rooftop deck.
CEO John Murphy said the acquisition and construction costs would total $50 million.
A number of other developers plan office projects around the Google property. Developer Mark Goodman wants to build a 12-story, 268,000-square-foot office property just east at 310 North Sangamon Street, while construction firm Summit Design + Build is putting up a five-story office building at 1040 West Fulton Street.
Sterling Bay has a project in the works across the street from Google at 345 North Morgan Street, where it aims to build a movie theater, and just bought property immediately north of Google at 1000 West Carroll Avenue for $20 million.
The Fulton Market project is among several irons in the fire for Murphy, most notably its role as lead developer on the former Cook County Hospital redevelopment. [Crain’s] — John O’Brien