Chicago developers are starting construction of what’s billed as the first geothermal-powered, all-electric apartment high-rise in the city, a 383-unit tower in Fulton Market, after securing construction financing.
Chicago’s first geothermal, all-electric apartment tower kicks off
Developers secure financing to start work on 383-unit building
By Ryan Ori
CoStar NewsJuly 16, 2026 | 11:21 P.M.
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IN THIS ARTICLE
- Properties
- Phase 1
410 Elizabeth St, Chicago, IL
- Companies
- Magellan Development Group, LLC.
Real Estate
- Mark Goodman & Associates Inc.
Finance and Insurance
- Contacts
- Theodore Weldon
Principal, Tree Street Group
- Rodrigo d'Escoto
Principal, Tree Street Group