Historic Fulton Market Building Secures
.9 Million Tax Incentive for Furniture Showroom Transformation

By Socialhood News · Il/Chicago/West Loop ·

A historic West Loop landmark is getting a new lease on life after the Chicago City Council approved a significant tax incentive on November 14. The building at 1032 W. Fulton Market will undergo a $4.1 million rehabilitation by Senator International Property LLC, transforming the space into a modern furniture showroom while preserving its historic character.

The project secured a Cook County Class L property tax incentive valued at

.9 million over its 12-year term, demonstrating continued investment in preserving West Loop's architectural heritage while adapting spaces for contemporary use. This development contributes to the ongoing evolution of Fulton Market from its industrial roots to a vibrant mixed-use district while maintaining connections to its historic past. The neighborhood has transformed dramatically in recent years from an industrial hub to an area bustling with commercial activity, with this latest project continuing that positive trajectory.

West Loop residents interested in learning more about this and other historic preservation initiatives can attend upcoming community meetings hosted by the West Central Association or Neighbors of West Loop. The rehabilitation project represents another positive step in balancing growth with historic preservation in one of Chicago's most dynamic neighborhoods.

Sources:
1. https://www.chicago.gov/city/en/depts/dcd/provdrs/ec_dev/news/2025/november/landmark-tax-incentives-approved-for-loop--near-west-side-buildi.html
2. https://news.wttw.com/chicago-neighborhoods/west-loop