Welcome Home & Welcome Back: Stead 220 Opens Its Doors as Urbanbelly Sets Its Sights on Fulton Market

By Socialhood News · Il/Chicago/Near West Side · April 2, 2026

Near West Side is celebrating a big double milestone this week, as two exciting developments signal the neighborhood's continued momentum heading into spring.

First, the newly completed Stead 220 tower at the corner of West Fulton and North Ada is officially open for move-ins. The stunning 29-story residential building brings 308 apartments to the heart of Fulton Market — with a notable community-minded twist: 62 of those homes, roughly 20% of all units, are reserved as affordable housing at a weighted average of 60% AMI. Developed by Shapack Partners, CRG, and KMW Communities, Stead 220 also adds over 12,300 square feet of new retail space, bike parking, and green-roof areas to the block, replacing what was once a single-story warehouse. Leasing tours are already underway for anyone ready to plant roots in one of Chicago's most dynamic neighborhoods.

And for food lovers, beloved Asian comfort food institution Urbanbelly is heading to Fulton Market. Chef Bill Kim's celebrated restaurant will open its new home at 950 W. Fulton St. in early May 2026, as part of a new partnership with Cornerstone Restaurant Group and Taratsa Hospitality Partners — joining an exciting complex that already includes Morgan's on Fulton, Pitaki, and live music venue The Wild Hare. Follow Urbanbelly and Stead 220 on social media for the latest updates, and get ready to explore what's new right in your backyard!

Sources:
1. https://hoodline.com/2026/03/fulton-market-scores-29-story-stunner-with-stead-220-tower/
2. https://www.chicagofoodmagazine.com/news/urbanbelly-to-relocate-to-fulton-market-in-partnership-with-taratsa-hospitality-partners-and-cornerstone-restaurant-group