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A building permit is now pending for the mixed-use development at 1224 W Randolph Street in Fulton Market. Located near the intersection with N Elizabeth Street, the project was first announced nearly three years ago. The development team—Azur Holdings and Golub & Company—purchased the land in late 2023.

Designed by SCB, the tower is the latest proposal for a site that was previously slated for a hotel. After several design revisions, the current version was approved by the city in 2023 but has remained idle since. However, recent activity indicates progress: the developers applied for building permits late last year, and approvals have been steadily moving forward.