A pair of Chicago developers want to replace a vacant lot in Fulton Market’s innovation district with a new mixed-use tower, after previous plans fell through.

Parq Development and Luxury Living plan to build an 18-story tower that offers more housing than the site’s previous proposal by developer Newcastle Investors. Parq Development is led by Darren Sloniger, former president of Naperville-based Marquette Cos.

Sloniger was not immediately available for comment.

If approved, Parq and Luxury Living’s project will be the latest development in Fulton Market. A zoning application filed with the city last month outlines plans for 268 units — more than Newcastle’s planned 204 residences — with 54 affordable units on site, with rents at a weighted average of 60% of the area median income. Res

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