Claiming the 30th spot in Chicago YIMBY’s year-end countdown, Sterling Bay’s ALLY at 1229 W Concord Place is now rising above grade along the North Branch Corridor. The structure will be oriented toward medical research companies, offering 280,000 square feet of Class A medical research lab space and attached conference and creative office space. The 144-foot-tall edifice serves as the first step in the developer’s 55-acre Lincoln Yards masterplan, set to yield nearly 15 million square feet of mixed-use programming at a projected cost of $6 billion.
Tenant features come with flexible floor plates, large private balconies, and soaring 15-foot ceiling spans. Other amenities include a double-height lobby, a fitness and wellness center, a tenant lounge, an event space with a stage and pre-function bar, and a conference center with a flexible work lounge. Accessory outdoor spaces involve a sloped terrace facing out onto the river, as well as 128 feet of new river frontage that will integrate with Lincoln Yards’ planned stretch of Riverwalk. There will also be a 55-car parking garage built into the lower level and accessible from Concord.
With Gensler behind the glassy design, ALLY takes on a somewhat space-age architectural style, with massive floor-to-ceiling Vision Glass windows and white custom finish metal trimming. The bulk of the massing is also split into two offset halves with rounded corners. The top six floors of the northern half will jut dramatically out towards the river, hanging over the aforementioned terrace area.
While transportation options will evolve significantly over the next decade as Lincoln Yards floods the area with new bus, rail, boat, and even trail access. Various bus and rail options are currently readily available around the property. Bus stops for Routes 9 and 72 can be found via a three-minute walk south to North Ave & Throop. Other buses within a roughly 10-minute walk include Route 73 to the northwest and X9 to both the northwest and southwest.
As far as various rail options, the Metra is available at Clybourn station via a 13-minute walk northwest. Nearest CTA L trains can be found for the Red Line at North/Clybourn station, a 15-minute walk southeast. Meanwhile, those looking to board the Blue Line will find Damen station via a 20-minute walk west and Division station via a 20-minute walk southwest.
With a $125 million financing deal locked in earlier this summer and Power Construction now serving as the general contractor, a full completion is expected for the second half of 2023.