Sterling Bay Proposes 15-Story Apartment Building Across from Lincoln Yards
Sterling Bay, the real estate developer behind the $6 billion Lincoln Yards masterplan, has revealed plans for a new 15-story apartment building directly to its east in Lincoln Park. The project faces Sterling Bay’s mega-assemblage from across the North Branch river, calling for 359 new units on a parcel addressed as 2031-2033 N Kingsbury Avenue. Of the total unit count, 36 on-site residences will be affordable. In addition, Sterling Bay will contribute $5.1 million to the city affordable housing fund. The Chicago-based developer has partnered with Lone Star Fund as a joint venture, further continuing their collaboration beyond Lincoln Yards.