Lincoln Yards

Sterling Bay Plans Property Sales for Lincoln Yards Megadevelopment

7:30 am on April 20, 2024 By Cooper Billingsley

Sterling Bay is seeking a financial partner for the Lincoln Yards megadevelopment and is planning to sell land adjacent to the 53-acre site to meet debt repayment deadlines. CBRE has been hired to sell properties at three locations,1907 N Mendell Street, 1901 N Elston Street and 1500 W Cortland Avenue, which were initially part of the $6 billion mixed-use project. Amid financial difficulties, Sterling Bay has been selling properties, including an industrial property sold last year for $4 million, Crain’s Chicago Reported.

Two Investors Looking To Potentially Fund Lincoln Yards

7:45 am on March 14, 2024 By Ian Achong

Potential financing has been revealed for the Lincoln Yards megadevelopment near Goose Island. The money would come from Florida-based Kayne Anderson Real Estate who is exploring becoming the primary financial backer for the project according to Crain’s. The 53-acre development has stalled as the lending market has changed since its original announcement in 2018.

Renderings Revealed For 1840 N Marcey Street In Lincoln Park

7:45 am on October 18, 2023 By Ian Achong

Renderings have been revealed for the mixed-use development at 1840 N Marcey Street in Lincoln Park. Located just west of N Clybourn Avenue across the river from Lincoln Yards, the proposal will replace a one-story commercial building bound by railroad tracks to the south. Developer Sterling Bay presented the SCB-designed to local neighbors at a community meeting earlier this week.

1840 N Marcey Street Advances To Committee On Zoning

7:30 am on September 22, 2023 By Ian Achong

The mixed-use development at 1840 N Marcey Street in Lincoln Park has advanced to be reviewed by the Committee on Zoning. Located west of N Clybourn Avenue and across the river from Lincoln Yards, the proposal will replace a one-story commercial building near the recently announced 2033 N Kingsbury Avenue. Developer Sterling Bay is working with local-firm SCB on its design, adding to all of their other surrounding projects.

City Announces First Phase Of 606 Trail Extension

7:30 am on July 19, 2023 By Ian Achong

The City of Chicago has announced its plans to proceed with the extension of the 606 trail in Bucktown. The extension will only be a portion of the greater planned expansion that will take the trail into the Lincoln Yards megadevelopment, near which we saw another two residential buildings proposed earlier this week. The Chicago Department of Transportation is leading the work with an unannounced design team already working on plans.

Details Revealed For Mixed-Use Development Near Lincoln Yards

7:45 am on July 17, 2023 By Ian Achong

Initial details have been revealed for a mixed-use development at 1840 N Marcey Street in Lincoln Park. Located just west of N Clybourn Avenue and across the river from Lincoln Yards, the proposal will replace a one-story commercial building adding on to the recently announced 2033 N Kingsbury Avenue. Similar to that project, this one is also being developed by Sterling Bay with local firm SCB working on its design.

Construction Dates Announced For Next Phases Of Lincoln Yards

7:45 am on May 2, 2023 By Ian Achong

An updated construction timeline has been revealed for the Lincoln Yards mega development near Goose Island. With work completed on the initial phase of Ally at 1229 W Concord Place, developer Sterling Bay presented their updated phasing plan closer to what was revealed in 2021 during a recent community meeting. The next round of construction will also be phased out and with structures designed by various firms and plenty of new outdoor space.

Next Phase of Lincoln Yards to Break Ground Next Month

7:45 am on April 7, 2023 By Jack Crawford

The Lincoln Yards mega-development is set to enter its next phase as two of its riverfront parcels, D2 and D3, are scheduled to break ground next month. Following the completion of the life sciences ofice building at 1229 W Concord early this year, developer Sterling Bay has reevaluated the phasing plan for the Hartshorne Plunkard Architecture and Gensler-designed project, likely due to shifts in the economy. This adjustment prioritizes the development of mixed-use structures at the D2 and D3 parcels, located just north of 1229 W Concord.

YIMBY Tours 1229 W Concord Place within Lincoln Yards Master Plan

7:45 am on January 16, 2023 By Jack Crawford

This weekend, Chicago YIMBY had the opportunity to tour the nearly complete 1229 W Concord Place, the first building of the broader Lincoln Yards plan. Developed by Sterling Bay, the plan calls for a 53-acre urban revamp of a former North Branch industrial corridor. This first installation will offer 320,000 square feet of Class A medical research labs geared towards biotechnology and bioscience tenant companies.

Renderings Revealed For Next Phase Of Lincoln Yards

7:45 am on January 10, 2023 By Ian Achong

Updated details have been revealed for one of the next phases of the Lincoln Yards mega-development near Goose Island. As work wrapped up on Ally at 1229 W Concord late last year, developer Sterling Bay has shifted its originally announced phasing plan on the HPA and Gensler designed proposal. The change is most likely due to a changing economy and thus brings the two mixed-use structures at the D2 and D3 riverfront parcels just north of Ally to the forefront. While parcels D1 and the market place were set to be delivered prior, no movement has been seen on those, a more detailed breakdown can be found here.

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