Lincoln Yards

Sterling Bay Plans Property Sales for Lincoln Yards Megadevelopment

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.

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1840 N Marcey Street Advances To Committee On Zoning

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.

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