mixed-use

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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Hyde Park Labs Now Topped Out at Hyde Park’s Harper Court Complex

Construction has topped out for Hyde Park Labs, a 13-story, 215-foot-tall mixed-use development located at 5201 S Harper Avenue within Hyde Park’s Harper Court Complex. Primarily catering to companies focused on STEM fields, this collaborative venture between Beacon Capital Partners, Trammell Crow Company, and The University of Chicago will provide 302,000 square feet of space with a total investment of $225 million. Alongside the lab and office areas, the building will also feature 4,000 square feet allocated for retail and 40,000 square feet for amenities.

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