Sterling Bay

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.

Plans Revealed For Potential Mixed-Use Tower At 345 N Aberdeen Street In West Loop

7:45 am on February 17, 2024 By Ian Achong

Initial plans have been revealed for a potential mixed-use development at 345 N Aberdeen Street in the West Loop. The information comes as developer Sterling Bay submits a zoning application for the site, which currently holds the Cougle Commission factory. However the developer is selling the site, using the Gensler-designed project to rezone it as part of the sales package.

Sale Announced For 345 N Aberdeen Street In West Loop

7:30 am on January 14, 2024 By Ian Achong

Developer Sterling Bay has announced the sale of their property at 345 N Aberdeen Street in the West Loop. Bound by W Carroll Avenue to the south and rail tracks to the north, the site currently holds the Cougle Commission Company factory. The developer has brought on real estate company JLL to sell the property for them.

New Renderings Revealed For 370 N Carpenter Street In West Loop

7:45 am on January 12, 2024 By Ian Achong

Renderings have been revealed for the mixed-use development at 370 N Carpenter Street in the West Loop. Developer Sterling Bay held a community meeting for the project earlier this week where we received a first look at what the finished product may look like. Sitting on the intersection with W Kinzie Street, the project replaces a small industrial building with a new tower designed by HPA.

Community Meetings Announced For Upcoming Projects in Old Town and West Loop

7:45 am on January 4, 2024 By Ian Achong

Community meetings have been scheduled for two upcoming mixed-use towers in Old Town and West Loop. Combined the projects will bring over 800-residential units to the city; with one being located at 370 N Carpenter Street in the West Loop and the other being Old Town Canvas at 1610 N LaSalle Drive.

360 N Green Street Approaches Exterior Completion as Countdown’s Third Tallest Project

7:45 am on December 29, 2023 By Jack Crawford

As the third tallest construction project in our year-end countdown, the 24-story 360 N Green Street in Fulton Market is undergoing final exterior and landscaping work. The 500,000-square-foot office building, developed by Sterling Bay, will feature office spaces, 5,400 square feet of retail space, and a range of tenant amenities. Floor plates will scale up to over 26,000 square feet, offering tenants access to private balconies between 249 and 523 square feet on each floor.

225 N Elizabeth in Fulton Market Approaches Facade Completion as Seventh Tallest Construction Project

7:45 am on December 25, 2023 By Jack Crawford

Facade work is nearing completion at the 225 North Elizabeth Street project in Fulton Market, a collaboration between Sterling Bay and Ascentris. This 28-story mixed-use building, situated at the corner of Fulton and Elizabeth Streets, ranks seventh in the construction countdown and has reached its maximum height of 314 feet.

Facade Work Makes Final Push for 225 N Elizabeth Street In Fulton Market

7:45 am on November 20, 2023 By Jack Crawford

Final facade work continues to progress for a new high rise at 225 North Elizabeth Street in Fulton Market. The 28-story mixed-use tower is a joint effort between Sterling Bay and Ascentris and is situated at the intersection of Fulton and Elizabeth Streets.

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.

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