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Chicago & Midwest  + Downtown  + Apartments  |  July 11, 2023
Sterling Bay Tops Out 28-Story Residential Development Leading Chicago-Based Developer Celebrates Project Milestone, Reaching 28-Stories at New Amenity-Rich Residential Development Sterling Bay recently celebrated the structural completion of 225 N Elizabeth, the firm’s latest residential development in Fulton Market
Jasmine Kilman
By: Jasmine Kilman

Sterling Bay Tops Out 28-Story Residential Development

Sterling Bay recently celebrated the structural completion of 225 N Elizabeth, the firm’s latest residential development in Fulton Market, with a topping-out ceremony hosted on the 26th floor of the building.

Chicago’s Vice Mayor and 27th Ward Alderman Walter Burnett, Jr., Sterling Bay’s project leadership team, and partners at Ascentris, McHugh Construction, and Hartshorne Plunkard Architecture attended.

The property will offer 350 units to continue accommodating the growing demand for rental units in one of Chicago’s most popular submarkets. 225 N Elizabeth is being developed in partnership with Ascentris and includes financing from Citizens and Old National Bank. Ascentris is also partnering with Sterling Bay on The Dylan.  

“Despite an evolving commercial real estate landscape, the demand for upscale rental residential is rising,” said Andy Gloor, CEO of Sterling Bay. “225 N Elizabeth embodies the character of a vibrant urban lifestyle, providing residents with a next-level living experience in one of Chicago’s most sought-after neighborhoods.”

Image Credit, Sterling Bay; Project partners gather to celebrate topping out milestone at 225 N Elizabeth

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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