Lincoln Yards Mega-Project in Expansion Mode
Sterling Bay appears to be expanding the scope of its proposed Lincoln Yards mega-project in the North Branch Industrial Corridor. Crain’s Chicago Business reported that the developer has acquired two properties near the project site from a third-generation scrap-metal recycler.
The Lincoln Yards site had reached 53 acres by the time Sterling Bay made its first formal presentation on the project last month, before the two acquisitions from Safran Metals. Published reports have said the site could reach 100 acres.
The plan Sterling Bay presented last month envisions building 12 million square feet of office, retail, hotels and residential buildings, along with a 20,000-seat soccer stadium. If fully realized, the plan would bring about 23,000 jobs to the formerly industrial North Branch, and as many as 5,000 apartments.
Crain’s reported that the developer is meeting with several neighborhood groups and is expected to provide more details in the coming months.
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