Chicago & Midwest | August 29, 2018

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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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