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Sterling Bay Holds Ceremonial Groundbreaking in Fulton Market
Following a Crain’s Chicago Business report that Sterling Bay had secured $100 million in financing for 345 N Morgan in the Fulton Market District, the developer held a groundbreaking ceremony for the 200,000-square-foot office and retail project Wednesday. The ceremony’s participants included Ald. Walter Burnett, Deputy Mayor Samir Mayekar and project partners including Skender and Eckenhoff Saunders Architects.
“Sterling Bay began pre-development on 345 N Morgan many months before COVID-19 was on anyone’s radar,” said Andy Gloor, CEO of Sterling Bay. “In fact, we were ready to begin digging at the site in early March 2020, just days before everything – including this particular project – came to a swift halt.”
To rise on a site acquired by Sterling Bay in 2014, 345 N Morgan is a speculative development that will offer future tenants open, customizable floor plates for maximum flexibility and collaboration, the developer said.
- ◦Development
