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Sterling Bay JV Files Plans for Multifamily at Edge of Lincoln Yards
A Sterling Bay joint venture wants to build a 15-story, 359-unit apartment building on a vacant property at the eastern edge of Sterling Bay’s Lincoln Yards megaproject, Crain’s Chicago Business reported, citing a zoning application filed with the city.
Sterling Bay would develop the apartment building in a JV with Dallas-based Lone Star Funds, one of its partners in the Lincoln Yards project. The building would be more horizontal than vertical, stretching across a long, thin lot directly across the street from Lincoln Yards, according to the zoning application.
The property is just outside the boundary of Lincoln Yards, a collection of office, residential and lab buildings planned along the North Branch of the Chicago River west of Lincoln Park. It’s also just south of a site where Sterling Bay wants to construct a nine-story apartment building that would be the city’s tallest mass-timber structure constructed since the Great Chicago Fire.
- ◦Development
