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.
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).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!