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Chicago & Midwest  + Chicago + Downtown  + Apartments  | 
160 N Morgan will be the first residentuial project in Fulton Market for Sterling Bay

Sterling Bay JVs with Ascentris on Fulton Market Apartment Tower

Sterling Bay and Denver-based private equity firm Ascentris formed a joint venture to develop 160 N Morgan, a Class A residential tower with ground-floor retail in the Fulton Market. The project marks Sterling Bay’s residential development in Fulton Market and is expected to break ground during the first quarter. 

“The city is experiencing a boom in modern, highly amenitized residential development, a niche that Sterling Bay has become known for in its development of future-forward spaces like McDonald’s Global Headquarters and Google’s Midwest Headquarters,” said Sterling Bay CEO Andy Gloor. “Forming a JV with Ascentris now allows us to access their team’s decades of investment knowledge and operational experience in the multifamily space.” 

Situated directly across from the CTA Morgan Station, the building will house 254 market-rate residential units, 28 affordable residential units, 89 parking spaces, 2,600 rentable square feet of ground-floor retail. 

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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 16-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 7-10 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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