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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.
- ◦Development


