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Sterling Bay Planning 29-Story Apartment in Fulton Market

Sterling Bay Planning 29-Story Apartment in Fulton Market

Sterling Bay is planning a 390-unit apartment tower at 370 N. Carpenter Street in the bustling Fulton Market, reported Crain’s. The 29-story project would redevelop a 10,414-square-foot building that Sterling Bay bought for $4 million in 2013.

Sterling Bay wants to demolish the single-story building in the former meatpacking district and develop a new 390-unit apartment tower. The project would include 156 parking spaces and 6,670 square feet of ground floor retail space, according to the outlet. The building would include 78 affordable units to adhere to Chicago’s ordinance on affordable housing requirements for new apartment projects.

Sterling Bay has a series of high-profile projects underway in Chicago, including the nearby 160 N. Morgan Street property and the 28-story apartment building at 225 N. Elizabeth Street. Sterling Bay also recently signed an office lease in Fulton Market, adding to the boom of activity in the neighborhood.


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Sterling Bay

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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