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Sterling Bay’s Lincoln Park Housing Project Advances
A two-tower multifamily development proposed by Sterling Bay that had advanced through the initial hurdle of zoning approvals is now facing a delay in the process amid opposition from a local alderman.
The deferral came less than a week after the mayoral-appointed City Plan Commission approved the development near Lincoln Yards despite objections from Ald. Scott Waguespack, whose 32nd Ward encompasses the site. Both Waguespack and Sterling Bay’s zoning attorney requested a vote in the City Council’s Zoning Committee be deferred until a later meeting.
Sterling Bay plans to build a 25-story building with 615 apartments at 1840 North Marcey Street on a former industrial site near the developer’s $6 billion Lincoln Yards megaproject, reported Crain’s. The larger building was previously proposed at 27 stories.
The Sterling Bay project’s journey through the approval process is seen as a test case for Johnson’s comittment to improve and streamline administrative processes to build housing and commercial developments in Chicago.
