Sterling Bay is partnering with concert promotion company Live Nation on multiple entertainment venues in its Lincoln Yards development along the North Branch of the Chicago River.
Plans call for building as many as five venues in the 70-acre complex, ranging from a 100-seat amphitheater to 6,000-8,000-seat venues.
Those are in addition to the previously announced 20,000-seat stadium Sterling Bay plans to build in Lincoln Yards that will be home to a United Soccer League expansion team led by majority owner Tom Ricketts, chairman of the Chicago Cubs.
“We are thrilled to be executing on such a unique project,” Andy Gloor, managing principal at Sterling Bay, said in a statement. “Chicago already has a reputation as an entertainment hub and we are excited for the community to have easy access to a variety of new events with some of the biggest names in music.”
Plans are to finish the venues by 2021. The would be open year-round and available to the community when not being used for events, a Sterling Bay spokesperson said.
The 70-acre development, pitched as potential site for Amazon’s second headquarters, is planned for a mostly industrial stretch straddling the Chicago River near the corner of Cortland Street and Southport Avenue. It includes the former A. Finkl & Sons steel plant property.
The massive mixed-use project also will include residential, retail and office space; hotels and restaurants; a six-acre park and an expansion of The 606 trail.
Skidmore, Owings & Merrill is designing the master plan.