Hello Chicago! Sterling Bay partners with Live Nation on entertainment venues in Lincoln Yards

Plans for the development along the North Branch of the river range from a small amphitheater to a 20K-seat stadium

Chicago /
May.May 17, 2018 07:00 AM

Sterling Bay and Live Nation plan entertainment venues in Lincoln Yards (Credit: SOM/Sterling Bay)

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.”

Sterling Bay and Live Nation plan entertainment venues in Lincoln Yards (Credit: SOM/Sterling Bay)

Sterling Bay and Live Nation plan entertainment venues in Lincoln Yards (Credit: SOM/Sterling Bay)

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.

Sterling Bay and Live Nation plan entertainment venues in Lincoln Yards (Credit: SOM/Sterling Bay)

Sterling Bay and Live Nation plan entertainment venues in Lincoln Yards (Credit: SOM/Sterling Bay)

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.


Related Articles

arrow_forward_ios
Blackstone’s Jonathan Gray and CenterPoint CIO Jim Clewlow with one of the properties, 225 Spring Lake Drive, Itasca (Getty, Linkedin, Google Maps)
Blackstone expands industrial reach with $151M Chicago buy
Blackstone expands industrial reach with $151M Chicago buy
(Arlington Park, Google Maps)
Churchill Downs looks to sell 326-acre Arlington Park race track
Churchill Downs looks to sell 326-acre Arlington Park race track
Chicago this week raised indoor dining to 40% of a venue's capacity. (iStock)
Filling up: Chicago boosts indoor dining capacity
Filling up: Chicago boosts indoor dining capacity
Photo illustration of the Silver Lake Country Club (Silver Lake CC, iStock/Illustration by Kevin Rebong for TRD)
Orland Park golf club hits market as residential redevelopment
Orland Park golf club hits market as residential redevelopment
Sterling Bay’s Andy Gloor (right), JPMorgan’s Jamie Dimon and 370 North Carpenter Avenue in Fulton Market, one of two properties the companies are selling. (Sterling Bay; Getty; Google Maps)
Sterling Bay and JPMorgan test appetite for redevelopment
Sterling Bay and JPMorgan test appetite for redevelopment
Sterling Bay CEO Andy Gloor and Prudential Plaza (Getty)
Sterling Bay sues Tribune over $5M in skipped rent
Sterling Bay sues Tribune over $5M in skipped rent
Berkadia CEO Justin Wheeler with Moran & Co.'s Tom Moran (Getty)
Berkadia picks up longtime multifamily brokerage
Berkadia picks up longtime multifamily brokerage
The owner of Johnny’s IceHouse East wants to sell the 50,000-square-foot building. (Johnny's IceHouse via Facebook, iStock)
No more ice ice, baby: Indoor skating rink hits market as redevelopment opportunity
No more ice ice, baby: Indoor skating rink hits market as redevelopment opportunity
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...