Hopkins backing Sterling Bay’s newest Lincoln Yards megaproject plans

The alderman’s support will be crucial as plan gets its first official city review this week

TRD CHICAGO /
Jan.January 21, 2019 09:00 AM

Brian Hopkins and Andy Gloor with renderings of Lincoln Yards (Credit: Facebook, Chicago Architecture, and Lincoln Yards)

Alderman Brian Hopkins (2nd) said he supports Sterling Bay’s newest vision for the $5 billion Lincoln Yards project on the North Branch of the Chicago River.

The Chicago developer over the weekend unveiled its latest version of the plans for the 54-acre mega-development, and Hopkins said he will now back the project when it appears before the Chicago Plan Commission on Thursday, according to the Chicago Tribune.

Hopkins’ support is essential for the project under the unwritten rule of “aldermanic privilege,” and it comes after a number of instances in which he pushed back against Sterling Bay’s efforts to advance the project. Most recently, the developer dropped plans for a 20,000-seat soccer stadium and an entertainment district after Hopkins said he wouldn’t support them.

“Every change that I pushed Sterling Bay to make was the result of community consensus around these issues,” Hopkins told the Tribune.

The revised plan calls for as many as 6,000 new residential units and about 15 million square feet of buildable space. It will include a mix of office, residential, hotels, retail and entertainment venues. [Chicago Tribune] — John O’Brien

 

Related Articles

arrow_forward_ios
Liberty Mutual at 27201 Bella Vista in Warrenville (Google Maps)

Chicago’s Q3 suburban office market hits highest vacancy in decade

Chicago’s Q3 suburban office market hits highest vacancy in decade
Sterling Bay CEO Andy Gloor and 1515 West Webster Avenue (Google Maps)

Sterling Bay will sell Lincoln Yards office building for over $100M

Sterling Bay will sell Lincoln Yards office building for over $100M
Mayor Lori Lightfoot (Getty, iStock)

Lightfoot to propose $94M property tax hike

Lightfoot to propose $94M property tax hike
110 N Carpenter Street in Fulton Market (Photo via Sterling Bay)

Sterling Bay, JPMorgan near deal to sell McDonald’s HQ for $430M

Sterling Bay, JPMorgan near deal to sell McDonald’s HQ for $430M
Brian Whiting, CEO of Telos Group, and the Old Post Office (Credit: Google Maps)

Lonely at the top: 601W Cos. opens Old Post Office rooftop park in WFH world

Lonely at the top: 601W Cos. opens Old Post Office rooftop park in WFH world
Cars.com CEO Alex Vetter and the building (Credit: Google Maps)

Cars.com wants to shrink its space at West Loop HQ

Cars.com wants to shrink its space at West Loop HQ
Thor Equities’ Joseph Sitt and Palmer House Hilton at 17 East Monroe Street (Google Maps)

Thor’s Palmer House hit with $300M+ foreclosure suit

Thor’s Palmer House hit with $300M+ foreclosure suit
Sterling Bay CEO Andy Gloor and a rendering of facility (Sterling Bay/Gensler)

Sterling Bay plans 320K sf research lab at Lincoln Yards

Sterling Bay plans 320K sf research lab at Lincoln Yards
arrow_forward_ios

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

Loading...