The Real Deal Chicago

Beyond Lincoln Yards: Sterling Bay plans two more Fulton Market office projects

Developer wants to add 18-story and 11-story buildings to growing portfolio in the booming neighborhood
March 14, 2019 09:00AM

Sterling Bay’s Andy Gloor and the Pioneer Wholesale Meat property at 1000 West Carroll Avenue

Sterling Bay plans two more office buildings in Fulton Market, again demonstrating it has a lot more irons in the fire than just Lincoln Yards.

The prolific Chicago developer filed a zoning application with the city calling for a total of 750,000 square feet of new commercial space in an 18-story building at 1000 West Carroll Avenue and an 11-story building at 345 North Morgan Street, according to Crain’s.

Sterling Bay bought the former Pioneer Wholesale Meat property on Carroll, just north of Google’s Midwest headquarters, for about $20 million last year. It had planned a movie theater and parking garage on the Morgan Street property, but is now shifting to an office project on the site.

Sterling Bay has continued to acquire and develop properties in Fulton Market, even as it navigated the Lincoln Yards megaproject through a tortuous approval process that culminated Wednesday with the City Council’s approval.

The firm is constructing a 19-story office building at 333 North Green Street, part of a planned three-building complex on the block that will add a total of 1.7 million square feet of office space on the former Coyne College site. [Crain’s] — John O’Brien