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Sterling Bay plans yet another Fulton Market office tower
The 14-story building would be Sterling Bay’s 10th office development in the booming West Loop neighborhood
Sterling Bay has again bet big on Fulton Market, a neighborhood it helped transform into one of the city’s hottest areas.
The developer is seeking to build its 10th office tower in Fulton Market at 1200 West Carroll Avenue, near its other commercial buildings. The proposed 14-story commercial building would be developed in partnership with pension and investment firm AustralianSuper on a nearly 60,000-square-foot lot owned by Sterling Bay, according to a zoning application filed last week.
It’s unclear what the building’s total square footage would be, but Sterling Bay would be allowed to build a 486,000-square-foot tower per the requested zoning change, according to Crain’s.
Meanwhile, Sterling Bay is finishing up its new headquarters at 333 North Green Street and will soon begin work on another building at 330 North Green Street. It already developed its old headquarters at 1330 West Fulton Street, Google’s Midwest offices at 1000 W. Fulton and McDonald’s headquarters at 110 North Carpenter Street, among others in Fulton Market.
Sterling Bay is also active in other parts of Chicago. It’s building a 47-story residential and hotel tower with Magellan near the Chicago River and the Magnificent Mile at 300 North Michigan Avenue. The developer is also behind the massive, $6 billion mixed-use Lincoln Yards development on 55 acres along the North Branch of the river.
The zoning request is expected to be introduced tomorrow to City Council.
Crain’s first reported Sterling Bay’s plans for the 14-story tower.