Sterling Bay to break ground by 3Q on Lincoln Yards project

The Steelyard is part of $6 billion North Side project

Chicago /
Jan.January 24, 2022 10:30 AM

Rendering of The Steelyard in Lincoln Yards (Sterling Bay, iStock)

Sterling Bay is expected to break ground on its latest Lincoln Yards project by the third quarter after it was approved by the Chicago Plan Commission.

An 800,000-square-foot development called The Steelyard will include a 19-story, 350-unit residential building, a 15-story commercial building and a market hall, the Chicago Business Journal reported. It will also have office space and a 6.5 acre riverfront park open to the public, according to Julie Goudie, spokeswoman for Sterling Bay, the Chicago company behind the development. Construction is expected to end within 24 months of the starting date.

(Courtesy of Sterling Bay)

“We expect to start construction in mid- to late summer 2022,” Goudie told the Chicago Business Journal. “The informational presentation to the Plan Commission was the last step in the public review process.”

The Steelyard is part of the Lincoln Yards project, a $6 billion, 53-acre development on former industrial land along the North Branch of the Chicago River.

Goudie said several more buildings will be built after The Steelyard is completed, as well as several infrastructure projects to support the new developments, such as Throop Street Bridge, an extension of The 606, an elevated park built on a former rail line, as well as new Riverwalk space and a water taxi stop.

[Crain’s] – Harrison Connery





    Related Articles

    arrow_forward_ios
    A photo illustration of Cook County (iStock)
    Cook County friendlier to homeownership than other markets
    Cook County friendlier to homeownership than other markets
    Bears George McCaskey with Soldier Field
    Minor league baseball complex aired for new Chicago Bears stadium
    Minor league baseball complex aired for new Chicago Bears stadium
    The John Buck Company's chairman and CEO John A. Buck II in front of a rendering of the planned two-tower office building project at 655 West Madison Street (The John Buck Company, Juan Gabriel Moreno Architects, iStock)
    John Buck shifts to two-tower plan for West Loop project
    John Buck shifts to two-tower plan for West Loop project
    1134 Taylorsport Lane (Redfin, JS Eckert)
    Life’s a beach at these five Chicago-area lakeside homes
    Life’s a beach at these five Chicago-area lakeside homes
    311 W Walton Street (LoopNet)
    River North office building triples in value since 2014
    River North office building triples in value since 2014
    Tishman Speyer's Rob Speyer with 850 West Washington Boulevard
    Tishman Speyer scraps plan for office tower near Fulton Market
    Tishman Speyer scraps plan for office tower near Fulton Market
    Onni Group’s Duncan Wlodarczak with 700 West Chicago Avenue (LinkedIn, Google Maps, iStock)
    Onni buys Goose Island site near casino site for $45M
    Onni buys Goose Island site near casino site for $45M
    Citadel's Ken Griffin (Citadel, iStock)
    Miami nabs another big name as Citadel’s Griffin shifts HQ
    Miami nabs another big name as Citadel’s Griffin shifts HQ
    arrow_forward_ios

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

    Loading...