Community Members Ask Sterling Bay: ‘What’s The Rush?’

Community Members Ask Sterling Bay: ‘What’s The Rush?’

In the wake of Second Ward Alderman Brian Hopkins’ bombshell announcement last week withdrawing support for a proposal to create a 20,000-seat soccer stadium at the controversial Lincoln Yards site, developer Sterling Bay has scrambled to make adjustments before a key meeting of the Chicago Plan Commission next Thursday. 


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Co-Living Company Quarters Raises $300M To Fund U.S. Expansion

Co-Living Company Quarters Raises $300M To Fund U.S. Expansion

The world’s biggest co-living company has secured funding to drive its U.S. expansion.
Quarters, a subsidiary of Germany-based Medici Living Group, announced on Wednesday that it has secured $300M in funding from a combination of Medici and W5 Group, the family office of Ralph Winter. The money will be spent over the next three years to launch co-living locations in New York, Washington, D.C., San Francisco, Los Angeles, Chicago, Boston, Philadelphia, Denver, Austin, Seattle and Miami. Quarters already has two locations open in New York and one in Chicago.
The specific location of any forthcoming spaces has not been disclosed yet, but signings will be…


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Local Club Owners Still Waiting On Sterling Bay To Explain Lincoln Yards Plan

Local Club Owners Still Waiting On Sterling Bay To Explain Lincoln Yards Plan

It seems like a victory.
The Chicago Independent Venue League, formed last year by club owners around Sterling Bay’s proposed Lincoln Yards project, had loudly voiced concerns that a massive entertainment complex run by events promoter Live Nation could harm the local music scene. Listening to that outcry, Second Ward Alderman Brian Hopkins forced Sterling Bay to do away with the large Live Nation entertainment district and replace it with a series of smaller venues. 

But the local club owners aren’t satisfied yet.


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The Future Of Fulton Market Lies In New Office Towers, Not Renovated Industrial Lofts

The Future Of Fulton Market Lies In New Office Towers, Not Renovated Industrial Lofts

The first wave of major development in the Fulton Market neighborhood is coming to an end, but a new one is just beginning.


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This article was imported from an external RSS feed distributed by Bisnow. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
O’Hare Demand Still Robust As Firms Occupy Second-Generation Spaces

O’Hare Demand Still Robust As Firms Occupy Second-Generation Spaces

Demand for logistics space in the dense market around O’Hare Airport continues to be robust, and even though new options are opening up, some growing distribution firms are willing to lease up second-generation space.
ODW Logistics Inc. became the latest to do so by signing a lease expansion that was one of the largest deals completed near the airport in 2018. It will occupy 5300 Proviso Drive, a 343K SF building constructed in Melrose Park in 1982. It had signed a lease for between 200K and 250K SF in 2017, according to data from CompStak. The new lease starts in September 2020. …


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Largest Spec Development In 100 Years Secures A Tenant

Largest Spec Development In 100 Years Secures A Tenant

It looks like the risk of launching Chicago’s largest speculative industrial development in more than a century is going to pay off.
First Logistics, an Illinois-based 3PL, will expand from its facility in suburban Alsip and immediately occupy 331K SF of Marina Crossings, a just-completed 633K SF facility at 2075 West 43rd St. on the South Side in the McKinley Park neighborhood.
Marina Crossings Owner LLC, a joint venture between MAT Limited Partnership and institutional investors advised by J.P. Morgan Asset Management, developed the spec project. It is the city’s largest since builders broke ground on the Central Manufacturing District in 1905, and was…


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This article was imported from an external RSS feed distributed by Bisnow. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
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