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Transactions - JANUARY 25, 2019

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Chicago Plan Commission approves $6b Chicago waterfront development

by Andrea Zander

The Chicago Plan Commission has approved a $6 billion development that would transform 55 acres along the North Branch of the Chicago River.

Sterling Bay is the developer of the Lincoln Yards megaproject. The developer will need to pass through the City Council zoning and finance committees and the city's Community Development Commission as it vies for full City Council approval before pro-development Mayor Rahm Emanuel leaves office in May, reported Crain’s.

Lincoln Yards would run between North and Webster avenues along the river, with the first phase of development starting close to Webster. The first phase includes a pair of office buildings and a retail and parking structure just south of the new C.H. Robinson office building at 1515 W. Webster Ave. The office buildings would total more than 1.3 million square feet with 233 combined parking spaces, wh

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