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Lincoln Yards Update

Posted by Susan Dickman on Monday, January 28th, 2019 at 5:46am.

Photo Credit: Sterling Bay

Lincoln Yards is probably one of the most anticipated developments in the Chicago area this year. As promised, we plan to keep you updated as more information becomes available.

Today, after a heated discussion, Sterling Bay is one step closer to the green light to build their mega project along the Chicago River. The Plan Commission approved Sterling Bay’s revised proposal, which didn’t sit right with residents in the North Side community. They were disappointed with 2nd Ward Alderman Brian Hopkins for backing Sterling’s plan so soon after revisions.

The revised plan is more detailed of course. The biggest change is the elimination of the 20,000-seat soccer field they originally proposed. That space will now be used a recreational park. The proposal also noted that office buildings on the property would total more 1.3 million square feet with 233 parking spaces and 74,000 square feet of retail space. Hopkins feels confident about the project and went on to say “I'm here to put my name and my reputation on the line in support of moving forward with Lincoln Yards today. We're here today because this is the right time to be here.”

 

Labor and construction groups in attendance supported the plan due to the number of jobs it would create. Sterling’s megaproject would create 24,000 permanent jobs and about 10,000 temporary construction jobs. Residents wanted more time to dive into the details of the project before making a decision, which they feel they wasn’t given. Overall, it’s a big win for Sterling Bay.

 

 

They now need the approval of the City Council zoning and finance committees and the city's Community Development Commission before celebrating. Again, as more information becomes available, we will keep you posted!

 

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