Skip to content
Homepage
  • Market
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Events
  • Real Estate Awards
  • Subscribe
  • Publications

Sterling Bay plans 523-foot, mixed-use tower on Michigan Avenue

March 25, 2019
Share on Facebook Share on Twitter Share on LinkedIn Share via email

The veil has been lifted on Sterling Bay’s plans for the property at 300 N. Michigan Avenue in Chicago. According to 42nd Ward Alderman Brendan Reilly, the Chicago-based developer seeks to replace an empty, four-story building on the site with a 47-story, 523-foot structure designed by bKL Architects.

Sterling Bay acquired the property in 2013; a report in 2017 by the Chicago Tribune indicated that they sought to demolish the existing building and erect a residential high-rise. The new plans, which they are co-developing with Magellan Development, include a 280-key hotel, in addition to 290 residential units.

The base of the building will reportedly contain approximately 25,000 square feet of retail space, in addition to separate hotel and residential lobbies, hotel amenity space and a fitness center shared between the two uses. Above that would be ten floors of hotel, 29 floors of residential and an amenity level near the top for residents that includes a rooftop deck. In total, the building will have parking for only 26 automobiles, all under ground.

According to Ald. Reilly, the proposal is backed by the Chicago Loop Alliance and The Magnificent Mile Association. Sterling Bay has requested a zoning change, meaning the project will have to go before the Chicago Plan Commission, the Zoning Committee and the City Council. Ald. Reilly hasn’t announced any public meetings, but is seeking input from his constituents.

Tags
bkl architectsChicagohospitalityIllinoisloopmagellan developmentmultifamilySterling Bay
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
TexasMultifamily

Fairstead acquires 160-unit affordable-housing development in Houston

July 10, 2025
TexasOffice

Avison Young brokers sale of 151,340-square-foot office building in Dallas

July 10, 2025
TexasMultifamily

StreetLights Residential breaks ground on third phase of luxury multifamily project in Dallas market

July 10, 2025
MichiganIndustrial

Friedman Real Estate closes sale of 62,800-square-foot industrial property in Detroit

July 10, 2025

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Events
  • Office Locations
  • Advertise
  • Terms and Conditions
  • Contact
© 2025 REjournals.com