Beyond their very public office redevelopment of the old Fulton Market Cold Storage warehouse and a noteworthy interest in complementary hotel development, Sterling Bay Companies also closed on six deals for smaller properties in the Meatpacking District. The idea is to fan out their office portfolio and capitalize on what they believe is severe unmet demand in the area, as Crain's tells it. The biggest undertaking would be the completion of the partially-built and abandoned MarchFirst Inc. campus at 1380 W Fulton— suitable for up to 300,000 square feet of new office space. And lest one think Sterling is afraid of lands beyond the cushy confines of the Meatpacking District, the developer is also moving to acquire and rezone vacant land at 1100 W Grand, beside the Kennedy, where they'd like to plop a 106,000-square-foot office building (at right). Restaurant and retail ventures are meant to be integrated into several of the West Loop developments.
·After Google deal, developer cooks up plans for nearby properties [Crain's]
·Sterling Bay Companies [official]
·Sterling Bay Coverage [Curbed Chicago]