Sterling Bay, one of Chicago’s busiest commercial developers, has revealed plans to build a new nine-story, 400,000-square-foot, $200 million office building on the site of the Coyne College trade school at 330 N. Green Street in Chicago’s booming Fulton Market District. The real estate giant is responsible for other high-profile West Loop office projects such as the Google campus at 1K Fulton and the redevelopment of Oprah’s former Harpo Studios into McDonald’s corporate headquarters. According to Crain’s, Sterling Bay completed the acquisition of Coyne’s West Loop campus in July, paying $25 million for the property.
News of the school’s plans to part ways with its 76,000-square-foot Fulton Market building and move to 1 N. State Street in the Loop was first reported by DNAinfo earlier this year. Sterling Bay’s proposed office building — which will require city approval to move forward — is slated for a parking lot immediately east of Coyne’s main building. While speaking to Crain’s about the company’s preliminary plans for the site, Sterling Bay Managing Principal Andy Gloor, did not rule out a demolition of the current structure.
Considering the immediate area's booming office market and the fact that the developer is reportedly in talks with a large tenant, things could move rather quickly. More details such as site plans and renderings can be expected to break cover in the near future.
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