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Sterling Bay unloads site in Chicago’s Fulton Market zoned for apartment tower

Sale of $18 million comes as developer shifts direction
Sterling Bay has sold a development site at 350 N. Morgan St. in Chicago for $18 million. (Robert Gigliotti/CoStar)
Sterling Bay has sold a development site at 350 N. Morgan St. in Chicago for $18 million. (Robert Gigliotti/CoStar)
CoStar News
September 24, 2025 | 9:25 P.M.

Sterling Bay has sold a Fulton Market site where it previously planned to build a 573-unit apartment tower, the latest in a series of moves to reshape the well-known Chicago development firm after losing control of the massive Lincoln Yards site on the city’s North Side.

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