A Chicago construction firm has paid $34 million for the southern portion of the Lincoln Yards site on the city’s North Side, further winding down longtime owner Sterling Bay’s involvement in what once was envisioned as a multibillion-dollar mixed-use project.
Southern piece of Chicago’s Lincoln Yards sells
Novak Construction affiliate buys approximately 18-acre riverfront site
By Ryan Ori
CoStar NewsJanuary 5, 2026 | 11:02 P.M.
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IN THIS ARTICLE
- Properties
- 1685 N Throop Street
1685 Throop St, Chicago, IL
- Companies
- Sterling Bay
Construction
- J.P. Morgan Asset Management
Finance and Insurance
- Novak Construction Company
Construction
- Contacts
- John Novak
Founder & President, Novak Construction Company