Sterling Bay was recently granted city approval for their first primarily residential development in the West Loop, 160 N Morgan. Although Sterling Bay hasn’t done much residentially in the area, they are certainly no strangers the neighborhood and have significantly impacted West Loop real estate through their massive commercial ventures, like the Ace Hotel, office buildings like Fulton West, 333 N Green St, 1000 Fulton (home to the Google midwest headquarters), and most notably, the McDonald’s global headquarters, which they sold for a record breaking $412 million last year. 160 N Morgan is being designed by bKL architecture.
The 29 story high rise will bring 282 luxury apartments and 2000 square feet of commercial space to what is arguably one of the hottest intersections in the West Loop– the corridor of Morgan Street between Fulton Market and Randolph. The new high rise will be at the site of a former bank (turned into Luna Bay Kombucha in the interim) next door to popular Federales restaurant and bar.
Although the composition of units at 160 N Morgan hasn’t been solidified yet, it is currently planned to be a mixture of studio, convertible, 1, 2, and 3 bedroom apartments, with most of those apartments being studios and convertibles. 160 N Morgan will also be a full amenity building with multiple amenity decks, including an expansive common outdoor space on the top floor, a dog run, and more.
Sterling Bay is expected to break ground by the end of this year with a two year approximate timeline for construction.
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