CHICAGO | Lincoln Yards

[Handro]

Early 2021 groundbreaking planned for $6 billion Lincoln Yards megadevelopment on North Side

https://www.chicagotribune.com/colum...y5a-story.html

Sterling Bay plans to break ground on the $6 billion Lincoln Yards megadevelopment early next year, starting with an eight-story, 320,000-square-foot building along the Chicago River.

The building, which will house offices and lab space, will be at the south end of the sprawling former industrial site, CEO Andy Gloor said. The Gensler-designed building will be just north of a Home Depot store at 1142 W. North Ave., which is not part of the 55-acre Lincoln Yards parcel.

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The Lincoln Yards plans are moving forward after Sterling Bay signed molecular engineering technology firm Evozyne to a 30,000-square-foot lease at a separate life sciences building it owns at 2430 N. Halsted St.

The 120,000-square-foot facility is more than 50% leased and is expected to be full by the end of the year, Gloor said.

The facility is expected to serve as a tenant pipeline for Lincoln Yards, which also expects to sign large, well-established biotech and pharmaceutical companies, Gloor said.

“We think there can be millions of square feet” leased to biotech firms in Lincoln Yards, he said. “The demand is there.”

So looks like they are marketing LY as a science hub of sorts, not sure if that had been revealed before?

Interesting considering similar plans for The 78 and additional research space planned for the Medical district. Does this mean Chicago is going all in in the science/research sector?