Sterling Bay Wants to Build a 47-Story Mixed-Use Tower Along Michigan Avenue
Chicago-based developer Sterling Bay has been in the news a lot lately, and most recently for another high-profile project that’s being proposed for the heart of Downtown.
According to a recent report from Crain’s, the company’s latest proposal could bring a 47-story mixed use tower to 300 N. Michigan, which could potentially include 280 hotel rooms and 290 residential units.
As mentioned by Crain’s, the building’s hotel portion would occupy the lower 10 floors and the residential portion on the remaining upper floors.
The plan also calls for 25,000 square feet of retail space on two levels along Michigan Avenue, as well as residential amenity usage on both the 5th floor and 46th floor.
The Chicago Loop Alliance has reportedly already backed the proposal, but approval from the Chicago Plan Commission, City Council Zoning Committee, and the rest of the City Council will still be needed for the project to move forward.