Tall & Urban News

Developer Sterling Bay is planning to redevelop the site of the former Archer Daniels Midland flour mill, at 1300 West Carroll Avenue in Chicago, with a pair of mixed-use buildings.  

A zoning application seeks approval for a 38-story building containing 338 apartments, parking for 460 vehicles, and more than 18,580 square meters of offices on the eastern portion of the site along Elizabeth Street. It also notes plans for a second phase that will include a tower on the western end. While those plans are “subject to future site plan approval,” the second tower would rise almost 30 meters (100 feet) taller than the first and include 633 apartments, parking for 255 vehicles and 52,954 square meters (570,000 square feet) of offices.

Sterling Bay completed the US$25 million purchase of the more than 0.8 hectare (two acre) property on the western edge of the Fulton Market District in 2020 and demolished the old flour mill earlier in 2021, despite a push from local preservationists to maintain and reuse the historic structures. The new development would be Sterling Bay’s largest apartment project to date.

Under the city’s recently adopted ordinance that requires more affordable housing for new apartment projects, Sterling Bay says it will make 20 percent, or 194 units, affordable. 

For more on this story, go to Crain’s Chicago Business.