Chicago developer Sterling Bay purchases Dilworth property for $6M, planning apartment tower
Chicago developer Sterling Bay is planning a luxury apartment tower at the edge of South End and Dilworth following its purchase of 0.6 acres last week.
The developer paid $6million for 0.6 acres on the corner of South Boulevard & East Park Avenue. Ryan Walsh, Sterling principal acquisitions lead, stated that the project is still in its early design phases. He said that South End has a lot of apartments, both low-rise and high-rise. Sandwich Max is the current owner of the property. Sandwich Max was previously Sub Station II and Beijing Chinese Restaurant. Sandwich Max's employee told CBJ yesterday that they were trying to find the solution. He said that the site had been in his family for some time so it is an excellent opportunity to acquire a well-located piece that wasn't previously available. Although renderings and project specs were not available, Walsh stated that the development would include ground-floor retail. He stated that Sterling doesn't need to undergo a rezoning process and construction could start as soon as 2023.