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Sterling Bay Goes Spec

A confident move that only makes sense for a Fulton Market expert like Sterling Bay. The firm plans to start construction this spring on its nine-story, Fulton West spec office project (290k SF and 790 parking spaces) at 1330 W Fulton Market, Crain’s Chicago Business reports. The site has been home to the stalled MarchFirst HQ project for over a decade. Since spec isn’t lenders’ favorite word, Sterling Bay will start the project all equity until those key anchors get signed. (Read about its recent $220M refi of 1K Fulton, pictured, almost full and opening early next year, here.) Stay tuned on permits and zoning. For now, check out River Point, Chicago’s most high-profile spec office development, in our slideshow here.

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