Artificial Intelligence
Builders Company
Developers/Sterling Bay
SB
Sterling BayChicago, United States · founded 1987 · 1 active markets
PRIVATE

Sterling Bay develops design-led office, life-sciences, residential, retail, industrial, and mixed-use communities across U.S. markets. Its vertically integrated model serves corporate tenants, residents, retailers, and institutional partners through urban infill, adaptive reuse, master planning, and hospitality-oriented development and project delivery.

Years in business
39
founded 1987
LinkedIn headcount
125
employees, as shown on LinkedIn · size band 51–200
Portfolio value
USD 5 billion; portfolio assets
as the company states it
Assets under management
USD 5 billion; assets managed
as published or estimated
Projects last researched October 11, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Sterling Bay Companies, LLC1
Headquarters
939 West Fulton Market, Suite 3001, Chicago1, United States
Founded
19871
Entity type
PRIVATE
Business model
commercial1, mixed use1, masterplan1
Markets
1 market listed
What they build
Office (6 of 10) · Retail (6 of 10) · Mixed use (6 of 10)
Full dossier in About →

Delivery record

8 date-assessed of 10 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
10
within the rolling ten-year window
Median delay
+0.8 mo
the middle of 8 scored projects
Average delay
+1.4 mo
the same projects, pulled by the worst
Average time to deliver
2.0 yrs
start to completion, over 8 delivered projects
Worst slip
+5.0 mo
Pacific Center – Phase 1 · +4.0 to +6.0
8
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

8 date-assessed here · 231 developers, 851 date-assessed projects in United States
Median delay
Sterling Bay·231 developers in United States
+0.8 mo vs +4.5 mo
this developer 3.7 mo better
The typical project on each side.
Average delay
Sterling Bay·231 developers in United States
+1.4 mo vs +7.5 mo
this developer 6.1 mo better
Both pulled by their worst few.
On time
Sterling Bay·231 developers in United States
100% vs 55%
this developer 45 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Sterling Bay·231 developers in United States
2.0 yrs vs 2.9 yrs
this developer 0.9 yrs faster
Start to completion, over 8 delivered here and 701 in the market.
Projects and timelines in Track Record →

Resident experience

5 of 10 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.0/ 10
Weighted judgment across build and operations · from 5 of 5 rated buildings
Little structure evidence (1 of 5 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
7.0/ 10
Fabric, services, waterproofing, envelope · from 1 of 5 rated buildings
Management & living
6.2/ 10
Upkeep, response times, amenities, community · from 5 of 5 rated buildings

Against other developers

5 rated here · 249 developers, 1288 rated buildings in United States
Overall rating
Sterling Bay · 249 other developers in United States
8.0 vs 7.8
this developer 0.2 better
The weighted verdict on each side. From 5 of 5 rated buildings here and 1288 in the market.
Structure & systems
Sterling Bay · 249 other developers in United States
— vs 7.0
Too few buildings with this score here to compare (1 of 5)
Fabric and engineering only — fixed at handover. From 1 of 5 rated buildings here and 542 in the market.
Management & living
Sterling Bay · 249 other developers in United States
6.2 vs 7.4
this developer 1.2 worse
Upkeep and response — belongs to whoever runs the building now. From 5 of 5 rated buildings here and 1245 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • FINANCIAL DISTRESS Reported March 31, 2025; the loan was placed on non-accrual status during 2024. Sterling Bay and partners transferred the northern portion of Lincoln Yards to lender Bank OZK by deed in lieu of foreclosure to resolve a maturing $126 million mortgage; Bank OZK had placed the loan on non-accrual status and written it down twice, while Sterling Bay said the transfer was an “unfortunate pause” and that it remained committed to the project.
  • FINANCIAL DISTRESS Reported March 20, 2026; transfer occurred in March 2026. Sterling Bay surrendered its vacant 320,000-square-foot life-sciences building at 1229 West Concord Place to Bank OZK by deed in lieu of foreclosure, satisfying a $65 million construction loan; the lender reported that the property’s carrying value had fallen to $50 million, and the building had remained empty since completion in early 2023.
  • LEGAL Court order March 22, 2022; NLRB dismissal April 6, 2022. A federal court allowed a tenant’s allegations to proceed past Sterling Bay’s motion to dismiss, alleging that Sterling Bay conspired with unions to enforce a union-only contractor policy and thereby impose higher costs; the court referred the labor-law issue to the NLRB and stayed the case, while the related NLRB charge was later dismissed and an appeal was recorded as untimely.
  • 3 more in Risk & Sources
Record status
active
Company sources
88 source entries across 88 fields
Projects tracked
10 · 10 completed in assessment
All flags and sources →

Track Record

Delivery record

8 date-assessed of 10 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
10
within the rolling ten-year window
Median delay
+0.8 mo
the middle of 8 scored projects
Average delay
+1.4 mo
the same projects, pulled by the worst
Average time to deliver
2.0 yrs
start to completion, over 8 delivered projects
Worst slip
+5.0 mo
Pacific Center – Phase 1 · +4.0 to +6.0
8
early or less than 6 months late
6 to 12 months late
0
yellow rows below
Over 12 months late
0
red rows below

Against other developers

8 date-assessed here · 231 developers, 851 date-assessed projects in United States
Median delay
Sterling Bay·231 developers in United States
+0.8 mo vs +4.5 mo
this developer 3.7 mo better
The typical project on each side.
Average delay
Sterling Bay·231 developers in United States
+1.4 mo vs +7.5 mo
this developer 6.1 mo better
Both pulled by their worst few.
On time
Sterling Bay·231 developers in United States
100% vs 55%
this developer 45 pts better
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Sterling Bay·231 developers in United States
2.0 yrs vs 2.9 yrs
this developer 0.9 yrs faster
Start to completion, over 8 delivered here and 701 in the market.
The market here is United States: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

10 of 10 projects dated · 5 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
San Diego, United States
Chicago, United States
Atlanta, United States
Elmhurst, United States
Miami, United States
201920202021202220232024202520262027todaySAN DIEGO, UNITED STATES+5 moverifiedCHICAGO, UNITED STATESon timeverified−0.5 moverified+2.5 moestimated+1.5 moverified+2.5 moverified+3 moestimatedATLANTA, UNITED STATES−1.5 moverifiedELMHURST, UNITED STATES+4.5 moverifiedMIAMI, UNITED STATESon timeverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 2 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

5 of 10 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
8.0/ 10
Weighted judgment across build and operations · from 5 of 5 rated buildings
Little structure evidence (1 of 5 buildings) — this rests mainly on whole-building and living reviews.
Structure & systems
7.0/ 10
Fabric, services, waterproofing, envelope · from 1 of 5 rated buildings
Management & living
6.2/ 10
Upkeep, response times, amenities, community · from 5 of 5 rated buildings

Against other developers

5 rated here · 249 developers, 1288 rated buildings in United States
Overall rating
Sterling Bay · 249 other developers in United States
8.0 vs 7.8
this developer 0.2 better
The weighted verdict on each side. From 5 of 5 rated buildings here and 1288 in the market.
Structure & systems
Sterling Bay · 249 other developers in United States
— vs 7.0
Too few buildings with this score here to compare (1 of 5)
Fabric and engineering only — fixed at handover. From 1 of 5 rated buildings here and 542 in the market.
Management & living
Sterling Bay · 249 other developers in United States
6.2 vs 7.4
this developer 1.2 worse
Upkeep and response — belongs to whoever runs the building now. From 5 of 5 rated buildings here and 1245 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

5 rated · 5 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
The Dylan at 160 N MorganFulton Market, Chicago282 units
9.4/ 10
—/ 10
6.1/ 10
VeryApt 9/10, 4/10, 5/10 · 1 review · veryapt.com
Combined from 3 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.1.

Google’s building-specific 4.7/5 aggregate from 95 reviews sets the level and converts to 9.1/10 under the supplied curve. Repeated resident praise for staff, maintenance and amenities supports a modest upward adjustment, while the single reported common-area guest limit is not a recurring complaint. No published material located in the reviewed sources supports a separate structure score.

+ Welcoming front-desk staff+ Responsive management+ Quick maintenance+ Well-regarded amenities+ Convenient Fulton Market location
− Two-guest limit in common areas

no notes returned

no links returned

Residents repeatedly describe the front desk and management as “helpful,” “welcoming,” “friendly and approachable,” and say maintenance is “quick and dependable.” The main operational reservation in the reviews was that common spaces and amenities have a “two-guest limit,” which one resident found restrictive; the same review still rated the experience 10/10.

545wynWynwood, Miami
9.2/ 10
—/ 10
4.9/ 10
545 WYN Google Reviews/Maps listing — parking facility 2/5 · 4 reviews · exa.ai
545 WYN Google Reviews/Maps listing — parking facility publishes 2/5 from 4 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 4.9.

The 4.8/5 building listing rating from 26 reviews is the largest qualifying review base and converts to 9.4/10 under the supplied curve. Three separate parking reviews report unexpected or early closures and trapped vehicles, so the result is reduced modestly to 9.2; there is no published structural rating.

+ Reported strong plumbing+ WELL Health-Safety recognition+ Indoor-air-quality systems+ Real-time air-quality monitors
+ Positive building impressions+ Upscale presentation+ Rooftop amenity deck+ Indoor/outdoor tenant lounge+ Wide parking garage
− Unexpected garage closures− Cars reportedly trapped overnight− After-hours parking response complaints

No resident engineering or defect review was located. Published building material reports “some of the best plumbing I've ever seen,” while a 2021 report says 545wyn received the WELL Health-Safety rating and describes indoor-air systems circulating 50% more outdoor air than a typical commercial office building.

The available building reviews are positive about presentation: reviewers wrote “Great new building” and “Very posh,” and one described the garage as “nice and wide, plenty of spaces.” The main operational complaint is parking access: three reviews describe early or unannounced closures, including a car being stuck and an after-hours number going unanswered.

The ElizabethFulton Market, Chicago350 units
8.1/ 10
7.0/ 10
AptAmigo 5/5, 4/5, 4/5, 5/5 · 1 review · aptamigo.com
Combined from 4 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.
7.3/ 10
AptAmigo 5/5, 5/5, 5/5, 5/5, 5/5, 4/5, 5/5, 5/5, 5/5 · 1 review · aptamigo.com
Combined from 9 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.3.

Google Reviews/Maps provides the largest published review base and sets the level at 4.3/5, converted to 7.9/10 under the requested curve. The written sample is positive overall and repeatedly praises management, staff and amenities, supporting a modest upward adjustment; train noise, inconsistent door staffing and odor complaints prevent a larger increase. AptAmigo is materially less representative because its published overall figures and category scores rest on one review.

+ Good temperature control+ Good water pressure+ Good sound insulation+ Comfortable units
+ Responsive management+ Kind management+ Welcoming concierge+ Strong amenities+ Residents feel safe
− Train noise− Inconsistent door staff− Neighbor smoke odor

The only building-systems feedback located was one AptAmigo resident review: water pressure, sound insulation and temperature control were scored 4/5, while the resident described the unit as comfortable. No published reports of leaks, flooding, HVAC failure, electrical problems or other serious physical-system failures were found.

Published resident feedback is mostly favorable: one reviewer wrote that “Management is very responsive and kind,” while another praised “Amazing staff” and said they felt safe; the AptAmigo review also rated management, door staff and security 5/5. The main negative was environmental and operational—“The train is beyond loud” and, in another review, smoke odor drifting from neighboring apartments—so the day-to-day experience appears good but not quiet for every resident.

360 North GreenFulton Market, Chicago
7.5/ 10
—/ 10
7.5/ 10

The only published building-level aggregate located was 4.4/5 from seven reviews, and the review base is below ten, so the score is kept within one point of 6.5 as required. The available comments are predominantly positive but are workplace/visitor feedback rather than resident evidence; no recurring complaint or praise theme was established, and no structural review evidence was published.

+ Positive IT-support feedback+ Positive general feedback
− Concierge-service complaint

no notes returned

no links returned

This is an office tower rather than a residential building, so the available review evidence reflects workplace visitors or users, not tenants living there. The published listing shows 4.4/5 from seven reviews; displayed comments include “WORLD CLASS IT SUPPORT AT THIS PLACE” and “good,” while one reviewer described a serious dispute with a concierge and said they were insulted, threatened with police, and removed.

1050 BrickworksWest Midtown, Atlanta
6.0/ 10
—/ 10
5.3/ 10
Google Reviews/Maps 1/5 · 1 review · exa.ai
Google Reviews/Maps publishes 1/5 from 1 review. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 5.3.

The largest published review aggregate is Google Reviews/Maps at 3.7/5 from 3 reviews, which converts to 6.1/10 under the specified curve. Because the review base is below 10, the result remains near the 6.5 midpoint; the one serious parking-exit report outweighs the limited positive praise slightly, producing 5.8/10. This is an office-and-retail property rather than a conventional residential building, so resident-year evidence is especially limited.

+ Prime location+ Good area access+ Positive building appearance+ Friendly on-site staff
− Parking kiosk and exit failure

no notes returned

no links returned

The available operational feedback is mostly favorable: reviewers called it a “beautiful building in a prime location,” praised its “excellent access,” and reported “very nice staff on site.” A separate parking review described an invalid ticket, conflicting cost information, difficulty at multiple exits and a “scary experience”; this is a serious single report rather than a recurring theme.

Only buildings that have reached handover are rated. 5 of 10 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Sterling Bay Companies, LLC
Headquarters
939 West Fulton Market, Suite 300, Chicago, United States
60607
Founded
1987
Chicago, United States
Entity type
PRIVATE
Revenue
USD 9.58 million annual revenue
Business model
commercial, mixed use, masterplan

Partners

9 partners
Ascentris
joint venture

Development partner for 225 N Elizabeth and 160 N Morgan.

Citizens
funder

Provided construction financing for 225 N Elizabeth.

First Midwest Bank
funder

Included in the capital structure financing 225 N Elizabeth.

CIBC Bank USA
funder

Provided senior-secured financing for 160 N Morgan.

McHugh Construction
contractor

General contractor overseeing construction of 225 N Elizabeth.

Walsh Group
contractor

Leading construction of 160 N Morgan.

BOWA Construction
contractor

Walsh Group’s joint-venture partner on 160 N Morgan.

Hartshorne Plunkard
partner

Lead architect for 225 N Elizabeth.

bKL Architecture
partner

Designer of 160 N Morgan.

Sources: partners

COMPANY2022-09-13

Sterling Bay Secures Financing For – And Breaks Ground On – New Multifamily Development In Fulton Market

Sterling Bay
225 N Elizabeth will be developed in partnership with Ascentris, a Denver-based private equity firm.
value seen: Ascentris
https://sterlingbay.com/sterling-bay-secures-financing-for-and-breaks-ground-on-new-multifamily-development-in-fulton-market/

Sources: partners

COMPANY2022-09-13

Sterling Bay Secures Financing For – And Breaks Ground On – New Multifamily Development In Fulton Market

Sterling Bay
The capital structure for 225 N Elizabeth includes financing from Citizens and First Midwest Bank.
value seen: Citizens
https://sterlingbay.com/sterling-bay-secures-financing-for-and-breaks-ground-on-new-multifamily-development-in-fulton-market/

Sources: partners

COMPANY2022-09-13

Sterling Bay Secures Financing For – And Breaks Ground On – New Multifamily Development In Fulton Market

Sterling Bay
The capital structure for 225 N Elizabeth includes financing from Citizens and First Midwest Bank.
value seen: First Midwest Bank
https://sterlingbay.com/sterling-bay-secures-financing-for-and-breaks-ground-on-new-multifamily-development-in-fulton-market/

Sources: partners

COMPANY2023-03-08

Construction Tops Out at 160 N Morgan, Sterling Bay’s First Residential Building in Fulton Market

Sterling Bay
The project’s capital structure includes senior-secured financing from CIBC Bank USA, headquartered in Chicago.
value seen: CIBC Bank USA
https://sterlingbay.com/construction-tops-out-at-160-n-morgan-sterling-bays-first-residential-building-in-fulton-market/

Sources: partners

COMPANY2022-09-13

Sterling Bay Secures Financing For – And Breaks Ground On – New Multifamily Development In Fulton Market

Sterling Bay
Chicago-based general contractor McHugh Construction will oversee construction of the project
value seen: McHugh Construction
https://sterlingbay.com/sterling-bay-secures-financing-for-and-breaks-ground-on-new-multifamily-development-in-fulton-market/

Sources: partners

COMPANY2023-03-08

Construction Tops Out at 160 N Morgan, Sterling Bay’s First Residential Building in Fulton Market

Sterling Bay
Walsh Group is leading construction alongside joint venture partner and certified minority-owned business BOWA Construction.
value seen: Walsh Group
https://sterlingbay.com/construction-tops-out-at-160-n-morgan-sterling-bays-first-residential-building-in-fulton-market/

Sources: partners

COMPANY2023-03-08

Construction Tops Out at 160 N Morgan, Sterling Bay’s First Residential Building in Fulton Market

Sterling Bay
Walsh Group is leading construction alongside joint venture partner and certified minority-owned business BOWA Construction.
value seen: BOWA Construction
https://sterlingbay.com/construction-tops-out-at-160-n-morgan-sterling-bays-first-residential-building-in-fulton-market/

Sources: partners

COMPANY2022-09-13

Sterling Bay Secures Financing For – And Breaks Ground On – New Multifamily Development In Fulton Market

Sterling Bay
Hartshorne Plunkard will act as lead architect.
value seen: Hartshorne Plunkard
https://sterlingbay.com/sterling-bay-secures-financing-for-and-breaks-ground-on-new-multifamily-development-in-fulton-market/

Sources: partners

COMPANY2023-03-08

Construction Tops Out at 160 N Morgan, Sterling Bay’s First Residential Building in Fulton Market

Sterling Bay
Designed by Chicago-based bKL Architecture
value seen: bKL Architecture
https://sterlingbay.com/construction-tops-out-at-160-n-morgan-sterling-bays-first-residential-building-in-fulton-market/

Registrations & licences

none found
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
United Statesactive 10 projects tracked

What they build

6 types
Office6 of 10
Retail6 of 10
Mixed use6 of 10
Other2 of 10
Industrial2 of 10
Residential, for rent2 of 10
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
AG
Andy Gloor
Andy is Sterling Bay’s CEO and oversees its national real-estate portfolio and 150-person team. His remit spans creative office, residential, industrial and life-science properties, and the company’s philanthropic initiative.
Current title
Chief Executive Officer
Experience
20+ years at sterling bay
Companies before
Insignia/ESG
Education
Miami UniversityBA in Political Science
Other boards
none sourced
Known for
National portfolio
https://linkedin.com/in/andy-gloor-b6533127a

Sources: degree

SOCIAL2026-09-26

Andy Gloor

LinkedIn
Andy ... earned a BA in Political Science from Miami University in Oxford, Ohio.
value seen: BA in Political Science
value paraphrased from this source
https://linkedin.com/in/andy-gloor-b6533127a

Sources: institution

SOCIAL2026-09-26

Andy Gloor

LinkedIn
Andy ... earned a BA in Political Science from Miami University in Oxford, Ohio.
value seen: Miami University
value paraphrased from this source
https://linkedin.com/in/andy-gloor-b6533127a

Sources: full name

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Andy Gloor Chief Executive Officer
value seen: Andy Gloor
https://sterlingbay.com/our-people/

Sources: previous companies

SOCIAL2026-09-26

Andy Gloor

LinkedIn
Before leading Sterling Bay, Andy was a Managing Director at Insignia/ESG, completing over five million square feet of commercial real estate transactions.
value seen: Insignia/ESG
value paraphrased from this source
https://linkedin.com/in/andy-gloor-b6533127a

Sources: role type

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Andy Gloor Chief Executive Officer
value seen: Chief Executive Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: summary

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
As CEO of Sterling Bay, Andy oversees a national real estate portfolio of $20B in existing and future real estate assets.
value seen: Andy is Sterling Bay’s CEO and oversees its national real-estate portfolio and 150-person team. His remit spans creative office, residential, industrial and life-science properties, and the company’s philanthropic initiative.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: tags

SOCIAL2026-09-26

Andy Gloor

LinkedIn
In his 20 years with the firm, Andy has directed Sterling Bay’s growth and evolution into a fully integrated, owner/operator real estate investment and development company.
value seen: 20+ yrs at Sterling Bay
held out of the figures · the quote does not carry this value
https://linkedin.com/in/andy-gloor-b6533127a

Sources: tags

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
As CEO of Sterling Bay, Andy oversees a national real estate portfolio of $20B in existing and future real estate assets.
value seen: National portfolio
held out of the figures · the quote does not carry this value
https://sterlingbay.com/our-people/

Sources: title

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Andy Gloor Chief Executive Officer
value seen: Chief Executive Officer
https://sterlingbay.com/our-people/
KC
Keating Crown
Keating is a managing principal focused on acquisitions, development and strategic capital relationships. He also sits on Sterling Bay’s executive and investment committees and oversees retail merchandising.
Current title
Managing Principal
Experience
no career length stated
Companies before
Tishman Speyer
Education
Duke UniversityBA
Northwestern University Kellogg School of Management and Pritzker School of LawJD-MBA
Other boards
Steppenwolf Theatre Company Board of Trustees
Known for
nothing tagged

Sources: degree

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
He earned a BA from Duke University and a JD-MBA from Northwestern University’s Kellogg School of Management and Pritzker School of Law.
value seen: BA
https://sterlingbay.com/our-people/

Sources: institution

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
He earned a BA from Duke University and a JD-MBA from Northwestern University’s Kellogg School of Management and Pritzker School of Law.
value seen: Duke University
https://sterlingbay.com/our-people/

Sources: full name

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Keating Crown Managing Principal
value seen: Keating Crown
https://sterlingbay.com/our-people/

Sources: other boards

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Keating serves as Chair of the Steppenwolf Theatre Company Board of Trustees and is on the 9/11 Memorial & Museum Board of Trustees.
value seen: Steppenwolf Theatre Company Board of Trustees
https://sterlingbay.com/our-people/

Sources: previous companies

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Keating began his career at Tishman Speyer, where he was Senior Director of Development.
value seen: Tishman Speyer
https://sterlingbay.com/our-people/

Sources: role type

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Keating Crown Managing Principal
value seen: Managing Principal
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: summary

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Keating focuses on new acquisitions and development, as well as strategic capital pursuits and relationships.
value seen: Keating is a managing principal focused on acquisitions, development and strategic capital relationships. He also sits on Sterling Bay’s executive and investment committees and oversees retail merchandising.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: title

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Keating Crown Managing Principal
value seen: Managing Principal
https://sterlingbay.com/our-people/
MM
Matt Menna
Matt leads Sterling Bay’s creative design and projects requiring operational or master-plan expertise. He also serves as managing principal of Four Corners Tavern Group, following 17 years at William Blair.
Current title
Managing Principal, Chief Design Officer
since 2012
Experience
no career length stated
Companies before
William Blair
Education
University of Illinois at Champaign-UrbanaBS in Business Finance
Other boards
Illinois Restaurant Association Board of Directors
Known for
nothing tagged
https://linkedin.com/in/matt-menna-179b257

Sources: degree

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
He earned a BS in Business Finance from the University of Illinois at Champaign-Urbana.
value seen: BS in Business Finance
https://sterlingbay.com/our-people/

Sources: institution

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
He earned a BS in Business Finance from the University of Illinois at Champaign-Urbana.
value seen: University of Illinois at Champaign-Urbana
https://sterlingbay.com/our-people/

Sources: full name

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Matt Menna Managing Principal, Chief Design Officer
value seen: Matt Menna
https://sterlingbay.com/our-people/

Sources: other boards

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
He oversees the philanthropic arm of Four Corners and serves on the Board of Directors for the Illinois Restaurant Association.
value seen: Illinois Restaurant Association Board of Directors
held out of the figures · the quote does not carry this value
https://sterlingbay.com/our-people/

Sources: previous companies

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Before joining Sterling Bay in 2012, Matt spent 17 years at William Blair.
value seen: William Blair
https://sterlingbay.com/our-people/

Sources: role type

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Matt Menna Managing Principal, Chief Design Officer
value seen: Managing Principal, Chief Design Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: since

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Before joining Sterling Bay in 2012, Matt spent 17 years at William Blair.
value seen: 2012
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: summary

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Matt leads the firm’s creative design efforts, serves on the executive and investment committees, and guides all projects requiring operational oversight or master plan design expertise.
value seen: Matt leads Sterling Bay’s creative design and projects requiring operational or master-plan expertise. He also serves as managing principal of Four Corners Tavern Group, following 17 years at William Blair.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: title

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Matt Menna Managing Principal, Chief Design Officer
value seen: Managing Principal, Chief Design Officer
https://sterlingbay.com/our-people/
CL
Chang Lee
Chang leads Sterling Bay’s real-estate investments and capital markets, including expansion into new markets and institutional ventures. Before Sterling Bay he advised on investment sales at Eastdil Secured.
Current title
Managing Principal, Chief Investment Officer
Experience
no career length stated
Companies before
Eastdil Secured, LLC
Education
University of Illinois at Champaign-UrbanaBS in Business
Northwestern University Kellogg School of ManagementMBA
Other boards
none sourced
Known for
nothing tagged

Sources: degree

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
He earned a BS in Business from the University of Illinois at Champaign-Urbana and an MBA from Northwestern University’s Kellogg School of Management.
value seen: BS in Business
https://sterlingbay.com/our-people/

Sources: institution

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
He earned a BS in Business from the University of Illinois at Champaign-Urbana and an MBA from Northwestern University’s Kellogg School of Management.
value seen: University of Illinois at Champaign-Urbana
https://sterlingbay.com/our-people/

Sources: full name

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Chang Lee Managing Principal, Chief Investment Officer
value seen: Chang Lee
https://sterlingbay.com/our-people/

Sources: previous companies

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Prior to joining Sterling Bay, Chang provided investment sale advisory services at Eastdil Secured, LLC.
value seen: Eastdil Secured, LLC
https://sterlingbay.com/our-people/

Sources: role type

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Chang Lee Managing Principal, Chief Investment Officer
value seen: Managing Principal, Chief Investment Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: summary

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Chang oversees all real estate investments and capital markets for Sterling Bay, focusing on expansion into new markets and forging new ventures with institutional partners.
value seen: Chang leads Sterling Bay’s real-estate investments and capital markets, including expansion into new markets and institutional ventures. Before Sterling Bay he advised on investment sales at Eastdil Secured.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: title

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Chang Lee Managing Principal, Chief Investment Officer
value seen: Managing Principal, Chief Investment Officer
https://sterlingbay.com/our-people/
JS
Jessica Simons
Jessica oversees complex and high-value acquisitions, dispositions and financings. She joined Sterling Bay in 2017 after 12 years as a commercial real-estate attorney at Paul Hastings and Kirkland & Ellis.
Current title
Principal, Chief Legal & Operating Officer
since 2017
Experience
no career length stated
Companies before
Paul Hastings, LLPKirkland & Ellis, LLP
Education
University of MichiganBA in Political Science
Northwestern University Pritzker School of LawJD
Other boards
none sourced
Known for
nothing tagged
https://linkedin.com/in/jessica-simons-3b3a4532

Sources: degree

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Jessica earned a BA in Political Science from the University of Michigan and a JD from Northwestern University Pritzker School of Law.
value seen: BA in Political Science
https://sterlingbay.com/our-people/

Sources: institution

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Jessica earned a BA in Political Science from the University of Michigan and a JD from Northwestern University Pritzker School of Law.
value seen: University of Michigan
https://sterlingbay.com/our-people/

Sources: full name

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Jessica Simons Principal, Chief Legal & Operating Officer
value seen: Jessica Simons
https://sterlingbay.com/our-people/

Sources: previous companies

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Prior to joining Sterling Bay in 2017, Jessica worked in private practice for 12 years as a commercial real estate attorney at Paul Hastings, LLP and Kirkland & Ellis, LLP.
value seen: Paul Hastings, LLP
https://sterlingbay.com/our-people/

Sources: previous companies

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Prior to joining Sterling Bay in 2017, Jessica worked in private practice for 12 years as a commercial real estate attorney at Paul Hastings, LLP and Kirkland & Ellis, LLP.
value seen: Kirkland & Ellis, LLP
https://sterlingbay.com/our-people/

Sources: role type

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Jessica Simons Principal, Chief Legal & Operating Officer
value seen: Principal, Chief Legal & Operating Officer
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: since

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Prior to joining Sterling Bay in 2017, Jessica worked in private practice for 12 years as a commercial real estate attorney at Paul Hastings, LLP and Kirkland & Ellis, LLP.
value seen: 2017
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: summary

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Jessica oversees various aspects of Sterling Bay’s most complex and high-value acquisitions, dispositions, and financings.
value seen: Jessica oversees complex and high-value acquisitions, dispositions and financings. She joined Sterling Bay in 2017 after 12 years as a commercial real-estate attorney at Paul Hastings and Kirkland & Ellis.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: title

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Jessica Simons Principal, Chief Legal & Operating Officer
value seen: Principal, Chief Legal & Operating Officer
https://sterlingbay.com/our-people/
JB
Jessica Brown
Jessica Brown oversees leasing across Sterling Bay’s national portfolio and leads the Chicago leasing strategy for Fulton Market and Lincoln Yards. Her external university profile describes her as focused on leasing across the firm’s national portfolio and serving on the Graaskamp Center board.
Current title
Principal, Leasing
since 2015
Experience
no career length stated
Companies before
none sourced
Education
University of WisconsinBBA, Entrepreneurship and Marketing
Other boards
University of Wisconsin James A. Graaskamp Center for Real Estate Board of Advisors
Known for
nothing tagged
Work email: jbrown@sterlingbay.com1 Email
https://linkedin.com/in/jessicamclindenbrown

Sources: institution

SOCIAL2026-10-02

Jessica Brown

LinkedIn
BBA, Entrepreneurship and Marketing at University of Wisconsin
value seen: University of Wisconsin
https://linkedin.com/in/jessicamclindenbrown

Sources: email

COMPANY2024-05-31

BROUGHT TO YOU BY

Sterling Bay
FOR LEASING INFORMATION: Jess Brown Sterling Bay, Principal jbrown@sterlingbay.com
value seen: jbrown@sterlingbay.com
https://sterlingbay.com/wp-content/uploads/2024/05/848BRICKELL_General_Brochure_V4_MAY2024-1.pdf

Sources: full name

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Jess Brown Principal, Leasing
value seen: Jessica Brown
held out of the figures · the quote does not carry this value
https://sterlingbay.com/our-people/

Sources: other boards

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Jessica is an active member of the University of Wisconsin James A. Graaskamp Center for Real Estate Board of Advisors and the Women’s Board of Lincoln Park Zoo.
value seen: University of Wisconsin James A. Graaskamp Center for Real Estate Board of Advisors
https://sterlingbay.com/our-people/

Sources: role type

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Jessica Brown Principal, Leasing
value seen: Principal, Leasing
no listed category matches this wording, so it is shown as the source wrote it
held out of the figures · no listed category matches this wording
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: since

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
Since 2015, Jessica has been an integral leader of Sterling Bay’s leasing team, specializing in overall asset strategy, lease negation, and placemaking.
value seen: 2015
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: summary

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
As a Principal at Sterling Bay, Jess is responsible for overseeing all leasing efforts across its growing national portfolio in Chicago, Miami, Atlanta, Durham, and Washington D.C.
value seen: Jessica Brown oversees leasing across Sterling Bay’s national portfolio and leads the Chicago leasing strategy for Fulton Market and Lincoln Yards. Her external university profile describes her as focused on leasing across the firm’s national portfolio and serving on the Graaskamp Center board.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://sterlingbay.com/our-people/

Sources: title

COMPANY2021-08-12

Sterling Bay | Our People are a Team of Real Estate Leaders

Sterling Bay
#### Jess Brown Principal, Leasing
value seen: Principal, Leasing
https://sterlingbay.com/our-people/

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

10 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
Pacific Center – Phase 1San Diego, United States
Sorrento Mesa
office, other—6690,000 sq ft——2023May 2023Oct 2024 – Dec 2024Apr 2025+5.0 mo
(+4.0 to +6.0)
sourcedcompleted
Pulaski 55 Logistics CenterChicago, United States
Crawford Industrial Park / Archer Heights
industrial——147,500 sq ft——2023August 23, 2023Dec 2024Dec 20240.0 mo
(0.0 to 0.0)
sourcedcompleted
1050 BrickworksAtlanta, United States
West Midtown
office, retail, mixed use—14224,657 sq ft——2022late 2022Jul 2024 – Sep 2024Jan 2024 – Dec 2024−1.5 mo
(−8.0 to +5.0)
sourcedcompleted
360 North GreenChicago, United States
Fulton Market
office, retail, mixed use—24500,000 sq ftUSD 288m
estimated cost
—2022July 2022Jun 2024 – Aug 2024Jan 2024 – Dec 2024−0.5 mo
(−7.0 to +6.0)
sourcedcompleted
The Dylan at 160 N MorganChicago, United States
Fulton Market
residential for rent, retail, mixed use282130340,000 sq ft——2022January 2022Sep 2023 – Dec 2023Jan 2024+2.5 mo
(+1.0 to +4.0)
estimatedcompleted
The ElizabethChicago, United States
Fulton Market
residential for rent, retail, mixed use350128—USD 110m
estimated cost
—2022September 2022Apr 2024 – Jun 2024Jan 2024 – Dec 2024+1.5 mo
(−5.0 to +8.0)
sourcedcompleted
1229 W Concord Place (ALLY)Chicago, United States
Lincoln Yards
office, other—8———2021October 19, 2021Apr 2023Jan 2023 – Dec 2023+2.5 mo
(−3.0 to +8.0)
sourcedcompleted
345 N MorganChicago, United States
Fulton Market
office, retail, mixed use—11200,000 sq ft——2021August 18, 2021Jun 2022 – Aug 2022Oct 2022+3.0 mo
(+2.0 to +4.0)
estimatedcompleted
545 LamontElmhurst, United States
Elmhurst
industrial——150,010 sq ft——2021June 22, 2021Jan 2022 – Mar 2022Jan 2022 – Dec 2022+4.5 mo
(−2.0 to +11.0)
sourcedcompleted
545wynMiami, United States
Wynwood
office, retail, mixed use——550,000 sq ft——2019January 2019Sep 2020 – Dec 2020Sep 2020 – Dec 20200.0 mo
(−3.0 to +3.0)
sourcedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

6 found
COMPANY AWARD Winner 2023
Developer of the Year
Sterling Bay was named the winner of Developer of the Year in the 2023 Illinois Real Estate Journal Awards.
Illinois Real Estate Journal Awards · https://rejournals.com/realestateawards/reawards2023-il/
COMPANY AWARD Winner March 9, 2023
Developer of the Year
Sterling Bay was named Developer of the Year at the Greater Chicago Food Depository’s 35th Annual Chicago Commercial Real Estate Awards.
Greater Chicago Food Depository Commercial Real Estate Awards · https://www.chicagosfoodbank.org/news/35-year-commercial-real-estate-awards/
PROJECT AWARD Winner March 2023
Commercial Development of the Year · 345 N Morgan
345 N Morgan received the Commercial Development of the Year award; the report names Sterling Bay as the project’s developer.
Greater Chicago Food Depository Commercial Real Estate Awards · https://esadesign.com/2023/03/16/345-n-morgan-wins-commercial-development-of-the-year/
PROJECT AWARD Winner April 17, 2025
Regional TOBY Award · 345 North Morgan
BOMA Chicago identified 345 North Morgan as a 2025 Regional TOBY winner and named Sterling Bay Property Management as its manager; the page also states that Sterling Bay developed the building.
RANKING Ranked 2024
Top Workplaces
Sterling Bay was ranked No. 15 among small Chicagoland companies in the Chicago Tribune’s 2024 Top Workplaces list.
PROJECT AWARD Winner September 19, 2025
Lerch Bates People’s Choice Awards — Tall Buildings category · 360 N Green
The developer reported that 360 N Green won the Tall Buildings category at AIA Chicago’s Lerch Bates People’s Choice Awards.

Risks

Risk flags

6 found
FINANCIAL DISTRESS Reported March 31, 2025; the loan was placed on non-accrual status during 2024.
Sterling Bay and partners transferred the northern portion of Lincoln Yards to lender Bank OZK by deed in lieu of foreclosure to resolve a maturing $126 million mortgage; Bank OZK had placed the loan on non-accrual status and written it down twice, while Sterling Bay said the transfer was an “unfortunate pause” and that it remained committed to the project.
FINANCIAL DISTRESS Reported March 20, 2026; transfer occurred in March 2026.
Sterling Bay surrendered its vacant 320,000-square-foot life-sciences building at 1229 West Concord Place to Bank OZK by deed in lieu of foreclosure, satisfying a $65 million construction loan; the lender reported that the property’s carrying value had fallen to $50 million, and the building had remained empty since completion in early 2023.
LEGAL Court order March 22, 2022; NLRB dismissal April 6, 2022.
A federal court allowed a tenant’s allegations to proceed past Sterling Bay’s motion to dismiss, alleging that Sterling Bay conspired with unions to enforce a union-only contractor policy and thereby impose higher costs; the court referred the labor-law issue to the NLRB and stayed the case, while the related NLRB charge was later dismissed and an appeal was recorded as untimely.
DELIVERY DELAY Reported March 31, 2025; project approval was in March 2019.
Lincoln Yards had barely progressed after its 2019 approval: the only completed building was vacant, the broader megaproject had stalled, and Sterling Bay’s transfer of the northern site to Bank OZK further stalled development; Sterling Bay characterized the situation as an “unfortunate pause” and said it remained committed to the vision.
DELIVERY DELAY 2019 approval; lender transfer reported March–April 2025; status reported June 27, 2025
Sterling Bay’s Lincoln Yards megadevelopment in Chicago remained largely stalled: nearly a decade after site assembly and six years after approval, only one building had been completed, the site was described as mostly fallow, and Bank OZK had taken or was taking title to the northern portion after loan distress; Sterling Bay said the transfer was an “unfortunate pause,” while subsequent reporting described a likely hard reset under new sponsors rather than completion of Sterling Bay’s original plan.
DELIVERY DELAY Plan Commission approval reported 2024; zoning-committee rejection December 2024; no final vote as of March 31, 2025
Sterling Bay’s proposed 615-unit Marcey Street development at 1840 N. Marcey St., Chicago, was delayed by financing, community opposition and council action: although the Chicago Plan Commission approved it in 2024, the zoning measure was rejected by a council zoning committee in December 2024 and no final City Council vote had occurred as of March 2025.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 11, 2026 this month
Profile last researchedOctober 11, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.