By John Dempsey, WLS-AM News
(CHICAGO) There is another step forward for a huge real estate development where a huge factory once stood on the Near North Side of Chicago. Crain’s Chicago business reports that the Sterling Bay real estate development company has wrapped up it’s purchase of the former FInkl Steel site near the Chicago River and Cortland Street.
The land has been vacant since Finkl moved to the Southeast Side a few years ago. It sits in the midst of the so called “Clybourn Corridor” shopping district in the Lincoln Park neighborhood. Sterling Bay reportedly wants to put in what it calls a “moderately dense” mix of commercial, retail and residential space.
Those plans would require a city zoning change since the land is currently zone for manufacturing.
@ 2016 WLS-AM News
