CHICAGO, IL- The Sterling Bay Companies, a Chicago-based commercial real estate development company, has just launched redesign of their offices at 1040 W. Randolph in the Fulton Market neighborhood.
Sterling bought the 56,000-square-foot Art Deco building, which was occupied by First Chicago Bank & Trust, last October for about $5 million. Their new 15,000-square-foot office headquarters will have a loft-style design and include private offices, open work stations and common areas. This will include a full-service kitchen, gym, breakroom and a space for yoga classes. Furthermore, they will preserve the original look of this industrial district by using wood and steel support bands from old water towers in the neighborhood as design features and light fixtures in their new space.
“This provides a unique opportunity to reclaim materials from an historic Chicago building and use them to help reinvent another important building in the same neighborhood,” said Dan Earles, a principal with Fitzgerald Earles Architects and Associates, the Chicago firm hired for the project, which they expect to complete in the summer.
This slice of the Near West Side has been attracting more interest from investors and tenants, and Sterling Bay has played a big role in all the attention. Last year, the firm bought the nearby Fulton Market Cold Storage at 1000 W. Fulton and began converting the 550,000-square-foot structure into modern office space. They will rename the building 1KFulton and complete those renovations sometime next year.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
