Sterling Bay recently celebrated the topping off of 160 N. Morgan, their first residential building in Fulton Market. Located between the CTA Morgan L station and W. Randolph St, Sterling Bay has teamed up with Ascentris on the project, securing funding from CIBC Bank USA.
Designed by bKL Architecture, the tower will stand 29-stories and 350 feet tall. The project will produce 282 apartments consisting of studios, convertibles, one-beds, two-beds, and three-bedroom apartments. The building will offer 2,600 square feet of retail space fronting N Morgan Street, while offering residents 89 car parking spaces and 153 bike parking spaces.
Tailored to the neighborhood’s young modern workforce. 160 N Morgan offers an amenity terrace featuring fireplaces, lounge seating, and grill stations, as well as an exterior rooftop pool deck with cabanas. Residents will also enjoy a fitness center with state-of-the-art equipment, a training room for personal and group workouts, and an outdoor fitness deck. Interior shared spaces provide a resident lounge, kitchen/bar area with commercial appliances, and coworking spaces with private meeting rooms. Dog owners will have access to a pet washroom and a covered outdoor dog run.
To meet the ARO requirement of 20% affordable units, Sterling Bay will provide 28 units (10%) on-site with a unit mix of 9 convertibles, 6 studios, 8 one-beds, 4 two-beds, and 1 three-bedroom unit. A fee paid in lieu of the remaining units will total $5.26 million and will be directed to the SL Solar Lofts at 2548 S Federal Street in the South Loop. That building will be sustainable and energy efficient and provide 28 affordable units and 16 market-rate.
Walsh Construction has teamed up with BOWA Construction to build the structure, working on its vertical ascent since they broke ground in April 2022. Pre-leasing will open in July, with the first units expected to deliver to tenants in September.