Sterling Bay was recently joined by 27th Ward Alderman Walter Burnett, Jr., Sterling Bay’s project leadership team and partners at Ascentris, McHugh Construction, and Hartshorne Plunkard Architecture to celebrate the structural completion of 225 N Elizabeth, the firm’s second residential development in Fulton Market. With 240 feet of frontage along Fulton Street, the building will occupy the southeast corner of W. Fulton St and N. Elizabeth St.
With a design from Hartshorne Plunkard Architecture, the 28-story tower will rise 314 feet tall, meeting the ground with retail space along W. Fulton St. and wrapping around the corner to N Elizabeth St. With 350 units in the tower above, residents will enter through a parklet and residential entry along N Elizabeth St. The development will include 95 car parking spaces and 199 bike parking spaces.
The glass and metal tower will rise as a rectangular volume over the metal-framed podium spreading out over the site. Residents will have access to balconies that will rise along the eastern and western ends of the tower volume. Tenant amenities will be mainly located on the third floor, with indoor amenities and an exterior deck with a pool and dog run. More residential amenities will be located on the top floor.
The unit mix for the project will include 66 studios, 46 convertibles, 140 one-beds, 92 two-beds, and 6 three-bedroom apartments. To meet the 20% ARO requirement, 70 units will be designated as affordable up to 60% AMI. The affordable unit mix will include 13 studios, 9 convertibles, 28 one-beds, 19 two-beds, and 1 three-bedroom unit.
With McHugh Construction leading the construction, the $110 million project is expected to begin pre-leasing in early 2024, with the first units expected to deliver to tenants in March 2024.