Quote:
Originally Posted by LouisVanDerWright
Sterling Bay is saying Gr333n is 80% leased right now. I'd say that's a vote in favor of starting the next one...
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SB has so many irons in the fire, I'm not sure what their strategy is. Even with Gr333n being 80% leased, SB has several other towers on the drawing board in Fulton Market alone.
I guess they're just queuing up growth opportunities for the next decade or more, but at some point won't they have to ramp up leasing activity for Lincoln Yards? That could jeopardize the leasing in West Loop. Both sets of developments are chasing the same kinds of tenants... and most potential tenants will probably come into it with a strong preference for West Loop over Lincoln Yards, so SB would have to give them the hard sell.