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If you're a Chicagoan, then you've probably heard about the massive Lincoln Yards development project, which is set to transform the North Branch of the Chicago River. The 53-acre mixed-use community development by Sterling Bay has been the talk of the town for a while now.
In this podcast episode, Matt Menna, the Managing Principal of Sterling Bay, joins the discussion to shed more light on the project. Matt starts by talking about the history of the Lincoln Yards site and how Sterling Bay was able to acquire that industrial land. He explains how they were able to get input from all stakeholders on such a large scale development.
One significant impact that this development will have is on the 606 Trail. Matt shares how the trail will be positively impacted by Lincoln Yards. He also highlights the tremendous benefits that the project will bring to Chicago, ranging from economic growth to job opportunities.
What's more impressive is Sterling Bay's commitment to Chicago. Matt closes with powerful words on why they are bullish on Chicago and will continue to develop the city. It is a testament to the potential of Chicago and the bright future that lies ahead.
Lincoln Yards is set to be a game changer for Chicago, and it's exciting to see how this project will transform the city's landscape. With Sterling Bay behind the wheel, it's safe to say that Chicago is in good hands.
Questions We Answer In this Show:
Q. Public Parks and Open Space at Lincoln Yards
Q. Lincoln Yards 53 Acres by Sterling Bay Over First 10 Years
Q. How Sterling Bay Worked With the Community to Plan Lincoln Yards
Q. Lincoln Yards’ 5-Year Environmental Remediation
Show Notes:
02:55 Housing Provider Tip: Have multiple exit strategies to mitigate risk on your next investment!
04:48 Intro to our guest, Matt Menna!
05:46 Matt gives the history of the Lincoln Yards location!
07:31 Matt explains the process of acquiring and aggregating the parcels!
10:15 How to get all stakeholders on the same page when planning a large scale development?
17:57 How has the community reacted to the planned Lincoln Yards development?
21:12 What is the 606 Trail and why is it relevant to Lincoln Yards?
27:15 Matt explains how it’s been working with the City of Chicago!
32:06 How does the Fulton Market development relate to Lincoln Yards?
35:02 Did the pandemic cause any adjustments to be made during the planning of Lincoln Yards?
39:03 What benefits will Lincoln Yards bring to Chicago?
43:05 Why is Matt bullish on Chicago?
48:02 What is Matt's competitive advantage?
48:48 One piece of advice for new investors.
49:50 What do you do for fun?
50:15 Good book, podcast, or self development activity that you would recommend?
50:48 Local Network Recommendation?
51:52 How can the listeners learn more about you and provide value to you?
Guest Name: Matt Menna
Guest Company: Sterling Bay
Guest Link: https://sterlingbay.com/
Other Links for show notes:
Chicago Investor Resources Shared
What You Must Know About Renting Your Property In Schaumburg
Survival Guide For Self Managers - 15 Tips Chicago Landlords Must Know(Especially House Hackers)
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