Fifield Breaks Ground On The Sinclair Luxury Apartments in Chicago
Fifield Companies is bringing 390 new luxury apartments to the Windy City’s upscale Gold Coast neighborhood.
By Ioana Neamt, Associate Editor
CHICAGO—Officials celebrated the formal groundbreaking of The Sinclair, a 390-unit luxury apartment tower developed by Fifield Cos. at Clark and Division streets in the city’s Gold Coast neighborhood.
The 35-story tower at 1201 N. LaSalle St. will also include a 55,000-square-foot flagship Jewel-Osco grocery store and a plethora of high-end amenities. According to Crain’s Chicago Business, the $230 million project is scheduled for completion in the summer of 2017. Leasing will commence in the first quarter of 2017.
Upon completion, The Sinclair will offer studio, one-, two-, three- and four-bedroom upscale units ranging from 550 to 2,500 square feet in size. The tower, designed by Solomon Cordwell Buenz, will also include three floors of two-, three- and four-bedroom luxurious penthouses. Amenities will include: a pool and spa with an adjacent sun terrace; multiple cabanas and grilling kitchens; a state-of-the-art fitness club with a separate yoga and Pilates studio; a media room; a full demonstration kitchen and party room; a Starbucks coffee bar; and a business center with AV-equipped conference room.
Fifield’s new apartment tower is conveniently located in close proximity to a variety of shopping, dining and entertainment destinations, such as the Magnificent Mile, Lakefront Trail, and Oak Street Beach. The Sinclair is also adjacent to the CTA’s new Clark/Division Red Line station at LaSalle Street, and a block away from a DIVVY bicycle station. McHugh Construction serves as general contractor for the project.
“Between 2010 and 2020 we, and our fellow developers, and users like Jewel-Osco, will add 30,000 apartment and condo units within the three-mile radius from State and Madison; 20,000 hotel rooms; 5 million square feet of new and rehabbed offices for tens of thousands of newly created tech and financial services jobs; and another 2 million square feet of retail space both downtown and in the emerging neighborhoods around us,” Steve Fifield, president & CEO of Fifield Cos., stated at the groundbreaking event.
According to Fifield, this wave of development will add more than $300 million a year in new real estate, sales and room tax revenues to the city.
Renderings courtesy of Fifield Cos.