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.