Multifamily Midwest

Fifield Cos. begins site work on newest $230M luxury apartment tower in Chicago's Gold Coast

The-Sinclair-rendering

Fifield Cos. has started site work on The Sinclair, a 390-unit transit-oriented, mixed-use luxury apartment project in Chicago’s Gold Coast neighborhood expected to deliver in summer 2017.

Fifield Cos. has started site work on The Sinclair, a 390-unit transit-oriented, mixed-use $230 million luxury apartment project in Chicago’s Gold Coast neighborhood expected to deliver in summer 2017. Demolition of the current site began this week.

The 35-story tower is located at Clark and Division streets, just adjacent to the CTA’s Clark/Division Red Line station.

The building will include a 55,000-square-foot Flagship store for Jewel-Osco and will also feature a new Clark/Division Red Line entrance on LaSalle Street. Leasing is expected to begin in first quarter 2017.

Prospective residents of The Sinclair can choose between a studio, or anywhere from one to four bedroom residences, with individual units ranging from 550 to 2,500 square feet. In addition, the building will offer three floors of two-, three- and four-bedroom penthouses.

Finishes will include plank flooring, quartz countertops, glass tile backsplashes, Grohe faucets, high end wood cabinets, GE stainless steel appliances, Nest programmable thermostats, oversized windows and in-unit washers and dryers. Select units will also feature private balconies and master bedroom walk-in closets.

According to Fifield, The Sinclair will feature more than 55,000 square feet of indoor amenity space and outdoor decks, including 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 studio; a screening room with 7.1 surround sound; demonstration kitchen and party room; Starbucks coffee bar; business center and conference room; and bicycle kitchen, a trademark of Fifield Cos.’ properties, offering residents bicycle storage, supplies, tools and air pumps. The building will also feature a children’s playroom, stocked with toys and games for The Sinclair’s youngest residents.

Debt and equity financing will be provided by Northwestern Mutual Real Estate, the real estate investment arm of Northwestern Mutual.

Chicago-based Solomon Cordwell Buenz has been retained as the building’s principal architect and interior designer. McHugh Construction will serve as the general contractor for the project.