Multifamily N Illinois

Fifteen Fifty on the Park tops off in Chicago’s Gold Coast

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Fifteen Fifty on the Park, a boutique condominium building from developers Golub & Company, CIM Group and Avoda Group, has topped off. Designed by Solomon Cordwell Buenz, the 32-residence luxury condominium development at the corner of North Avenue and Clark Street in Chicago’s Gold Coast is scheduled to deliver in fourth-quarter 2019.

“As the building has begun to take shape, we’ve witnessed excitement about what we are bringing to the market—a sophisticated boutique building offering access to all the city has to offer,” said Lee Golub, principal and executive vice president of Golub & Company. “Reaching this construction milestone means those looking for a new-construction luxury condominium in the Gold Coast can purchase a beautiful home and be living in it by the end of the year.”

The Fifteen Fifty on the Park interiors, from award-winning Chicago interior design firm Gary Lee Partners, were influenced by single-family home design, with floor plans that feature open kitchens and entertaining space, secluded areas like dens and study nooks, private and spacious master suites and secondary entrances that can serve as mud rooms and service entries. The two-, three- and four-bedroom residences range from 2,300 to 4,500 square feet and are priced from $1.625 million to $5.850 million.

According to @properties, the exclusive brokerage for Fifteen Fifty, one feature that has shown strong appeal is the private outdoor space. All but one of the residences feature a terrace or balcony, or both. In some cases, the outdoor space offered is larger than the yard of a typical single-family home in the city. The three penthouses include private rooftop terraces with dedicated access from within the unit.

“The building’s proximity to Lincoln Park and views of the park and Lake Michigan from several residences influenced our decision to incorporate ample outdoor space into the floor plans,” said Golub. “Buyers are drawn to this location, in part, because of the natural surroundings, so we wanted to offer an indoor-outdoor living experience that serves as yet another point of differentiation.”

Floor-to-ceiling windows and 10- to 11-foot ceilings draw natural light and views of the outdoors into the living space. Fifteen Fifty’s exterior draws inspiration from classic Gold Coast architecture, such as a turreted corner facing Lincoln Park that mirrors that of 1550 North State Parkway, located two blocks to the east. Serving as the entrance to the building, the restored façade of the Village Theater retains the original terra cotta detailing and ornamentation that reflects the neighborhood’s early German influences. Other exterior improvements include a widened sidewalk and elevated planters along North Avenue and widened sidewalk, landscaping and a drop-off area for cars at the entrance of the building along Clark Street.

“The opportunity to restore the Village Theater façade enabled us to anchor the modern design of Fifteen Fifty in the neighborhood’s rich history,” said Golub.

Amenities at Fifteen Fifty include a fitness center, lounge, clubroom and business center offering video conferencing and high-speed internet to enhance residents’ work-at-home experience. The building will also have 24-hour front desk staff and indoor deeded parking. Nearby, residents have access to numerous popular dining, shopping, entertainment, cultural and recreational attractions, including the adjacent park, Lincoln Park Zoo, Chicago History Museum, 18-mile Lakefront Trail and North Avenue and Oak Street beaches.