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Currently rising on the former site of a Jewel Osco grocery store at the edge of Chicago's up-and-coming Gold Coast neighbourhood, what has since been renamed The Sinclair (formerly The Jewel Tower) has today risen to roughly two thirds of its planned 37 storeys. The Brininstool + Lynch- and Solomon Cordwell Buenz-designed, Fifield Realty Company-built residential tower is already becoming a fixture of the local skyline.
Located directly above the newly expanded Clark/Division CTA Red Line stop, the new $200 million development will be home to 390 residential units. The base of the tower is set to contain 55,000 square feet of street-level retail which will primarily go to the planned Jewel Osco flagship store. Well connected to transit and located within close proximity to The Loop and Chicago Waterfront, The Sinclair will feature a 0.5 parking ratio, with the exception of an equal amount of spaces added for customers.
Built as a luxury rental tower, units will range in price from $1,900 to $6,600 per month, with ten percent listed as affordable housing. Residents will be treated to a full host of amenities, including a fitness club, yoga studio, and rooftop pool, along with a rooftop basketball court.
Once complete, The Sinclair will be among the first of several projects going up or recently completed in the neighbourhood, which is known locally as being in transition. Centrally located and well connected to transit, the interior of the Gold Coast has begun to gain momentum as new residents continue to move in, with the lower-than-average rents still a relative bargain for those looking to live this close to downtown.
SkyriseCities will be sure to return to this project as progress continues. For more information, check out the associated Database file and Forum thread, and as always, feel free to join the conversation in the comments section below.
