28-Story Condo Tower Slated For Prime Gold Coast Location
Posted by Leo Clark. on Thursday, July 28th, 2016 at 8:52am.
Plans for another glass condo tower have been revealed for a possible location in Chicago’s Gold Coast. Late last week, Curbed reported that Lexington Homes will be building a sleek new 28 story condo tower on the current site of a surface parking lot right next door to the Ruth Page Center for the Arts at 1016 N. Dearborn.
With construction already well under way on 4 E. Elm and 9 W. Walton, the luxury condo market in Chicago’s Gold Coast neighborhood is once again booming, and downtown Chicago overall is finally starting to see an influx in new construction condos after luxury rentals have merely dominated the marketplace over the last few years.
The project’s slick design in from Chicago-based Pappageorge Haymes Partners, a firm that is behind a wide-range of recognizable projects in Chicago from 600 N. Lake Shore Drive on the lakefront to One Museum Park in the city’s South Loop.
With the sale of the parking lot already completed, look for construction on this new Gold Coast condo tower to start sooner rather than later.