The developers of Fifteen Fifty on the Park have announced the topping-off of the 32-residence luxury condominium development at the corner of North Avenue and Clark Street in Chicago’s Gold Coast. Scheduled to deliver in fourth-quarter 2019, Fifteen Fifty – the only new-construction building of its kind in the neighborhood – is situated at the confluence of the Gold Coast, Lincoln Park and Old Town, on one of the last developable parcels along Lincoln Park.

“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, which is developing the building with CIM Group and Avoda Group. “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 mudrooms 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. Kitchens feature Sub-Zero, Wolf and Miele appliances; handmade cabinetry from O’Brien Harris; and Kallista and Dornbract faucets. Baths include natural stone flooring and countertops, designer lighting and upscale brands such as Toto, Lacava and Kohler. Master bedrooms are upgraded with walk-in closets and seating areas.

Buyers can choose from three curated color palettes – champagne, bronze and titanium – for kitchen and bath finishes. Designed by Gary Lee Partners, these neutral options make it easy for buyers to add their personal touches to the space.

Designed by Solomon Cordwell Buenz, Fifteen Fifty’s exterior draws inspiration from classic Gold Coast architecture. A turreted corner facing Lincoln Park 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 with a Peloton bike and Life Fitness cardio and strength-training equipment; lounge and clubroom designed by Gary Lee Partners; 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.

For more information, visit www.1550onthepark.com or call (312) 764-1550. A sales gallery, located nearby at 1549 N. Wells St., is open Friday – Sunday, from 1 – 4 p.m., or by appointment.

About Golub & Company:

Since its founding nearly 60 years ago, with three generations of professionals working in the business, Golub & Company has built a strong reputation as a trusted co-investor and developer with its many institutional and private capital partners. It’s a reputation based on track record; Golub and its affiliates have owned, leased or managed more than 50 million square feet of commercial, mixed-use and multifamily real estate properties, including 45,000 residential units, valued in excess of $10 billion located across the United States and internationally. Access more information by visiting www.golubandcompany.com.

About CIM Group:

Established in 1994, CIM is a vertically-integrated owner and operator of real assets for its own account, and on behalf of its partners and co-investors seeking to invest in urban real assets and associated credit strategies, with a principal focus on North America.  CIM’s real assets include urban residential, commercial, retail, hospitality, debt, and infrastructure investments.  CIM’s broad expertise includes in-house research, acquisition, investment, development, finance, leasing and asset management capabilities.  For more information, please visit www.cimgroup.com

About Avoda Group:

Avoda Group executes real estate investment and development opportunities by focusing on asset specific fundamentals, speed, industry relationships, and proactive management. Avoda Group’s owner has been involved in over $3 billion of development and acquisition activity through more than 60 real estate ventures.

About @properties:

@properties is the No. 1 independent residential brokerage firm in Illinois and one of the top 11 residential brokers in the U.S. @properties has more than 2,300 licensed brokers in 25 offices throughout downtown Chicago, surrounding suburbs, southwest Michigan and Lake Geneva, Wisc. For more information, visit www.atproperties.com.