New 28 Story Gold Coast Tower In The Works

This will be a bit of a departure from the new usual Chicago tower scene – condos.

While the development community skews heavily in favor of rentals, it is refreshing to see a new development that is all condo. Odd to say that, with the mixed feelings towards the condo, but homeowners are traditionally more stabilizing than renters, having more invested – literally and figuratively – in the unit.

This particular model, from Chicago’s Pappageorge Haymes Partners, looks to feature an all-glass facade, spacious rooftop deck, and penthouse unit above the roof deck. Based on the drawings released so far, there will be parking available – plans now suggest 87 of them – possibly offering some to the local community and neighboring non-profits.

I am keeping an eye on this, and will be letting everyone know when they open units for purchase.