Gold Coast, Chicago
The
Gold Coast
of
Chicago
is a prosperous neighborhood, mostly consisting of high-rise
apartment
buildings on
Lake Shore Drive
, facing
Lake Michigan
. This is the second-wealthiest urban neighborhood in the
United States
, after the
Upper East Side
in
New York City
. The Gold Coast was an unexceptional neighborhood until
1885
, when
Potter Palmer
, former dry goods merchant and owner of the Palmer House hotel, built a fanciful castle on
Lake Shore Drive
. Over the next few decades, Chicago's elite gradually migrated from
Prairie Avenue
to their new home north of the
Loop
.
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