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The building occupies the site vacated by the Chicago Sun-Times, one of the city's two major newspapers, and its location within the River North Gallery District places it in a neighborhood that has had a high concentration of art galleries since the 1980s.
The site, at the foot of Rush Street, is on the north side of the Chicago River just west of the Wrigley Building and the Michigan Avenue Bridge, and just east of Marina City and 330 North Wabash.
The restaurant, Sixteen, has a clear view of the Chicago River's entrance to Lake Michigan and of the four buildings completed in the 1920s that flank the Michigan Avenue Bridge (Wrigley Building, Tribune Tower, 333 North Michigan, and 360 North Michigan). The first setback, on the east side of the building, aligns with the cornice line of the Wrigley Building to the east; the second, on the west side, aligns with River Plaza to the north and with the Marina City Towers to the west.
Parts of the building are visible throughout the city, and the entire length of the building is visible from boats on the river, as well as from locations to the east along the river, such as the mouth of Lake Michigan, the Lake Shore Drive Overpass, and the Columbus Drive Bridge.
Sixteen is one of five restaurants in Chicago with at least a Michelin Guide two-star rating in 2016.
The tower sits at 401 North Wabash Avenue in the River North Gallery District, part of the Near North Side community area of Chicago.
The building is across the Chicago River from the Chicago Loop, the city's business district.
It is a block away from the southern end of the Magnificent Mile portion of Michigan Avenue.