VISTA Property Tops Out Chicago Tower

741 North Wells. Image courtesy of Skender

VISTA Property and its general contractor Skender have topped out their mixed-use multifamily development in Chicago’s River North neighborhood, directly north of the downtown Loop central business district. Situated at the southeast corner of Chicago Avenue and Wells Street, the property is called 741 North Wells. It is a 21-story, 201,000-square-foot building featuring 168 units as well as parking for about 50 vehicles.

VISTA Property financed the project with a first mortgage loan from Huntington Bank. Marketing, consulting and residential leasing brokerage firm Luxury Living Chicago Realty is representing the building. Antunovich Associates is the architect of record.  

Central location

The upscale apartment community will feature 50 studio units, 101 one-bedroom apartments and 17 two-bedroom apartment homes. Apartments range in size from 387 to 953 square feet. Do-it-yourself space and a podcast recording studio are among the common-area amenities. Floor-to-ceiling windows on all facades, 9-foot ceilings, in-unit washers and dryers, Wi-Fi and dishwashers are among the features of apartments.

The location places residents near the center of everything downtown Chicago offers. Restaurants, upscale shopping centers, art galleries, nightclubs and museums cater to every type of individual. The Loop, West Loop, River North and North Michigan Avenue comprise one of the nation’s largest, densest employment centers, with employers like Google just steps away. Oak Street Beach, Navy Pier, The Chicago Riverwalk and Millennium Park are only a few of the many recreational and entertainment attractions within a short cab, ride share, bus or subway ride, or a longer walk. The Chicago Symphony Orchestra, Lyric Opera of Chicago and Grant Park Music Festival are among the entertainment opportunities in the near vicinity.

Several months ago, VISTA Property secured a $60 million loan to develop 741 North Wells.