Construction Tops Out at 741 North Wells, a 21-Story Multifamily Rental and Retail Tower in River North
Developer VISTA Property and its general contractor, Skender, recently reached the final height at 741 N Wells Street, a new mixed-use multifamily rental building in Chicago’s River North neighborhood. Designed by Antunovich Associates, the 21-story, 201,000-square-foot development will include 168 apartment units, communal tenant amenities and an elegant building lobby. Located prominently at the corner of Chicago Avenue and Wells Street, 741 N Wells is one of the latest new developments going up in River North.
“We are thrilled to be adding another beautiful mixed-use property to one of the city’s most vibrant and lively areas,” said Ark Latt, Chief Development Officer, VISTA Property. “Our thanks goes out to the teams at Skender and Antunovich Associates for their hard work throughout this process, and to the 2nd Ward alderman and community for their ongoing partnership and collaboration.”
The multifamily building will include 50 studios, 101 one-bedrooms and 17 two-bedrooms, as well as a rooftop terrace with pool, meeting facilities, exercise area, bicycle storage and parking for roughly 50 vehicles. The building will include expansive floor-to-ceiling windows on all facades, along with exceptional 9-foot ceiling heights offering unique views for all residents.
“It has been a pleasure to work alongside VISTA and Antonovich Associates again,” said Lauren Bauer, Senior Project Manager, Skender. “This topping out is a celebration for our trade partners. They work incredibly hard to deliver a quality building and keep the project on track.”
VISTA Property financed the project with a first mortgage loan from Huntington Bank, and has also engaged Luxury Living Chicago Realty, downtown Chicago’s premier marketing, consulting and residential leasing brokerage firm.
The project team consists of: VISTA Property (developer), Skender (general contractor), Antunovich Associates (architects) and Luxury Living Chicago Realty (marketing/sales).