Skender Wraps Construction of The Leo, a New Multifamily Rental and Retail Tower in River North

On behalf of developer VISTA Property, Skender has completed construction on “The Leo,” a 21-story, 201,000-square-foot mixed-use multifamily tower located at 741 N. Wells Street in River North.

The new boutique luxury rental building, designed by Antunovich Associates, has 168 open-concept apartment units – including 50 studios, 101 one-bedrooms and 17 two-bedrooms – and 3,877 square feet of ground-floor retail space. Construction officially kicked off in August of 2022.

“River North is experiencing remarkable growth and we are witnessing an increasing demand for spaces that blend living, working, and recreational opportunities within the vibrant core of downtown Chicago,” said Ark Latt, Chief Development Officer at VISTA Property. “With The Leo, this team has introduced the newest luxury apartment tower that not only meets the sophisticated needs of its residents but also significantly contributes to the fabric of a strong and thriving community.”

The Leo’s apartments have luxury features, including floor-to-ceiling windows with sweeping downtown views, state-of-the-art kitchen appliances, in-unit laundry, private balconies, and expansive nine-foot ceilings. Property amenities include an in-gym yoga studio, an outdoor pool with lounge area, a rooftop deck complete with a fire pit and grills, a kitchen café and a group fitness terrace. Residents also have access to a private meeting and events room, an elegant lobby entrance, a dog run and spa, EV charging stations, dedicated parking and a bike room.

“The Leo represents the phenomenal outcome of high-performing teamwork,” said Alex Panici, Vice President at Skender. “This was a truly collaborative effort and we were thrilled to be part of the team that brought this vision to life.”

The project team consisted of: VISTA Property (developer), Skender (general contractor), Antunovich Associates (architects) and Luxury Living Chicago Realty (marketing/sales). The development was financed with a first mortgage loan from Huntington Bank.