Developer VISTA Property and its general contractor, Skender, broke ground Wednesday on 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 and communal tenant amenities. Located at the corner of Chicago Avenue and Wells Street, 741 N Wells is one of the latest new developments going up in River North.
“River North is booming,” said Ark Latt, VISTA’s chief development officer. “People want to live and work in dynamic live-work-play neighborhoods that form the heart of downtown Chicago. We look forward to continuing our collaboration with Ald. Brian Hopkins and the entire 2nd Ward to contribute a real estate asset that supports and enhances a strong community.”
VISTA financed the project with a first mortgage loan from Huntington Bank, and has also engaged Luxury Living Chicago Realty.