In a week of similar milestones, construction has gone vertical for 741 N Wells Street, a 21-story mixed-use development in River North. The 201,000-square-foot development by Vista Property will yield a total of 168 apartment units atop a ground-level retail component. The project will also preserve a two-story masonry building situated directly to the north.
The new 225-foot-tall tower will have 50 studios, 101 one-bedroom apartments, and 17 two-bedroom apartments. It will also feature a rooftop terrace with pool, various co-working areas, a fitness center, bicycle storage, and parking for approximately 50 vehicles. Units will offer nine-foot ceiling spans and floor-to-ceiling windows on all exteriors letting in natural light and views of the cityscape.
A glass-walled apartment building with floor-to-ceiling windows and dark metal trimming will be the design of Antunovich Associates. The serrated facade facing Wells Street allows for non-corner apartments to obtain corner views. The design is completed with an amenity enclosure that has a roof overhang supported by V-shaped columns. The podium will also be clad in brick to complement the exterior of the integrated masonry low-rise.
The transit-oriented development makes transportation easy for residents with a 53-vehicle garage and 150 bike parking spaces. The development is also located near several bus options, as well as the CTA’s Brown and Purple Lines within a block west to Chicago station.
Skender has been chosen as the general contractor for the project, which is said to cost $48 million. Plans call for a completion date of 2024.