Glass installation is nearing completion for the topped-out, 21-story mixed-use development located at 741 N Wells Street in River North. This 201,000-square-foot project developed by Vista Property will comprise of 168 residential units atop multiple retail stores on the ground floor. This commercial component will integrate with an existing two-story masonry building to the north.
741 N Wells Street. Photo by Jack Crawford
741 N Wells Street. Photo by Jack Crawford
741 N Wells Street. Rendering by Antunovich Associates
741 N Wells Street. Rendering by Antunovich Associates
The new 225-foot-tall structure will house a mix of 50 studios, 101 one-bedroom units, and 17 two-bedrooms. The units will come with nine-foot-high ceiling spans and floor-to-ceiling windows, along with access to common areas such as a rooftop pool, various co-working spaces, a fitness center, 150 indoor bicycle spaces, and parking for 50 vehicles.
741 N Wells Street. Photo by Jack Crawford
741 N Wells Street. Photo by Jack Crawford
741 N Wells Street. Rendering by Antunovich Associates
741 N Wells Street. Rendering by Antunovich Associates
Designed by Antunovich Associates, the tower comes with architectural details include a brick-clad base, a serrated facade that creates additional corner views, along with a loft-inspired curtain wall facade with dark metal accents. Additionally, the upper deck area is encased in an open-air rooftop structure, anchored by two V-shaped columns.
741 N Wells Street. Photo by Jack Crawford
741 N Wells Street. Photo by Jack Crawford
741 N Wells Street. Photo by Jack Crawford
741 N Wells Street. Photo by Jack Crawford
Located near various CTA bus routes, the development provides close nearby access to bus stops for Routes 22, 37, 66 and 156. Also within a two-minute walk is the Chicago station, with service for the Brown and Purple Lines.
Skender is serving as the general contractor and leading the $48 million construction, with a targeted opening set for January 2024.
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Nice building. I think we are going to be lucky to see any buildings going up in the next few years with the high inflation, uncertainty of the office space and now a new mayor who is pro progressive with one of his people working for him saying “why should we reach out to the business community?” after he won the election. I expect to see a lot of these proposals stalled or canceled. Meanwhile, Floridayimby.com seems to have a 70 story skyscraper being proposed or updated everyday.
Turn of fox news and relax
I know of people at two separate medium sized companies that aren’t even overly political that have indicated something along the lines of this election being their last hope at a future in Chicago and would begin the process of cutting back Chicago commitments. I believe many of largest companies have indicated the same. McDonald’s is as good as gone in the next decade. I don’t think it’s as uncommon as you would think, and I can’t imagine anyone not reevaluating capital commitments within the city borders. I am solidly Dem and I still think progressive policies are the last thing the city needs. They have been proven to fail time and time again and really only benefit special interests and corruption at the expense of the average family trying to make a living and survive. I have a feeling any support given to economic development and public safety is going the wayside and we are going to see a lot more “equity” consultants and various other special interest groups pulling in millions a year. It’s a story as old as time.
Tim, I don’t think this is a Fox News vs CNN debate here. Personally I have always been a democrat and I think most in Chicago are. I like NewsNation. But, we have gone so far left that even a guy like Vallas who would be considered far left 10-15 years is now considered right and anyone right of him is a racist/hateful right wing propaganda. But this site is for the results of real estate which is definitely going to slow down at least for a little while. My hope is that a lot of his proposed taxes do not pass to keep the jobs in the city and state. We can’t afford another 4 years of losing more Citadels’, Boeings and all of the jobs that come with it.
new construction in chicago will be paused while the business community recalibrates. If the new mayor actually follows through on his campaign promises, then new skyscrapers downtown will probably be cancelled completely (unless they’re section 8 buildings). The new guy is anti-business and anti-wealth so our loss will be Florida’s gain.
That is the tragic truth. Florida is eating Chicago’s lunch. I don’t want Chicago to turn into a husk of its former glory but the political class seem dead set on driving my city into the ground.
Who knew Chicago could elect any even worse, more anti-business, pro criminal mayor than Lightfoot… But that they did. As a result, I agree that you’ll see more businesses leave for a safer, pro business towns to setup shop. And as a result, less skyscrapers will be added to the skyline.
Bobby, Luis, Harrison and ChipMaker,
Odds are that only one of you voted. If that’s the case, then people who are pro-development have themselves to blame as well.
I voted for Vallas both times. I tried to have all of my family and friends and city do the same. But you’re absolutely right about voting. Such a low turnout and such a slight margin of victory for such a meaningful election. 11% of the city voted for one candidate and 10% voted for another and 79% didn’t vote (or too young, not eligible, etc.). I really hope he’s the best mayor we’ve ever had, but I had serious concerns that I hope he addresses. Time will tell.
Wow the number of projects on Floridayimby.com is impressive indeed. But I also noticed that there also no comments lol. Everyone’s at the beach instead of posting about skyscrapers.
Have to build tall when the hurricanes wipe away basically everything else. Rising tides either mean packing up or building up. Too bad for all the underground infrastructure, though…
Or they are busy bailing out their basements and under ground parking due to the monthly king tides.
This comment section is pathetic. A) The average mayor has little-to-no impact on local development, and he’d need city hall’s backing for any new taxes on businesses and/or high-earners. B) You really think a progressive mayor promising to make investments in CTA and schools will draw people AWAY from Chicago? Aren’t those the complaints from most people that move to the suburbs from these areas that are seeing development? If Chicago becomes a better place for citizens and workers, businesses and future development will stay / expand here.
Jordan,
That’s a huge “if”. Chicago has a history of spending a lot on education, transportation and just about everything else and not getting much in return. For example, CPS spends about $30,000 per student—which is about twice the national average—but gets awful results. This city needs an experienced executive, not The Music Man who is going to promise the moon. Yeah. I’m concerned.
What’s pathetic is that Chicago just elected a mayor who failed to pay his water bills. Business executives will be looking at public safety, lowering costs, and talent. While I would like to share the your optimism that his progressive agenda will attract business, I think it’s more likely Chicago will go the way of our Midwest neighbors that also tried the progressive program and see a painful decline.
Where was Rahm Emanuel when we needed him ?
More so-called affordable housing, more for crooked CPS, more, more, well, more developed market for weed.
Less for hard working people of Chicago.
Very sad mayoral election outcome last night.
WHY ARE WE ALL YELLING LOL
I HOPE NEMA PHASE 2 GETS BUILT hopefully johnson is a mayor for da rich and poor
He’s gonna be a mayor for da CTU. Period.