Yesterday, developer VISTA Property Group and its general contractor, Skender, broke ground on a new mixed-use high rise at 741 N Wells Street in River North. The 21-story, 201,000-square-foot development will yield a total of 168 apartment units. Located prominently at the corner of Chicago Avenue and Wells Street, 741 N Wells is one of the latest developments adding to the neighborhood’s recent uptick in construction.
Caisson permits have been issued for the planned mixed-use development at 626 S Wabash Avenue in South Loop. YIMBY reported on the project in August 2021 under the address 630 S Wabash Avenue. The project is being developed by DAC Developments in tandem with Melrose Ascension Capital. The lot is currently vacant.
Following up on last month’s demolition permit article, partial site clearing has begun for a 21-story mixed-use tower at 741 N Wells Street in River North. Planned by Vista Property Group, the development will integrate with a historic three-story brick building at its northwest corner bordering the intersection of W Chicago Avenue and N Wells Street.
Reinforced concrete has reached the fourth floor for a new 18-story residential tower situated at at 1044 W Van Buren Street along the southern edge of West Loop. Replacing a formerly vacant lot, this new structure developed by Tandem will house a total 196 rental apartment units.
Another residential build is coming to the West Loop. Riverside Investment & Development is partnering with Blue Star Properties to co-develop a 14-story building with plans for 198 units to be located at 566 W Van Buren Street. The project is planned for the northeast intersection of Jefferson and Van Buren. The lot is currently occupied by a parking lot and two retail buildings.
