Vista Property has plans to build 741 North Wells, a shovel-ready, 21-story, 168-unit, class A multi-housing project with 3,580 square feet of retail in downtown Chicago.
JLL Capital Markets represented the borrower to arrange the $59.8 million construction financing for 741 North Wells.
With an anticipated completion of first quarter 2024, 741 North Wells will feature units with an average size of 740 square feet. Community amenities will include bike storage, a coworking lounge, a rooftop pool and sun deck and a state-of-the-art fitness center.
741 North Wells is on the east side of North Wells Street immediately south of the Chicago Avenue intersection. Both Chicago Avenue and Wells Street are arterial thoroughfares, providing convenient east-west and north-south access. The property also is near the Purple, Brown and Red lines. The central location of the project will allow residents easy access to Old Town, Rush and Oak Street corridors, Magnificent Mile,
