While lots of news relating to the Chicago real estate market has detailed all kinds of new rental developments in recent months, headlines about Chicago’s new Vista Tower don’t slip through the cracks that easy.
But in case you missed it, new reports are out that confirm over a quarter of the building has already been placed under contract—that before ground has even been broken on the 91-story tower that will ultimately reshape Chicago’s skyline once finished. Last month, a Hong Kong-based entity apparently purchased $200 million worth of space inside Vista Tower Chicago, which certainly hasn’t hurt sales much.
Development for the new supertower at 363 E. Wacker will reportedly cost $1 billion with construction not expected to wrap up until late 2019. Vista Tower will also include a 191-room hotel on the building’s lower 12 floors along with all the luxury condos that will occupy its upper levels.