Wanda penthouse among city’s priciest

Urban Real Estate announced one of its clients has found a new home in the highly anticipated Vista Tower. The unit is a full floor, to be delivered in the summer of 2020, and is listed at 5,734 square feet, with two balconies, featuring sprawling 360-degree views of the magnificent Windy City, for a little over $8.6 million.

The buyer, who wishes to remain anonymous, is a Chicagoan, represented by Giancarlo Chavez, broker with Chicago-based brokerage Urban Real Estate.

View of New Eastside from skyscraper altitude.

New Eastside viewed from skyscraper altitude.

“My client has very distinctive tastes, and was looking for amenities few buildings offered in the city,” Chavez says.

“As we considered his needs and ultimate wish list, I thought we should take a look at Vista Tower. He immediately loved what he saw, and how spectacular his new home will be. Our client will have the opportunity to be involved in customizing the unit’s layout, design and materials.”

The new gem of the New Eastside will be a $1 billion, 95-story, 1,186-foot structure comprised of residences, as well as a five-star hotel, making Vista Tower Chicago’s third-tallest building.

According to Midwest Real Estate Data, fewer than ten condominiums have sold for over $8 million in Chicago.

McHugh Construction laying Wanda’s foundation

“This is a very special development for Chicago,” says Matt Farrell, managing partner and managing broker of Urban Real Estate.

“This deal in particular sets a tone for the excitement and class that Vista Tower brings to our city. Magellan Development with its partner, Wanda Group of China, have created a sales center that allows us to work with clients to electronically visualize what their home will look like, a first-time effort of this kind in our city — and a huge plus in the luxury real estate sphere,” he adds.

“Giancarlo worked painstakingly to ensure our client garnered exactly what he was seeking, and he found just the building to make his mark in.”

— Urban Real Estate

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