![]() ![]() Located at the end of Upper Wacker Drive, Vista will be the final link between Lakeshore East and the rest of the city. ![]() Vista Tower will represent increased connectivity for both Chicago and the Lakeshore East neighborhood. The tower will include 406 residential units and the five-star Wanda Vista hotel, stands to be one of the most innovative residential developments to date. The acquisition was the final major step before construction on the project can begin. Late last week a joint venture between affiliates of Magellan Development Group and the international Dalian Wanda Group finalized the purchase of the land where the Vista Tower, which includes Vista Residences and the Wanda Vista Hotel, will rise. This multi-year project will bring many jobs to Chicago and help to amplify its vibrancy.” “This fantastic project will greatly complement the Windy City and set new standards on a local level through investing in the community and better connecting Lakeshore East with the rest of the city. “We are so honored to partner with the Dalian Wanda Group and to have the support of Chicago for this pivotal step toward making this project a reality for the city,” says David Carlins, President of Magellan Development Group. “This project will also create thousands of jobs, benefiting every neighborhood in the city of Chicago.” “The Vista Tower will be more than one of the tallest buildings in Chicago, it will stand tall as a testament to Chicago’s status as a global destination for investment, commerce and tourism,” Mayor Emanuel said. The project is expected to create more than 2,000 construction jobs and more than 500 permanent jobs and will be the largest-ever real estate investment by a Chinese company in Chicago, and one of the largest in the United States. Designed by award-winning architect and Chicago native Jeanne Gang, upon completion Vista Tower will be the third tallest building in Chicago. ![]() Mayor Rahm Emanuel today joined the Magellan Development Group and the Beijing-based Wanda Group to announce that the 95-story Vista Tower is set to break ground this summer. ![]()
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