13-Mar-17 – A redesign of condominium units on 24 floors of Vista Tower is the response to prospective buyers wanting transitional living space and more of it.

Magellan Development Group has redesigned floor plans of several “Lake Residences” on floors 48-71 of the 95-story tower being constructed in the New Eastside neighborhood of the Loop.

The company says the “transitional” style, a blend of traditional and contemporary design, is in demand now, along with residences that are more spacious.

“Not all buyers want to live in a spacious penthouse unit, but I continued to hear a demand for [lower] units that offered more space,” said Leila Zammatta (left), Magellan’s vice president of sales.

bKL Architecture has turned in floor plans of units that now range from 3,450 to 5,570 square feet. They will be offered for between $4.0 and $7.8 million. (Right) Floor plan of a four-bedroom 5,208-square-foot unit on the 68th floor with 5.5 bathrooms and family room.

Vista unit sells for $8.6 million

The real estate brokerage firm Urban Real Estate recently announced it has sold a full-floor penthouse at Vista Tower for $8.6 million. The 5,734-square-foot unit will have 360-degree views and two balconies.

Urban Real Estate did not identify the buyer, other than he or she currently lives in Chicago and “has very distinctive tastes.”

The buyer now gets to specify the unit’s layout, design, and materials, according to broker Giancarlo Chavez.

When completed in 2020, Vista Tower will have 406 residential units above a 191-room hotel and it will be the third-tallest building in Chicago.