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Magellan to Pay $270 Million for Wanda’s 90% Stake in Chicago’s 101-Story Vista Tower

Developer to Pay Less Than One-Third of Original Asking Price
Vista Tower, the three-tiered hotel and condo development, will be Chicago's third-tallest skyscraper when completed this year. (Rendering by Magellan Development Group)
Vista Tower, the three-tiered hotel and condo development, will be Chicago's third-tallest skyscraper when completed this year. (Rendering by Magellan Development Group)
By Jennifer Waters
CoStar News
July 30, 2020 | 8:19 P.M.

Magellan Development Group is paying $270 million to take full control of Chicago’s 101-story Vista Tower, a building near completion that’s already remade the skyline of the third-largest U.S. city.

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