741 N Wells consists of nearly 14,000 square feet across three retail spaces, including Jesse Home Element furniture and the former Yolk Restaurant. The site is conveniently located just 1 block east of the Chicago Avenue CTA Station (Purple and Brown lines) and 4 blocks west of the Chicago Avenue CTA Station (Red line). The area is highly desirable for retailers as 90,000 residents with an average household income of $125,000 living within a mile. Additionally, there are approximately 4,000 hotel rooms in the immediate vicinity. As owners of the buildings both to the north and south of this site, Vista recently received Plan Commission approval for a new building that would consist of a 21-story mixed-use tower. 178 residential units and 9,400 square feet of ground floor retail would be included, rising 255 feet high. In recent years, River North has become the center of residential development for downtown Chicago. The area borders on the JDL residential development of the Moody Bible Institute and has a wide selection of restaurant, shopping and entertainment options including Cafe Iberico, Foxtrot Farmhouse, Starbucks, Lightology, and many more.