Wells Street Tower
701 South Wells Street, Chicago, IL
|Wells Street Tower|
Exterior of Wells Street Tower
|Developer||D2 Realty Companies|
|Architect||Solomon, Cordwell, Buenz and Associates|
|Management Company||DK Condo|
|Number of Units||170|
|Number of Floors||34|
|Type of Roof||IRMA|
|701 South Wells Street, Chicago, IL|
|Distance to Public Transit||Within two blocks|
|Title of Land||Condominium|
The Wells Street Tower is a full-service condominium high-rise mixed with commercial uses in the four-level base. It was built in 2002 and is located in the pedestrian friendly area of South Loop, Chicago. Completed in a matter of two years, the Developer himself owned the 4,000 square-foot penthouse on the 32nd floor.
The area of South Loop boasts easy access to offices, shopping, dining, recreation, entertainment and public transportation. It was originally an industrial district, and has become an ideal place to live over recent years.
The revitalization of South Loop was due to the pioneering urban neighborhood of Dearborn Park - located east of Wells Street Tower - that is built on reclaimed land of unused railroad yards from the 70s and 80s.
It is said that South Loop, and the term "loop" specifically, is derived from the cable car turning loops in the central business district, and especially those of two lines that shared a loop, constructed in 1882, bounded by Madison, Wabash, State and Lake. The Loop is the historic commercial center of Downtown Chicago, the seat of government for Chicago and Cook County, as well as the historic theater and shopping district of Chicago.
The Wells Street Tower is conveniently located in the Printer’s Row area of South Loop, with easy access to the Loop, transit stations, museums, Monroe Harbor, Grant Park, Soldier Field and the nearby neighborhoods of Chinatown, Greektown, Bridgeport and Pilsen.
Wells Street Tower is said to be the ideal place to live, play, and work. It is a quick walk away from grocery stores, cafes, and shopping. Business district amenities are located just across the Chicago River.
Also located nearby is the Columbia College of Chicago, DePaul University Merle Reskin Theatre, and the school of the Art Institute. Car and bike share programs are also within walking distance.
Built 34 floors and 388 feet high, the Wells Street Tower holds 170 residences. Built by D2 Realty Companies - the conjoining of architects David Crawford and David Kleiman - using concrete and steel construction. The modern residential high-rise took two years to build and was deemed "one of the tallest buildings in Chicago south of the Loop” during this time.
The Wells Street Tower has a sloped roof and an exposed structure cladding. The tower's roof slopes upward towards the downtown Chicago skyline, and the gray and white color scheme was changed from the original design of a dark red façade with red-brick lofts on either side.
Although exterior concrete cladding is visible, the majority of the exterior of the tower is made of glass, with many windows and in-laid balconies. The residential tower sits atop a wider 4-storey base used for commercial purposes, which is white in color and has square, localized windows.
Layout and Features
The residences at the Wells Street Tower offer 9-foot ceilings and 7-foot, floor-to-ceiling for maximization of the expansive views. Interior finishes include full granite kitchens, imported wood cabinets, fireplaces and whirlpool baths in each unit. Large, functional living spaces with rich materials can be found in each of the homes.
Dining areas are featured in the tower, along with stainless steel appliances, glass back splashes, double bowl vanities, in-suite washer & dryers, walk-in closets, and large outdoor spaces.
The Tower’s lobby is also designed of rich woods and marbles.
There are six floor plans available. Here is a quick preview.
Wells Street Tower offers its residents an extensive list of amenities, including the following:
- Fitness Center
- Hospitality room
- Business Center with Private Conference Room
- Landscaped Sundeck
- Central Air Conditioning
- Gas Fireplaces
- Individual storage lockers
- Bicycle storage room
- High-speed Internet
|Wells Street Tower Bylaws|
Cats and dogs are allowed at Wells Street Tower.
Rentals are allowed.
There are no age restrictions on ownership.
Low-energy appliances are found within each residence at the Wells Street Tower, as well as double-pane, floor-to-ceiling windows.
Parking is available within the building, however, travel on foot is very easy since every daily amenity is within walking distance, including shopping, entertainment, restaurants, and public transportation.
The area where the Wells Street Tower is located is called Printer's Row, but is officially named the Printing House Row Historic District. This area was once the heart of Chicago's printing business. Although the printing companies have since moved on, they have left behind massive buildings and the printing machinery has been preserved.
In the late 19th century after the construction of the Dearborn Street train station is when the area of South Loop as a whole began to develop, igniting commercial activity in the area, specifically the printing industry.
Printers and publishers were attracted to South Loop because of its proximity to the railroad terminal. During this time, the Chicago printing industry was one of the largest in the United States. When the Dearborn Street Station closed in the early 1970s, it has a similar affect on the printing industry of Printer's Row, causing the industry to relocate to the suburbs. .
Conversion of the buildings meant transforming them into modern office lofts and condominiums, which substantially revitalized the area.
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