Two for one: Buy a Vista Tower condo, get a Tesla car

New skyscraper will have car-sharing program for its 400 resi units

TRD CHICAGO /
Jun.June 23, 2018 10:41 AM

Elon Musk. (Credit from left: Steve Jurvetson, einstraus/Wikimedia Commons)

Magellan Development Group is taking buyer incentives to a new level.

At Studio Gang’s under-construction Vista Tower, scheduled to open in 2019, residents of the skyscraper’s 400 apartments will have access to a car-sharing program stocked with the latest Tesla models, as Inman reports. Residents who use the service will manage their vehicle bookings through a mobile app.

“The car-share program provides an alternative for residents to travel beyond the local community without the commitment of leasing or owning a personal vehicle,” Magellan’s Leila Zammatta explained to Inman.

Vista Tower will also house a hotel and, when complete, will be Chicago’s third tallest building.

Car-share programs are becoming an increasingly popular amenity aimed at both reducing residents’ carbon footprints and lessening overloaded parking lots. [Inman]Erin Hudson


Related Articles

arrow_forward_ios
Tower of power: a look at who’s buying at No. 9 Walton

Tower of power: a look at who’s buying at No. 9 Walton

Tower of power: a look at who’s buying at No. 9 Walton
(Credit: iStock)

Chicago-area home values saw poor start to 2020

Chicago-area home values saw poor start to 2020
Mayor Lori Lightfoot (Credit: Getty Images)

Chicagoans flee to their second homes

Chicagoans flee to their second homes
854 W. Webster Ave. (Credit: Redfin)

Here are the priciest resi sales in Chicago this week

Here are the priciest resi sales in Chicago this week
From left: Lendlease CEO Steve McCann, and Magellan CEO David Carlins, with a rendering of the Cirrus and Cascade projects (Credit: Lendlease/Magellan/bKL Architecture via Curbed)

Lendlease, Magellan land $283M in construction financing for resi towers project

Lendlease, Magellan land $283M in construction financing for resi towers project
(Credit: iStock)

Chicago is No. 3 city for single women to buy a home: study

Chicago is No. 3 city for single women to buy a home: study
924 N. Clark Street and owner of the mansion, Rishi Shah

Revealed: What accused fraudster Rishi Shah paid for one of Chicago’s grandest mansions

Revealed: What accused fraudster Rishi Shah paid for one of Chicago’s grandest mansions
Wolf Point East at 313 W. Wolf Point Plaza and Nema Chicago at 1210 South Indiana Avenue (Credit: Hines, Nema Chicago)

Over 10K new apartments could flood Downtown Chicago by 2022. But there’s a catch

Over 10K new apartments could flood Downtown Chicago by 2022. But there’s a catch
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...