Subscribe: 
On my way over to Joffrey Tower this morning, I took a detour and strolled over to Magellan Development Group’s Lakeshore East mega-development. On the northeast corner of the development, the Parkhomes at Lakeshore East are taking shape, and they’re finally beginning to resemble the watercolor rendering (at left).
When I visited Lakeshore East back in May, Leila Zamatta told me that first move-ins would begin in July, but judging from these photos, it doesn’t look like that goal was met. Zammatta told me that the townhouses to the south, which are shown in all of these photos, will be the first to deliver, while deliveries at the seven-story mid-rise along Upper Harbor Drive (shown in the photo above, at right) will follow later.
There are still plenty of customization options, according to a recent post on Magellan’s blog, and buyers can choose from Snaidero or Fieldstone cabinetry, Hansgrohe fixtures, and Sub-Zero, Miele and Wolf appliances. The ten three- and four-bedroom townhouses will have between 3,565 and 3,956 square feet of living space, while the 15 mid-rise condos will have between 2,300 and 3,000 square feet of living space. Prices range from $1.6 million to $2.5 million.
- Rate and review the Parkhomes at Lakeshore East at NewHomeNotebook.com.
Related posts:
{ 1 trackback }
{ 14 comments }
I want to like these, but…
…but they’re out of scale and context? Yeah.
looks like they left the bay windows out..
Alan:
You think so? I assumed that they just hadn’t been built out yet. What else would they do with those large openings that are covered in plastic?
I’d advise anyone to check out Magellan Development’s reputation at http://www.ripoffreport.com Apparently all 3 of the completed buildings so far have gotten lawyers to take legal action against Magellan. Hence, as far as the Park Homes go, anyone should be very cautious about buying them sight-unseen. Also, the park is Chicago Park district now, which as I last checked, was bankrupt. It’s one thing to have a park nearby, but to have a poorly maintained city park literally outside your door? And with crime in Chicago and a reduced police force? This just doesn’t seem like a safe investment to me.
AW,
What’s your interest in dispensing this advice?
It’s clear that you have more interest in bashing Magellan than in fact-checking.
I can’t find any record at the Cook County Clerk of Court’s online docket search of any of these condo associations having filed suit against Magellan. Magellan seems to have been involved in very little litigation for a company of its size.
It’s a fact of life that sleazy lawyers target condo associations trying to gin up litigation against developers.
The Chicago Park District is bankrupt?
Ripoff Reports is authority for anything? All 3 reports appear to speak in a single voice and may have been written by the same person.
Checking out a developer’s reputation is a good thing, but not in the manner you’ve suggested. Talk to actual buyers rather than paying attention to anonymice.
I guess if the Park District is bankrupt, then buying a condo along Lincoln Park West or Lakeview Avenue is also a bad idea…
The Park District has an obligation – its main obligation, in fact – to maintain its parks. I’d be more worried if the park was maintained by Magellan or the condo associations. I also doubt that crime will be a problem in this park that’s so isolated from the rest of the city.
I second Joe and Tim’s comments – AW, what is your point? Doing due diligence and checking out a developer’s reputation is indeed a good thing, but talking to actual homeowners (and checking the actual records for court cases instead of simply believing what some anonymous person posts online) is more likely to paint you an accurate picture than anything else.
That said, I don’t live in any of Magellan Development’s properties myself, but I’m very impressed/interested in the new Aqua building and its progress.
Dude, lawyers have been involved in all of them. This I know as a fact for each building. They may not have made it to court . . . yet. The ripoffreports were done by separate people who sat down because they wanted Chicago to know the truth about these guys selling this stuff. Regarding the Park, just ask residents in the Lancaster about how well it’s being maintained by the City. Even O’Reilly in a community meeting noted the Park district can’t do it’s job maintaining what it already has, that’s why they’ve been selling off Chicago Parks. I’m not saying the Lakeshore East development is ALL bad. But it sure ain’t all good. It seems Magellan’s sales staff is out there pumping up the boards with false praises.
AW,
Since you’re so fact-laden, e-mail (YoJoe at YoChicago.com) with the names of the lawyers involved. I’ll follow up and validate what you’re saying.
What parks has the Chicago Park District sold? I’m completely unfamiliar with any sales.
Put up some facts, dude, or no one will believe a word you say.
In the 90’s the Park District sold many smaller “mini parks” to developers. By mini park I mean 25-50 foot lots that had been abandoned by their owners and ended up being city owned. The city then deeded them to the Park District and then the Park District deeded them back to the city prior to sale at auction.
There was one such lot on the 4300 block of Kenmore and another on the 4200 Block of Broadway. They were both purchased by the same developer and condos were built.
There were other locations also, but I don’t recall locations.
I’m not aware of any recent sales of Park District owned property. That doesn’t mean such sales haven’t occurred. It just means like Joe Zekas suggested some specifics would be nice.
IrishPirate,
I never considered those tiny parcels as parks.
If anything, the Park District has been adding parkland and opening new parks over the past 10 years. And from what I’ve seen around this city, and many another city, the CPD does a comparatively fine job of maintaining its parks.
I don’t thnk we’re going to see any specifics out of AW.
I have a hard time picturing the Park District selling any large parcels of land. The outcry would be loud and vociferous. I don’t think we’ll ever see the headline “Park District sells 20 acres around Humboldt Park Lagoon for Waterfront Condos”.
If we did the headline the next week would be “Feds Investigating Sales of Parkland to Mayoral Cronies”.
Now there have been some “interesting” leases of Park District land at Millennium Park to a restaurant and certain Lincoln Park soccer fields that have garnered attention, but no large sales that I am aware of.
Perhaps since “AW” called you “dude” and referred to “O’Reilly” instead of Aldercritter “Reilly” I suggest you take what he says with the seriousness he deserves.
IrishPirate,
I’ve spent, in total, over a year in Southern California, so I’m used to being called dude.
Comments on this entry are closed.