“Chicago’s still a bargain compared to other large urban centers. When people first start investigating deals in Chicago and they’re from New York or Boston, they’re blown away by how much your money buys you in Chicago.”
– David Carlins, president of Magellan Development.
Carlins weighed in recently on New Homes Magazine‘s upcoming feature on high-rise development. By all accounts, his firm rode the market to success with Lakeshore East, Magellan’s master-planned community in the East Loop – but despite that, Carlins says Magellan is playing it safe with respect to Lakeshore East’s continued development.