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Magellan Development
Architects are generally sensitive to the context in which their buildings will be situated. Building renderings and photos, however, rarely show the context, or offer only a limited glimpse of the surroundings. This panoramic view of the north side of the Chicago River, seen from upper Wacker Drive, illustrates Optima Center‘s distinctive presence on this ...
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Posted by Joe Zekas on March 22, 2013
Stephanie Konow and Katie Bommarito are former rental services agents who grew frustrated with that business and set out to connect Chicago tenants directly with landlords by founding Chicago Rentals Direct. Eighteen months ago they led me on a tour of the six rental high-rises in the New East Side neighborhood – the area bounded ...
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Posted by Joe Zekas on January 22, 2013
Have trouble wrapping your mind around that headline? Let the headline and lede of a recent Crain’s Chicago Business article unpack it: Developers stampede River North with apartment projects There are nearly enough developers with apartment proposals streaming into River North to fill one of the neighborhood’s thumping nightclubs. Five projects worth roughly $500 million, ...
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Posted by Joe Zekas on January 14, 2013
The overnight email included this news release: The development team for Wolf Point unveiled a plan Tuesday night for a stunning, signature proposal for the long-dormant property at the junction of the north, south and east branches of the Chicago River. The three-phase project includes three towers – a residential building on the western portion ...
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Posted by Joe Zekas on May 30, 2012
The Coast, 345 E Wacker Dr, is about two-thirds of the way toward its ultimate 49-story height. It appears to be on track to meet its targeted completion date of February 2013. When it’s complete, The Coast will include 499 apartments, 18,000 square feet of retail space, 18,000 square feet of amenities, and parking below ...
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Posted by Joe Zekas on May 23, 2012
ST Residential has appointed two affiliates of Magellan Development Group as development manager and property manager of the LEX, a 329-home multifamily residential development located at 2138 S. Indiana in the South Loop. First occupancy is targeted for early April 2012. From today’s news release: “Magellan has great experience as a successful high-rise developer and ...
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Posted by Joe Zekas on March 13, 2012
Site work on the Coast at Lakeshore East, 345 E Wacker Dr, began in June of 2011. When it is completed in February 2013, the 49-story Coast will include 499 residential apartments, 18,000 square feet of retail space, 18,000 square feet of amenities and parking located below Wacker Drive. Pedestrian access will be from Wacker ...
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Posted by Joe Zekas on October 30, 2011
The 920-unit Lathrop Homes, a Chicago Housing Authority (CHA) project, has been largely vacant for several years. On Tuesday, according to Chicago Real Estate Daily, the CHA voted to authorize Lathrop Community Partners, a consortium of developers, to move forward with planning for the project’s redevelopment, which may involve as many as 1,200 mixed-income housing ...
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Posted by Joe Zekas on September 21, 2011
If you want to stay current on news about Chicago high-rise developments, the SkyscraperCity High-rise Development News forum is a must-visit. The forum is often the first place to break news about Chicago high-rises. A hat tip to the forum for alerting me to this recent update on Lakeshore East’s “Building A” at The Chicago ...
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Posted by Joe Zekas on May 16, 2011
Remember that supermarket that Magellan Development started building at Lakeshore East last year? It’s almost finished. Mark Boyer of Curbed stopped by recently and shared some snapshots from his trip this afternoon, including the one above. The 105,000 square-foot Village Market Center will be home to a Mariano’s Fresh Market, a III Forks steakhouse, and ...
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Posted by Joseph Askins on May 10, 2011
On Monday, Curbed’s Mark Boyer shared some new renderings of Magellan Development‘s next endeavor at Lakeshore East: a Brininstool, Kerwin & Lynch-designed apartment tower planned for 345 E Wacker Dr. Today, David Roeder of the Sun-Times followed up with a short report on the building’s design and timetable for construction. The 49-story high-rise will have ...
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Posted by Joseph Askins on May 4, 2011
The Tides, Magellan Development‘s 51-story apartment tower at 360 E South Water St in Lakeshore East, had a bedbug problem in 2010, according to a post at The Bedbug Registry: Two cases of bed bugs found in apartments at The Tides – May and November 2010. Seems to be spreading through the building. Management is ...
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Posted by Joseph Askins on January 6, 2011
The Chicago chapter of the American Institute of Architects will recognize three new condo towers in Chicago and Skokie at tonight’s 2010 Design Excellence Awards, Blair Kamin reports. Aqua, designed by Studio Gang Architects, and Optima Old Orchard Woods, designed by developer-architect David C. Hovey, will receive Honor Awards for Distinguished Buildings. 235 Van Buren, ...
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Posted by Joseph Askins on October 29, 2010
For the third time in five years, the Chicagoland Apartment Association presented a Marketing and Management Excellence (CAMME) award for overall excellence to a Lakeshore East high-rise. Aqua, 225 N Columbus Dr, received the 2010 Property Excellence Award, following The Tides, which won last year, and The Shoreham, which won in 2006. Aqua also won ...
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Posted by Joseph Askins on October 27, 2010
Related Midwest, Heartland Housing, Bickerdike Redevelopment Corporation, Magellan Development Group, and Ardmore Associates will lead the multi-phase redevelopment of the Lathrop Homes at Diversey Parkway and Clybourn Avenue on the Lincoln Park / Lake View border, according to a media release from the Chicago Housing Authority (PDF). The companies, working together as Lathrop Community Partners, ...
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Posted by Joseph Askins on October 22, 2010
One Superior Place, one of the two most expensive rental high-rises in downtown Chicago, is up for sale, according to Crain’s. CB Richard Ellis has started soliciting potential investors for the 52-story, 809-unit tower at 1 W Superior St in River North. Current owner Brookfield Asset Management may want as much as $260 million for the ...
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Posted by Joseph Askins on October 14, 2010
An multifamily REIT division of Texas-based Behringer Harvard bought Burnham Pointe earlier this summer and is now angling for a 75-percent stake in Aqua’s apartments, according to Crain’s. The $189 million deal is contingent on the sale of Aqua’s hotel space and on Behringer raising approximately $100 million. According to Apartments.com, Aqua’s studios and convertibles ...
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Posted by Joseph Askins on September 23, 2010
That’s what a furnished living room looks like at Magellan Development‘s Benton Place Parkhomes. Interior designer Robert Pope, who designed the interiors at Aqua, put together a couple of models for these new townhomes on Lakeshore East‘s southeast corner. A gallery of images from inside and around the units is available on Magellan’s website. The ...
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Posted by Joseph Askins on July 12, 2010
From Magellan Development‘s promotional materials for 21 West Chestnut, circa 1998: 21 West Chestnut Place Condominiums is a perfect mix of classic architecture and stylish design. Blending seamlessly with its setting, this distinguished building offers a superb selection of brand-new condominium homes, and provides the best in traditional beauty, luxury and comfort. There are gourmet ...
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Posted by Joseph Askins on June 24, 2010
Aqua‘s been open long enough for a number of buying and renting choices to emerge. If you’re looking to buy a condo, there are still a number of brand new units offered by Magellan Development, but there are also three like-new resales that most likely have never had occupants. If you want to rent, you ...
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Posted by Joseph Askins on June 22, 2010
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