Magellan Development
Encyclopedia
Magellan Development Group, LLC is a Chicago
real estate and property development company that was formed as a result of a long term corporate partnership between Magellan Development Group and NNP Residential Development.
The company's co-chief executive officers are Joel Carlins and James Loewenberg; the company's president is David Carlins. The residential affiliates, including Loewenberg Architects, Joel M. Carlins & Associates, Magellan Marketing Group, Magellan Realty, Titan Commercial and Perl Mortgage operate autonomously within the group structure.
The major accomplishment of their collaboration is the $4 billion, mixed-use Lakeshore East
community which reintroduced residential living to Chicago's central business district. The master plan was designed by Skidmore, Ownings, and Merrill; it consists of 28 acres (113,312.1 m²), 4,950 new residences, 2200000 square feet (204,386.7 m²) of commercial space, 1,500 hotel rooms, 770000 square feet (71,535.3 m²) of retail space, a planned elementary school, and a 6 acres (24,281.2 m²) botanical park. It earned a 2002 Honor Award for Regional and Urban Design from the American Institute of Architects.
The company has created luxury rental and condominium communities such as The Tides at Lakeshore East
, The Shoreham at Lakeshore East, Grand Plaza, The Park Millennium, One Superior Place
, and Dearborn Place. Condominium developments at Lakeshore East include the Aqua, Chicago
, The Parkhomes, The Chandler, 340 on the Park
, The Regatta, and The Lancaster. Other Lakeshore East developments include The Park at Lakeshore East and the Village Market retail center. In addition, the two organizations that make up Magellan Development have independently developed hotels, retail, office and medical facilities throughout the United States.
In addition to the Lakeshore East community, its portfolio includes buildings in Chicago's River North, Gold Coast, and Near West Side neighborhoods, such as The Park Alexandria, The Caravel, Admiral’s Pointe, The Farallon, 630 North State, 21 West Chestnut, and The Park Newberry Residences.
Crain’s Chicago Business has recently named the company LLC one of Chicago’s top 5 “Largest Homebuilders” in 2007 in addition to naming Magellan as number 113 in the list of “Chicago’s Largest Privately Held Companies”. The company has been responsible for the creation of over 12,000 residential units in Chicago and is known for its philanthropic endeavors and unique Rewards program as well as its luxury properties.
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
real estate and property development company that was formed as a result of a long term corporate partnership between Magellan Development Group and NNP Residential Development.
The company's co-chief executive officers are Joel Carlins and James Loewenberg; the company's president is David Carlins. The residential affiliates, including Loewenberg Architects, Joel M. Carlins & Associates, Magellan Marketing Group, Magellan Realty, Titan Commercial and Perl Mortgage operate autonomously within the group structure.
The major accomplishment of their collaboration is the $4 billion, mixed-use Lakeshore East
Lakeshore East
Lakeshore East is a master-planned mixed use urban development being built by the Magellan Development Group in the Loop community area of Chicago in Cook County, Illinois, United States. It is located in the northeastern part of the Loop, which, along with Illinois Center, is called the Near East...
community which reintroduced residential living to Chicago's central business district. The master plan was designed by Skidmore, Ownings, and Merrill; it consists of 28 acres (113,312.1 m²), 4,950 new residences, 2200000 square feet (204,386.7 m²) of commercial space, 1,500 hotel rooms, 770000 square feet (71,535.3 m²) of retail space, a planned elementary school, and a 6 acres (24,281.2 m²) botanical park. It earned a 2002 Honor Award for Regional and Urban Design from the American Institute of Architects.
The company has created luxury rental and condominium communities such as The Tides at Lakeshore East
Lakeshore East
Lakeshore East is a master-planned mixed use urban development being built by the Magellan Development Group in the Loop community area of Chicago in Cook County, Illinois, United States. It is located in the northeastern part of the Loop, which, along with Illinois Center, is called the Near East...
, The Shoreham at Lakeshore East, Grand Plaza, The Park Millennium, One Superior Place
One Superior Place
One Superior Place is a 502ft tall skyscraper in Chicago, Illinois. It was constructed from 1998 to 1999, and has 52 floors. Loewenberg + Associates designed the building, which is tied with 10 South LaSalle as the 87th tallest building in Chicago...
, and Dearborn Place. Condominium developments at Lakeshore East include the Aqua, Chicago
Aqua, Chicago
Aqua is an 86-story mixed-use residential skyscraper in the Lakeshore East development in downtown Chicago. Designed by a team led by Jeanne Gang, the building is the tallest in the world to have a woman as lead architect, at . It includes one level of parking below ground...
, The Parkhomes, The Chandler, 340 on the Park
340 on the Park
340 on the Park is a residential tower in the Lakeshore East development of the neighborhood of New Eastside/ East Loop Chicago and was completed in 2007. The building briefly surpassed 55 East Erie as the tallest all-residential building in Chicago...
, The Regatta, and The Lancaster. Other Lakeshore East developments include The Park at Lakeshore East and the Village Market retail center. In addition, the two organizations that make up Magellan Development have independently developed hotels, retail, office and medical facilities throughout the United States.
In addition to the Lakeshore East community, its portfolio includes buildings in Chicago's River North, Gold Coast, and Near West Side neighborhoods, such as The Park Alexandria, The Caravel, Admiral’s Pointe, The Farallon, 630 North State, 21 West Chestnut, and The Park Newberry Residences.
Crain’s Chicago Business has recently named the company LLC one of Chicago’s top 5 “Largest Homebuilders” in 2007 in addition to naming Magellan as number 113 in the list of “Chicago’s Largest Privately Held Companies”. The company has been responsible for the creation of over 12,000 residential units in Chicago and is known for its philanthropic endeavors and unique Rewards program as well as its luxury properties.