Magellan Development


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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 and Magellan Development have landed $283 million in construction financing for their two residential towers rising in Lakeshore...

Lendlease, Magellan land $283M in construction financing for resi towers project
Property tax increases and other factors are encouraging hometown developers to seek projects in markets outside of Chicago (Credit: iStock)

Development drain? More local firms seek projects outside Chicago

Some prominent Chicago developers are setting their sights and sites on other markets in 2020, concerned over rising property...

Development drain? More local firms seek projects outside Chicago
From left: Jim Loewenberg, David Carlins and Joel Carlins

Keeping it in the family: Magellan co-founder’s son becomes CEO

Chicago developer Magellan is keeping it all in the family amid some big changes at the company. Two new...

Keeping it in the family: Magellan co-founder’s son becomes CEO
Lori Lightfoot (Credit: Getty Images and iStock)

Meet Lori Lightfoot’s new affordable housing task force

Mayor Lori Lightfoot has appointed 20 “industry stakeholders,” most of whom are involved in low-income housing advocacy or nonprofit...

Meet Lori Lightfoot’s new affordable housing task force
Rendering of Sterling Bay/Magellan tower at 300 North Michigan Avenue just south of the Chicago River

Dutch hotelier to add 280 rooms to planned 47-story tower, then buy a piece of it

A Netherlands-based hotel company plans to open a 280-key hotel within Sterling Bay and Magellan Development Group’s upcoming 47-story...

Dutch hotelier to add 280 rooms to planned 47-story tower, then buy a piece of it
Magellan Development Group's Executive Vice President Sean Linnane and Vista Tower

Cooling Chinese real estate investment throws up road block to Vista Tower condo sales

Magellan Development is blaming an unexpected drop in Chinese investment in American real estate for draining some momentum from...

Cooling Chinese real estate investment throws up road block to Vista Tower condo sales
493-chicago-towers

Rising up: Here are Chicago’s 10 tallest towers in the works

Chicago became the birthplace of the skyscraper in 1885, and more than a century later developers keep adding to...

Rising up: Here are Chicago’s 10 tallest towers in the works
Projects to watch: Here are the biggest Chicago developments in the works

Projects to watch: Here are the biggest Chicago developments in the works

When city planners gave Related Midwest last week the first official approval to start work on The 78, the...

Projects to watch: Here are the biggest Chicago developments in the works
Projects to watch: Here are the biggest Chicago developments in the works


Projects to watch: Here are the biggest Chicago developments in the works


When city planners gave Related Midwest last week the first official approval to start work on The 78, the...

Projects to watch: Here are the biggest Chicago developments in the works

Projects to watch: Here are the biggest Chicago developments in the works

Projects to watch: Here are the biggest Chicago developments in the works

When city planners gave Related Midwest last week the first official approval to start work on The 78, the...

Projects to watch: Here are the biggest Chicago developments in the works
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