Magellan Development Newswire

Magellan Development Newswire

Comprehensive Real-Time News Feed for Magellan Development.

Results 1 - 20 of 20 in Magellan Development

  1. When it comes to luxury condos still under construction, many are willing to buy sight unseenRead the original story w/Photo

    Nov 6, 2018 | Chicago Tribune

    ... construction project allows for the biggest selection of homes and incentive pricing," said developer Magellan Development Group's senior vice president of sales, Leila Zammatta. And with an average price tag of $2.4 million, buyers want to know ...


  2. Vista Tower finally gets its glassRead the original story w/Photo

    Oct 24, 2018 | Curbed

    ... In the meantime, you can follow the action on the project's recently reactivated webcam . Chicago-based Magellan Development and China-based partner Dalian Wanda broke ground on Vista Tower in mid 2016. This September, facing pressure from the ...


  3. Don't put those cranes away yet, Chicago: Plan Commission approves three megadevelopmentsRead the original story w/Photo

    Oct 19, 2018 | Chicago Tribune

    ... than 900 hotel rooms combined. (BKL Architecture rendering) Near the river and Lake Michigan downtown, Magellan Development Group gained the commission's sign-off for two new phases in its ongoing 28-acre Lakeshore East development, which would add ...


  4. Before it becomes Chicago's third-tallest building, Vista Tower could have owner No. 2Read the original story w/Photo

    Sep 21, 2018 | Chicago Tribune

    ... foreground. The tower's expected height of 1,186 feet would make it Chicago's third-tallest building. (Magellan Development rendering) Vista Tower appears likely to have a new owner before construction is completed on the supertall skyscraper that ...


  5. Apartment portion of Aqua Tower, wavy skyscraper designed by Jeanne Gang, up for saleRead the original story w/Photo

    Sep 20, 2018 | Chicago Tribune

    ... luxury apartments up for sale, looking to ride a wave of demand for downtown Chicago rental properties. Magellan Development Group and its investment partner, J.P. Morgan Asset Management, have hired Jones Lang LaSalle brokers to seek a buyer for ...


  6. Lakeshore East developers retool plan for three new towersRead the original story w/Photo

    Aug 29, 2018 | Chicago Tribune

    ... to as many as 1,700. The public meeting, hosted by 42nd Ward Ald. Brendan Reilly , was a key step for Magellan Development Group and Lendlease to win zoning approval for the ambitious next phase in the 28-acre Lakeshore East development near the ...


  7. The amenities arms race: Do souped up apartment buildings attract - and keep - Chicago renters?Read the original story w/Photo

    Aug 15, 2018 | Chicago Tribune

    ... and CEO of the Chicago-based Tenant Advisory Group, a commercial real estate brokerage That's why Magellan Development Group created an artist-in-residence amenity for its properties in April 2017. The program launched earlier this year at The ...


  8. *** UPDATED x1 *** How can Pritzker raise campaign money after swearing off fundraising?Read the original story

    Aug 7, 2018 | The Capitol Fax Blog

    ... reported Wednesday include $89,200 from Robin Loewenberg Tebbe, chief marketing officer of the Magellan Development Group. She's been a past donor to Mayor Rahm Emanuel, giving him a total of $10,700 in contributions in 2014 and 2016. Pritzker ...


  9. A luxury condo tower is giving residents Tesla vehicles to shareRead the original story

    Jun 19, 2018 | Inman Real Estate News

    ... leasing or owning a personal vehicle," Leila Zammatta, senior vice president of sales at the building's Magellan Development Group, said in a statement. "The tower will be the third-tallest building in Chicago once completed." Right now, Vista Tower ...


  10. Don't look now, but at 50 stories, the Vista Tower is halfway doneRead the original story w/Photo

    Jun 13, 2018 | Chicago Tribune

    Vista Tower last week reached a key milestone on its way to becoming Chicago's third-tallest skyscraper, when concrete was poured to form the 50th floor. Construction reached the halfway point toward a planned height of 1,191 feet, Chicago developer Magellan Development Group said.


  11. Vista Tower construction hits halfway milestoneRead the original story w/Photo

    Jun 8, 2018 | Curbed

    ... soon slip if a proposed 1,422-foot skyscraper next to Tribune Tower is realized. Vista Tower comes from Magellan Development Group and features a stacked frustum design by renowned Chicago architect Jeanne Gang of Studio Gang in collaboration with ...


  12. $2 billion Riverline mega-development divides into separate residential projectsRead the original story w/Photo

    Mar 14, 2018 | Chicago Tribune

    ... years after launching its Lakeshore East development on the site of a former nine-hole golf course, Magellan Development Group is in the early stages of building the real estate equivalent of a hole-in-one. Fifteen years after launching its ...


  13. Will Union Square become Somerville's verson of Kendall Square? Developers are betting yesRead the original story w/Photo

    Mar 5, 2018 |

    ... Square area that the City of Somerville is overseeing, a project that's being led by Chicago-based Magellan Development Group and Mesirow Financial, a partnership known as US2. Like other developers descending on this underbuilt urban area, DLJ is ...


  14. Chicago's $900 million Vista Tower up for saleRead the original story w/Photo

    Jan 30, 2018 | Chicago Tribune

    ... the world, including the 1,191-foot-tall Vista Tower now under construction at 363 E. Wacker Drive. Magellan Development Group is building the 98-story condominium tower, expected to be Chicago's third-tallest skyscraper, with Wanda Group as the ...


  15. Mapping the 47 high-rises under construction in ChicagoRead the original story w/Photo

    Dec 28, 2017 | Curbed

    ... a private school ( GEMS phase 2 ). The 1,186-foot tall luxury hotel and condo tower from Chicago-based Magellan Development and China's Dalian Wanda Group will eventually climb its way to the title of Chicago's third tallest building when it is ...


  16. Alderman rejects 80-story tower, two others off of Lake Shore DriveRead the original story

    Dec 13, 2017 | Daily Herald

    The developer that wanted to build three new skyscrapers, one 80 stories tall, off the downtown lakefront has been told no by the neighborhood alderman. Alderman Brendan Reilly told constituents in an email Wednesday morning that he was rejecting the proposed high-rise project by Chicago-based Magellan Development and Australian construction giant Lendlease after receiving "hundreds of letters, emails, and calls" from neighbors opposed to the plan.


  17. Plan for 80-story tower, two others in Lakeshore East hits roadblockRead the original story w/Photo

    Dec 13, 2017 | Chicago Tribune

    An ambitious plan for three residential high-rises near Lake Michigan, including one that would soar 80 stories, has been shot down by the city's downtown alderman. Chicago-based Magellan Development Group and its development partner, Australia's Lendlease, now must make significant changes to the design to resuscitate plans for the three towers, which would house a combined 1,400 condominiums and apartments.


  18. HFF announces $64M refinancing for Radisson Blu Aqua Hotel, ChicagoRead the original story

    Nov 29, 2017 | PressReleasePoint

    November 29, 2017 - Holliday Fenoglio Fowler, L.P. announces a $64 million refinancing for Radisson Blu Aqua Hotel, Chicago, a 334-room, luxury, modern hotel in downtown Chicago. The HFF team worked on behalf of the borrower, a partnership comprising Al Rayyan Tourism Investment Company , Magellan Development Group and Carlson Rezidor Hotel Group, to place the 10-year, fixed-rate loan with J.P. Morgan Chase & Company.


  19. Chinese backers of Chicago's Vista Tower refute report of financial turmoilRead the original story w/Photo

    Nov 21, 2017 | Curbed

    ... combined $5 billion from a single buyer in exchange for five oversees assets-Vista included. Chicago's Magellan Development, the Chinese firm's partner on the project, has since pushed back against the claim. "Wanda has assured us that the articles ...


  20. Chicago's Vista Tower could get new owner amid Chinese government crackdownRead the original story w/Photo

    Nov 20, 2017 | Chicago Tribune

    ... according to a report in the South China Morning Post. The Chicago-based firm leading the project, Magellan Development Group, said it's business as usual, despite the report. Wanda Group is the equity partner for the tower being built by Magellan ...