Magellan Development Group, LLC is an American real estate and property development company that was formed in 1996 as a result of a long term corporate partnership between Magellan Development Group and NNP Residential Development. The company's chief executive officer is David Carlins and J.R. Berger is a principal. The affiliates of bKL Architects, Joel M. Carlins & Associates, Magellan Marketing Group, Magellan Property Management, and Magellan Realty operate autonomously within the group structure. The major accomplishment of their collaboration is the $4 billion, mixed-use

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, whic ...

community which reintroduced residential living to Chicago's central business district. The master plan was designed by Skidmore, Ownings, and Merrill; it consists of , 4,950 new residences, of commercial space, 1,500 hotel rooms, of retail space, a planned elementary school, and a botanical park. The company has created luxury rental and condominium communities such as The Tides at

, The Shoreham at Lakeshore East, Grand Plaza, The Park Millennium,

One Superior Place One Superior Place is a 502 ft (153m) tall skyscraper in Chicago, Illinois. It was constructed between 1998 and 1999 and has 52 floors. The building was designed by Loewenberg + Associates, and it is tied with 10 South LaSalle as the 87th t ...

, and Dearborn Place. Condominium developments at Lakeshore East include the

Aqua, Chicago Aqua is an 82-story mixed-use skyscraper in Lakeshore East, downtown Chicago, Illinois. Designed by a team led by Jeanne Gang of Studio Gang Architects, with James Loewenberg of Loewenberg & Associates as the Architect of Record, it includes f ...

, The Parkhomes, The Chandler,

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 C ...

, The Regatta, and The Lancaster. Other Lakeshore East developments include The Park at Lakeshore East and the Village Market retail center. More recently, the company began construction of Vista Tower, a 101-story super tall structure containing a 5-star hotel and 406 luxury condominiums. Projected for completion in 2021, Vista will be Chicago's third tallest building. 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, The Park Newberry Residences. In 2012, the company expanded outside of Chicago with LPM Apartments in

Minneapolis Minneapolis () is the largest city in Minnesota, United States, and the county seat of Hennepin County. The city is abundant in water, with thirteen lakes, wetlands, the Mississippi River, creeks and waterfalls. Minneapolis has its origins ...

and more recently completed construction of luxury rental high-rises in Nashville (The SoBro) and Miami (Midtown Five) with plans for additional developments in Austin, Texas and metro Boston. In addition, the two organizations that make up Magellan Development have independently developed hotels, retail, office and medical facilities throughout the United States. Crain’s Chicago Business has 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.

References

{{reflist Companies based in Chicago Real estate companies of the United States