Magellan Development Group LLC Information

Since its inception in 1996, Magellan Development Group (“Magellan”) has established a reputation as a prolific and accomplished Chicago real estate developer. With unparalleled success, Magellan has mastered complex high-rise residential and mixed-use development. Magellan’s co-CEOs, Joel Carlins and James Loewenberg, together with President David Carlins, have successfully developed and completed twenty-one large-scale projects ($5 billion of residential, mixed-use and commercial) totaling over seven thousand residential units and an excess of a half a million square feet of commercial space. The company maintains a favorable financial position and fosters long-standing relationships with a variety of real estate lenders, institutions and investors. Magellan has received over sixty awards for excellence. The company broke new ground with the award-winning Aqua building by combining retail, commercial, rental apartments, condominiums, town homes, and a hotel into a single tower. Magellan and its affiliates have designed and developed a wide variety of award-winning projects including multifamily, commercial, institutional, governmental, educational, medical and hospitality uses. Magellan’s vision for its master-planned Lakeshore East community has transformed a challenging and complex site into one of the crown jewels of the City – a $4 billion, 28-acre neighborhood which skillfully interweaves green and open space throughout the development. It is truly a village in the heart of the City. Currently, approximately 60 percent complete, Lakeshore East will ultimately be home to nearly 10,000 residents, along with hotels, businesses, GEMS World Academy, Mariano's, restaurants and retail shops/services. Magellan is a fully integrated development company designed to provide comprehensive real estate services including development, architecture & design, construction management, sales and marketing, leasing and property management.