Magellan News
Posted by admin | January 27, 2011 | No Comments » |
LAKESHORE EAST YOUNG PROFESSIONAL ASSOCIATION INVITES YOU TO:
ELK COVE WINE MIXER AT PARK GRILL
Wednesday, February 16th – 6:00pm to 8:00pm
Winery Representative: Deb McGowan, Expedition Wines & Spirits
$40 per person at the door
RSVP Required: Events@LakeshoreEast.com
ORGANIC, SUSTAINABLE, HAND HARVESTED
BUTLERED HORS D’ OEUVRES
Vitello Tonnato
Chilled West Coast Oyster
Organic Popcorn with Smoked Paprika
Poached Figs, Ricotta Cheese, Grilled Bread
CHARCUTERIE BOARD
La Quercia Ham
Smoked Duck Breast
Amish Chicken Rillette
House Pickles, Onions, Grain Mustard
LOCAL ARTISAN CHEESES
Pickled Raspberries
Apple Butter
Candied Almonds
WINE PAIRINGS
2009 Elk Cove Pinot Gris, Willamette Valley Oregon
90 points Wine Spectator November 2010, Wine Spectator’s Top 100 Wines of 2010
2007 Elk Cove Pinot Noir, Willamette Valley Oregon
Robert Parker’s Wine Advocate “medium ruby colored, it offers up a pleasing perfume of smoke, spice box, cherry & cranberry. Easy going and elegant on the palate, this tasty well balanced effort can be enjoyed for the next 6 years.
Oregon Wine Awards, March 2009 – Gold. Consensus – Best in Class Award
“Champions of Value” Wine & Spirits (October 15, 2009)
His Pinot Noir and Pinot Gris are standouts.” Wine Spectator (January 1, 2009)
“Pacific Northwest Winery of the Year!” Wine Press Northwest (March 20, 2007)
“Long Lasting Elk Cove is one of Oregon’s Elite Wineries.” The Seattle Times
Posted by admin | January 18, 2011 | No Comments » |
Carlson and Magellan Radisson Blu Groundbreaking Ceremony Generates
$25,000 for Chicago Food Depository
Executives of Carlson Hotels and Magellan Development Group recently celebrated a ceremonial groundbreaking for the nation’s premier Radisson Blu Hotel with a $25,000 donation to The Greater Chicago Food Depository.
With 14th Ward Alderman Edward M.Burke, chairman of the Chicago City Council committee on finance, in attendance, the group ceremonially cut a 4-toof-tall replica of the distinctive Aqua Tower at Lakeshore East where the new hotel is now under construction.
Carlson officials in attendance included Thorsten Kirschke, Carlson Hotels president, Robert Kleinschmidt, executive vice president and chief development officer and Javier Rosenberg, vice president of owned and managed operations.
They were joined by Magellan Co-CEOs James Loewenberg and Joel Carlins and Kate Maehr, executive director and CEO of the Greater Chicago Food Depository.
A joint venture of Magellan and Carlson, a global hospitality and travel company, the Radisson Blu Aqua will occupy 18 floors of the mixed-use tower at 225 N. Columbus that was recently proclaimed “Skyscraper of the Year” by Emporis, the international building database.
Based in Minnetonka, Minn., Carlson encompasses more than 1,080 hotels in 77 countries, including more than 680 hotels in the Americas.
Posted by admin | January 10, 2011 | No Comments » |
FREE TICKETS FOR OUR FRIENDS AT LAKESHORE EAST
PLEASE JOIN US FOR THE SECOND EAT TO THE BEAT LUNCHTIME PERFORMANCE!
Eat to the Beat, our wildly popular workday lunch hour series continues on Friday, January 21 from 12:00 - 1:00 pm featuring exceptionally gifted artists from the highly acclaimed ChiArts.
Bring your lunch inside the Theater while experiencing the next generation of brilliant dancers, actors, vocalists, and jazz musicians from Chicago’s “own version of Fame.” (WBEZ)
To redeem this special complimentary invitation, contact the Harris Theater Box Office at 312.334.7777 and mention code “GUEST”.
Posted by admin | January 4, 2011 | No Comments » |
Magellan Development, J.P. Morgan
Aqua Apartment Transaction a Positive Sign for 2011
Institutional investors advised by J.P. Morgan Asset Management have invested $182 million for a majority stake in the 474-rental apartment portion, as well as parking and commercial space, of Aqua at Lakeshore East.
According to David Carlins, president of Magellan Development Group, the developer of Aqua, which anchors the 28-acre Lakeshore East neighborhood, “recapitalizing the apartments will provide us with more flexibility with our few remaining condominium inventory left to sell.” He continues, “We are pleased to be aligned with J.P. Morgan, one of the most prominent asset managers in the country. This transaction has set the stage for the future of the Lakeshore East development.”
Aqua’s rental component experienced one of the fastest lease-ups in Chicago at some of the highest rents with residents responding positively to the unique undulating balcony designs and architectural-icon status of the tower along with a spectacular amenity package.
In addition, 80 percent of Aqua’s condominiums have been sold and the 334-room upper-upscale Radisson Blu Hotel is scheduled to open this year. “Aqua has performed very well considering the real estate climate we’ve been experiencing,” noted Carlins.
The award-winning, mixed-use 87-story tower designed by Jeanne Gang of Studio Gang Architects includes 474 studio to two-bedroom luxury rentals from floors 19 to 52. The building also has 262 condominium residences on floors 53 to 81, including studio to three-bedroom units, as well as two floors of penthouse units. It also has nine three-story Parkhomes in its base. The 14-story Radisson Blu Hotel is now under construction on floors 4 to 18. The flagship Radisson Blu Aqua, Carlson Hotels’ first in the United States, is a joint-venture with Magellan and will include a 12,500-square-foot ballroom, 27,000-square-feet of meeting space and a 150-seat restaurant and bar as well as 334 guest rooms.
Carlins noted that while apartment investments have been lax, the arrangement with J.P. Morgan was energized by an improving lending climate and occupancies and rents that have risen significantly. The deal with Magellan, brokered by CB Richard Ellis, is believed to be Chicago’s largest multifamily deal in more than three years and among the top 10 apartment sales in the country this year.
Carlins said that the sale will allow Magellan to pay off a $175 million balance on a construction loan for the internationally acclaimed Aqua tower whose long list of awards includes the prestigious 2009 Skyscraper of the Year Award by Emporis, the international building database, besting more than 300 competitors worldwide. NNP Residential, Magellan property management affiliate, will continue to manage Aqua rental apartments.
Posted by admin | January 4, 2011 | No Comments » |
While we love the city of Chicago, its winters can be frosty! As the icy wind blows off Lake Michigan, those of us who rent apartments in Chicago start looking for indoor activities and dream of milder climates. If you can’t escape to Miami or Cabo, you can definitely escape inside Aqua—the amenities of the all-inclusive building can let you enjoy some of your favorite pastimes inside when you want to avoid the weather outside!
Here are some of Aqua’s built-in features that make it a welcome home during Chicago’s winter:
Sky Garden Lounge – On the sunny days of winter that are still a little too cold to spend outdoors, take a book or your laptop computer up to the Sky Garden of the Shore Club floor in Aqua. Floor-to-ceiling windows let the sun in, and a lounge feel with comfy couches, chairs and tables offers a great space to relax and enjoy the outdoor scene while staying warm. Wireless internet is available so you can study, work or socialize comfortably from the Sky Garden Lounge and still take in the winterscape outside!
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