Co-Chief Executive Officer
As a developer, architect, property manager, marketer and licensed broker, James Loewenberg has diverse real estate industry experience. He has led the development and design of many of Chicago’s most successful residential and mixed-use developments with Loewenberg Architects, a Chicago-based architecture firm founded in 1919. During his career, Loewenberg has directed the development and design of more than 35,000 residential units and 3,500 single-family homes.
After graduating with a Bachelor of Architecture degree from the Massachusetts Institute of Technology in 1957, Loewenberg first established himself in the Chicago real estate industry by developing and designing a host of high-rise apartment buildings along Lake Shore Drive and master-planned suburban residential communities. Since the 1980s, he has designed and developed multi-use residential towers like Ontario Place (1980), One East Delaware Place (1989), One Superior Place (2001), The Park Millennium (2002), Grand Plaza (2003) and State Place (2005). Also The Lancaster at Lakeshore East (2005), The Shoreham at Lakeshore East (2005), the six- acre public Park at Lakeshore East (2005), The Tides at Lakeshore East (2008) and Aqua Apartments at Lakeshore East (2009).
Loewenberg, with his partner Joel Carlins, is creating an entire urban neighborhood with his current project — 28-acre Lakeshore East. As developer of the largest parcel of downtown land under development in any major U.S. city, Loewenberg has been instrumental in this mixed-use project since its conception – from financing, design, master planning and marketing to garnering community and civic support. Situated where the Chicago River meets Lake Michigan, the $4 billion development will include 4,950 residences, 2.2 million gross square feet of commercial space, 1,500 hotel rooms, a six acre public park and an elementary school. The first elements of the master plan have already reached its completion boasting record sales and leasing numbers.
National and international recognition has been awarded to Magellan’s developments. Recent awards include the prestigious 2009 International Emporis Skyscraper of the Year Award, 2008 Prix d’Excellence International Design Award from the International Real Estate Federation for the community’s master plan and American Architecture Awards in 2008 for the distinguished Aqua Apartments tower and The Park at Lakeshore East from The Chicago Athenaeum Museum of Architecture and Design. The master plan created by Skidmore, Owings & Merrill previously won a National Honor Award for excellence in urban design from the American Institute of Architects (AIA) and Lakeshore East was honored with the Chicago Association of Realtors Good Neighbor Award. Other marks of distinction include the Institute of Real Estate Management Leadership Award, National Apartment Association Paragon Awards, Chicagoland Apartment Association Property Excellence Awards and the Greater North Michigan Avenue Association Development of the Year Award.
Recognized in such diverse areas as industry leadership, training and development practices, Loewenberg has been actively involved in many professional organizations as well as charitable community service. These professional organizations include the Chicago Association of Realtors, Urban Land Institute – Multi-Family Housing Council, American Institute of Architects National Housing Committee, AIA Chicago Chapter – past Secretary and Treasurer, the Chicagoland Apartment Association and Mayor Richard M. Daley’s Committee on People with Disabilities.
Loewenberg was the recipient of the 2009 ULI Chicago Lifetime Achievement Award and was inducted into the Chicago Real Estate Hall of Fame in September 2009. In addition, we was one of 5 Award of Excellence recipients from the Illinois Real Estate Journal and has been named to Crain’s Chicago Business select list of “Chicago’s Power Players” since 2007, a Who’s Who of the real estate industry’s top performers. Loewenberg is a regular participant and speaker in conferences such as the Urban Land Institute (ULI) and the Chicagoland Apartment Association (CAA).
Charitable activities include:
- Leading the development, architectural design and planning of the new, permanent home on the Near South Side for Chicago Youth Programs, a nonprofit dedicated to improving the lives of at-risk inner-city youth through tutoring, recreational, mentoring and after-school programs. Loewenberg donated land acquisition, design, development and financing services for CYP’s new Richard T. Zaleski Center for Children and Youth, recently opened adjacent to Chicago’s Washington Park.
- Introducing Chicago public school students to the real estate business as a part of the Ogden Elementary School Mentor Program. Each year these students are mentored by NNP Residential & Development executives, gaining exposure to the real estate design and development processes through first-hand experience.
- Chicago Symphony Orchestral Association – Trustee and Governing Member
- The Standard Club of Chicago – Past President
- The JCB, one of Illinois’ largest foster care agencies – Past President
- The Chicago Architecture Foundation – Burnham Society
- The 2016 Olympic Committee – Corporate Sponsor
- The Economic Club of Chicago
- Art Institute of Chicago – Sustaining Fellow
- Jewish United Fund – Past Chairman of the Building Trades Commission
- Museum of Science and Industry – Columbian Society
- Massachusetts Institute of Technology visiting Committee for the Department of Architecture