Since its founding in 1987,

  Co-CEO’s Joel Carlins and James Loewenberg have led Magellan into recognition as one of Chicago’s most prolific developers.  With over 12,000 residential units developed, Magellan has made its mark on Chicago.   Magellan reintroduced residential living to the central business district, revitalized the River North and Gold Coast neighborhood and helped anchor the growth of the New East Side. 

The zenith of Magellan’s accomplishments to date is the magnificent award- winning Lakeshore East, a $4 billion lifestyle center perceived to be the largest parcel of downtown land under development in any major U.S. city.  Spanning 28-acres, this master-planned village within the heart of the city will include 4,950 new residences, 2.2 million square feet of gross commercial space, 1,500 hotel rooms, 770,000 square feet of retail space and a planned elementary school surrounding a magnificent six-acre botanical park.  The master-plan, designed by Skidmore, Owings & Merrill, captured a 2002 Honor Award for Regional and Urban Design from the American Institute of Architects.