Christy, Author at Magellan Development Group

Magellan Development Profile

Founded in 1996, Magellan Development Group has grown from a Chicago-focused, family-owned developer to a national real estate development, investment, and management platform. The company specializes in mixed-use hotel, residential, and office developments in first- and second-tier cities across the United States, having completed 35 large-scale projects worth over $8 billion. Recently completed projects include… Continue Reading Magellan Development Profile

450-Unit Prospect Union Square Welcomes its First Residents

By: Boston Real Estate Times Somerville, MA – US2, a joint venture between Magellan Development, RAS Development LLC, Cypress Equity Investments, and Affinius Capital, announced that the first residents at Prospect Union Square have moved into the new, 450-unit apartment community comprised of a mid-rise building and 25-story tower located within the USQ development. At the time of the initial… Continue Reading 450-Unit Prospect Union Square Welcomes its First Residents

With Somerville’s Green Line Extension Comes New Union Square Apartment Building

Boston Magazine JUNE 15, 2023 BY: ERIN KAYATA PROSPECT UNION SQUARE IS ONE OF THE FIRST NEW DEVELOPMENTS TO OPEN IN THE NEIGHBORHOOD SINCE THE NEW TRAIN LINE ARRIVED. When the first train on the Green Line extension rolled up to Union Square last year, it opened both its doors to passengers—and a new world of… Continue Reading With Somerville’s Green Line Extension Comes New Union Square Apartment Building

ST. REGIS HOTELS & RESORTS DEBUTS THE ST. REGIS CHICAGO, AN ARCHITECTURAL MARVEL FOREVER CHANGING THE WINDY CITY’S SKYLINE

The St. Regis Chicago Brings the Iconic Brand’s Glamorous Spirit and Celebrated Rituals to the Midwest CHICAGO – May 18, 2023 – St. Regis Hotels & Resorts, part of Marriott Bonvoy’s portfolio of 30 extraordinary brands, today announced the highly anticipated opening of The St. Regis Chicago. Developed by Magellan Development Group and designed by… Continue Reading ST. REGIS HOTELS & RESORTS DEBUTS THE ST. REGIS CHICAGO, AN ARCHITECTURAL MARVEL FOREVER CHANGING THE WINDY CITY’S SKYLINE

PRELEASING BEGINS AT PROSPECT UNION SQUARE, OFFERING A MODERN, ELEVATED LIFESTYLE IN THE HEART OF HISTORIC NEIGHBORHOOD

Union Square’s dynamic culture and new Green Line station just steps away from upscale apartment homes Somerville, MA – May 12, 2023 – US2, a joint venture between Magellan Development, RAS Development LLC, Cypress Equity Investments, and Affinius Capital, announced today that apartments will begin preleasing at Prospect Union Square, a new, 450-unit residential community… Continue Reading PRELEASING BEGINS AT PROSPECT UNION SQUARE, OFFERING A MODERN, ELEVATED LIFESTYLE IN THE HEART OF HISTORIC NEIGHBORHOOD

Lettuce Entertain You reveals plans for two restaurants at St. Regis Chicago

By Louisa Chu | Chicago Tribune The biggest restaurant group in Chicago just revealed the chefs and concepts it will open next year in one of the newest skyscrapers in the city. Lettuce Entertain You Enterprises will open a Japanese restaurant and a Tuscan steakhouse at the St. Regis Chicago in the Lakeshore East neighborhood. The… Continue Reading Lettuce Entertain You reveals plans for two restaurants at St. Regis Chicago

Cascade in Chicago achieves early stabilization

503-unit rental tower in Lakeshore East neighborhood is 99% leased just one year after opening (CHICAGO, Sept. 21, 2022) — Lendlease, a leading global real estate and investment group, along with co-developer Magellan Development Group, announced that Cascade, a 37-story, 503-unit luxury apartment tower in Chicago’s Lakeshore East neighborhood, reached 99% leased just 12 months after… Continue Reading Cascade in Chicago achieves early stabilization

• WSJ NEWS EXCLUSIVE Downtown Chicago Condo Sells for $20.56 Million, Becoming the City’s Priciest Sale of 2022

By Libertina Brandt The 5-bedroom unit at the Residences at the St. Regis Chicago has its own private outdoor pool A condo unit in Downtown Chicago with a private outdoor pool has sold for $20.56 million, the developer said. The 5-bedroom unit is located at the Magellan Development Group’s Residences at the St. Regis Chicago, according to Sean… Continue Reading • WSJ NEWS EXCLUSIVE Downtown Chicago Condo Sells for $20.56 Million, Becoming the City’s Priciest Sale of 2022

Sienna at the Thompson Austin Names Musician Cameron Rafferty Its “Sienna Star”

Sienna at the Thompson Austin Supports Local Singer/Songwriter’s Career with Free Rent for a Year in the Heart of the Live Music Capital of the World AUSTIN, Texas—June 23, 2022. Sienna at the Thompson Austin, a luxe high-rise apartment community located within Thompson Austin, a Hyatt hotel, and tommie Austin, a JdV by Hyatt hotel,… Continue Reading Sienna at the Thompson Austin Names Musician Cameron Rafferty Its “Sienna Star”

MAGELLAN DEVELOPMENT GROUP & STERLING BAY LAUNCHES PRE-LEASING FOR MILLIE ON MICHIGAN AVENUE

Leasing Opportunities Now Available at Chicago’s Newest Luxury Residential Tower Magellan Development Group, in partnership with Sterling Bay, Chicago’s premier real estate investment and development firm, has announced that Millie on Michigan, a luxe residential tower located at 300 N Michigan Avenue, is now pre-leasing for July move-ins. Rising 47-stories above Chicago’s Millennium Mile, Millie… Continue Reading MAGELLAN DEVELOPMENT GROUP & STERLING BAY LAUNCHES PRE-LEASING FOR MILLIE ON MICHIGAN AVENUE