Category: News

Magellan Development Group is thrilled to announce that Prospect Union Square in Somerville, MA, has been recognized this week as a success story and a model for future transit-oriented developments. Mass.Gov Governor Healey, AG Campbell Celebrate MBTA Communities Momentum to Lower Housing Costs Overwhelming number of communities have adopted pro-MBTA Communities zoning; 33 approved communities… Continue Reading Governor Healey, AG Campbell Celebrate MBTA Communities Momentum to Lower Housing Costs

The Chicago penthouse offers spectacular views of the city and Lake Michigan, even the Indiana shoreline on a clear day By Bill Cary Originally Published On August 19, 2024 | Mansion Global   Listing of the Day Location: Chicago Price: $18.5 million Billed as the highest residence in the Midwest, this duplex penthouse in downtown Chicago stands atop the… Continue Reading A Look Inside the Tallest Residence in the Midwest

Boston Life Science Project Comes Online Commercial Property Executive By Radu Corfus The building is part of a $2 billion master-planned development. US2, a partnership between Magellan Development Group, RAS Development, Cypress Equity Investments and Affinius Capital, has completed 10 Prospect St., a 205,000-square-foot life science building in Somerville, Mass. Gilbane Building Co. served as general contractor. US2 broke ground on the… Continue Reading Boston Life Science Project Comes Online

Development of the Year, City: St. Regis Chicago, Magellan Development Group LLC Timeless elegance meets modern convenience in this 101-story skyscraper designed by award-winning architect Jeanne Gang of Studio Gang. The design masterpiece offers one- to four-bedroom floor plans and penthouses, plus exquisite interiors, exceptional finishes and panoramic views of Chicago and Lake Michigan. The Residences… Continue Reading Chicago Agent Magazine Development of the Year

St. Regis Chicago wins Chicago’s People’s Choice Award for tall buildings ABC7 News By: Tony Smith CHICAGO (WLS) — The results are in for some of the nation’s prestigious Architecture Awards. The American Institute of Architects Chicago revealed the list featuring the towering St. Regis Chicago, the Steppenwolf Theatre Campus Expansion and The Navy Pier Flyover.… Continue Reading St. Regis Chicago wins Chicago’s People’s Choice Award for tall buildings

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

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

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