Category: News

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

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

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”

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

Lendlease, along with Magellan Development Group, announced first move-ins at Cirrus, the 47-story, 350-unit luxury condominium tower at 211 N. Harbor Drive, within the Lakeshore East neighborhood at the confluence of Lake Michigan and the Chicago River. Developed in conjunction with a new publicly accessible green space, Cascade Park, and the adjacent 37-story Cascade apartment tower, Cirrus offers buyers… Continue Reading Lendlease and Magellan Development Group welcome first move-ins at Cirrus Condominiums in Chicago’s Lakeshore East neighborhood

Magellan Development Group is a proud sponsor of Chicago Chefs Cook for Ukraine.  CHICAGO CHEFS COOK FOR UKRAINE PRESENTED BY LIFEWAY FOODS Chicago chefs rally a grassroots effort to raise funds for humanitarian relief at a special fundraiser on March 16, 2022 Chicago chefs have a long history of uniting for good.  On Wednesday, March… Continue Reading Chicago Chefs Cook For Ukraine