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 the St. Regis Hotel and Residences in Chicago, IL, a dual-branded Thompson & Tommie hotel with a multifamily component in Austin, TX, and the W Hotel in Nashville, TN.

Magellan is a full-service development company with in-house design, legal, and construction management professionals that ensure the delivery of best-in-class projects while effectively managing development risks. Through its decades-long history, Magellan has established a reputation for creativity, integrity, and capability. On every project, Magellan combines innovative architecture with efficient design, high-quality construction, and best-in-class amenities. Magellan also follows industry best-practices for sustainable design, promotes civic responsibility by focusing on municipal and community objectives, and is committed to developing projects that enhance, and in some cases, create neighborhoods.

Under the current leadership of CEO David Carlins and Managing Principal J.R. Berger, Magellan is focused on providing institutional investors with ground-up mixed-use hotel and residential development opportunities in high-barrier markets across the United States. The company’s current project pipeline includes nearly 2,900 hotel rooms, 1,500 hotel-branded condo residences, 1,500 apartments, and over 1.5 million square feet of life-science office space.