The Caravel - Magellan Development Group

635 N. Dearborn Street , Chicago


The Caravel

Situated in the heart of Chicago’s River North neighborhood steps from Michigan Avenue, the Caravel features a boutique atmosphere with only six residences per floor. In home features include floor to ceiling windows with sweeping wrap-around terraces complemented by a host of common area amenities including a fitness center, and guest and hospitality suite.

Key Stats

  • Number of Stories: 28
  • Building Size: 281,200 sf/ 26,124 m2
  • Residential Condo Units: 126
  • Parking Spaces: 144
  • Retail Space: 9,100 sf/ 845 m2
  • Development Team: Magellan Development Group
  • Architecture: Loewenberg Architects
  • Total Development Costs: $51,200,000
  • Construction Start: 2001
  • Initial Occupancy: 2003