Downtown , Chicago
Lakeshore East, Master Plan
Lakeshore East
Magellan Development’s Lakeshore East is Chicago’s most successful residential community, an architectural and botanical triumph and a cultural achievement. The 28-acre, $4 billion mixed-use neighborhood rising near the confluence of Lake Michigan and the Chicago River is adjacent to Chicago’s famed Millennium Park, Magnificent Mile, and Central Business District. The largest downtown development in any major U.S. city, Lakeshore East blends all the elements of a traditional city neighborhood.
Key Stats
- Property Size: 1,219,680 sf/ 113,312 m2
- Approved Uses:
- 40% open space including a 6-acre botanical park
- 4,950 residences
- 2.2 million gross square feet of commercial space
- 1,500 hotel rooms
- Up to 770,000 square feet of retail, including a 100,000 square foot Village Market Center
- Planned Elementary School
- Architecture:
- Skidmore, Owings & Merrill (Master Plan)
- Loewenberg Architects (The Lancaster, The Shoreham, The Tides)
- DeStefano + Partners (The Regatta, The Chandler)
- Solomon Cordwell Buenz & Associates (340 on the Park)
- The Steinberg Group (The Parkhomes at Lakeshore East)
- The Office of James Burnett (The Park at Lakeshore East)
- Site Design Group (The Park at Lakeshore East)
- Studio Gang Architects (Aqua Apartments / Vista Tower)
- bKL Architecture (Coas / GEMS World Academy / Vista Tower)
- Total Development Costs: $4,000,000,000
- Construction Start: 2002
