Magellan Development Group Partners with St. Regis Hotels & Resorts and
Adds Award-Winning Alinea Group as Culinary Brand to Project
CHICAGO – November 25, 2020 – Magellan Development Group LLC today announces agreements with St. Regis Hotels & Resorts and The Alinea Group for its Vista Tower project, which will be rebranded as The St. Regis Chicago.
The St. Regis Chicago will offer an uncompromising level of bespoke and anticipatory service for all of its guests and condominium owners. Combining classic sophistication with a modern sensibility, the hotel is expected to feature 191 guest rooms and several dining options, including a fine dining restaurant with private rooms and outdoor terrace, all-day dining restaurant and lounge overlooking the Chicago River, Sky Bar with outdoor terrace, as well as an indoor pool with outdoor terrace, spa, fitness room, ballroom and meeting rooms.
“We’re pleased to collaborate with the iconic St. Regis brand. The St. Regis Chicago will be the city’s most desirable destination. The St. Regis, coupled with the Alinea Group, aligns with the established caliber of the Vista Tower brand, and our dedication to providing unparalleled luxury for our residents and hotel guests,” said J.R. Berger, Principal, Magellan Development Group LLC. “The partnership with these brands sends the message that Chicago is strong and resilient.”
“We truly thank and appreciate our buyers for their continuous support and faith in Magellan to deliver a world-class product,” said David Carlins, CEO, Magellan Development Group LLC. “We’re thankful to our financial partners Goldman Sachs and J.P. Morgan.”
“Our investment in The St. Regis Chicago is a vote of confidence in Chicago’s real estate and hotel market and a true testament to our longstanding relationship with the Magellan Development team,” said Peter Weidman, Managing Director in the Goldman Sachs Merchant Banking Division.” Capital is being provided by Goldman Sachs’s West Street Strategic Solutions I Fund L.P.
Residents and hotel guests will enjoy various unique culinary visions from Chicago’s famed Alinea Group.
“This is truly a ‘born-in-Chicago’ project, and we are excited to be a part of this amazing architectural wonder. We’ve been in discussions with Magellan for several years to determine how we can best partner on this project, and we look forward to bringing our vision to life,” said Nick Kokonas, co-owner and co-founder of The Alinea Group.
The Vista condominiums will become The Residences at The St. Regis Chicago and will consist of 393 condominiums offering residents the ultimate luxury living experience complete with a resident only amenity floor. Located on the 47th floor, this amenity space will feature a sky terrace with outdoor pool, a private resident lounge and dining room, a demonstration kitchen, a state-of-the-art fitness center, a conference center, a private viewing room, a golf lounge and a children’s activity room. Standing at 101-stories, The Residences at The St. Regis Chicago will offer residents breathtaking views of the river, Lake Michigan and the city.
“The St. Regis brand celebrates the best of luxury living and travel. The Residences at The St. Regis Chicago will provide its residents an extraordinary lifestyle, consistent with the experience guests have come to know and love in exquisite St. Regis hotels and resorts around the world. Guests and residents of The St. Regis Chicago will enjoy the highest level of personalized service through the signature St. Regis Butler Service combined with the modern glamour and high design for which the brand is known,” said George Fleck, Vice President, Global Brand Management and Marketing – St. Regis Hotels & Resorts at Marriott International. “Working with Magellan Development on the Vista Tower project, a significant iconic building in Chicago, allows us to offer Chicago’s Best Address and provide the ultra-luxury experience that is expected by our guests and residents.”
Designed by world-renowned architect Jeanne Gang of Studio Gang, the 101-story tower will become the third-tallest building in Chicago. The Residences at the St. Regis Chicago will welcome its first residents in November 2020 and The St. Regis Chicago is scheduled to be completed in Q3 2021.
For more information on The Residences at The St. Regis Chicago or to inquire about the property, contact Leila Zammatta, Senior Vice President of Sales, Magellan Development Group, at 312.620.8000. Learn more by visiting www.vistachicago.com. Residences are priced from $1 million to $18.5 million.