Residential Developers in Chicago | Magellan Development (original) (raw)

Discovering New and Innovative Ways to Live

We are among Chicago’s leading residential development companies boasting a diversified national portfolio that includes hotels, for-sale and rental residential, retail, and office (traditional, life science, and tech).

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Since 1996, we’ve successfully completed over 35 large-scale, residential, and mixed-use development projects in Austin, Boston, Chicago, Miami, Minneapolis, and Nashville. Our real estate developers and experts have mastered complex high-rise sites and conditions while remaining on-time and on-budget.

Magellan brings together multiple areas of development activity under one roof, drawing on a wide array of experience within its own principals and employees. Synergy between the company’s departments, along with joint venture partners and consultants, has proven to be effective for executing large-scale projects.

Magellan leverages its proprietary development process to identify sites, secure partners, design efficient projects, manage construction risk to deliver buildings on time and on budget, and turn over completed buildings to hotel operators.

Magellan’s construction team consists of professionals with decades of hands-on experience in the field. These backgrounds are invaluable as the company manages construction activities on behalf of ownership. It also helps to make decisions in a timely manner to maintain construction schedules.

Magellan actively manages its completed projects to maximize overall investment returns. This includes overseeing property operations, strategically refinancing debt, and preparing projects for successful disposition.

Magellan Property Management (MPM) brings a deep understanding of luxury living to every residential property it develops, manages, markets, and operates. MPM continually sets new standards for urban residential living and is recognized as a market leader in residential leasing and management.

All of our developments are designed with the environment in mind. We promote sustainability by minimizing the carbon footprint of our projects. We have been recognized as “Best in Class” innovators in green roofs, low-E tinted glass, parks and open space.

Lakeshore East, our award-winning 28-acre master-planned community, is pre-zoned for an aggregate of approximately 10 million SF of occupied space with a variety of pre-approved uses. The site incorporates residential, commercial, hotel, retail, educational and green space.

Chicago

The St. Regis Chicago

363 East Wacker Drive

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Austin

Sienna at The Thompson

Brazos St & E 5th St

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Somerville

USQ

31 Union Square

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Miami

Midtown Five

125 NE 32nd St

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Minneapolis

LPM Apartments

1369 Spruce Place

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Nashville

The SoBro

205 Demonbreun

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Our properties attract residents and partners that are dedicated to the high-quality, innovative product unique to the Magellan brand. In collaboration with our affiliated companies, we offer a range of additional services.

Magellan Realty LLC is Chicago’s leading condominium brokerage expert in the downtown market. Whether buying or selling a residence, they understand the importance of every real estate transaction.

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Magellan Property Management brings a deep understanding of luxury living to every rental property they manage, market, and operate. They continue to set new standards for the urban residential experience.

Magellan Investment Partners, LLC leverages the acquisition and investment expertise of our principles to acquire existing core plus and value add multi-family properties in key markets.

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bKL Architecture is a team of passionate designers and practitioners with expertise in a variety of markets and project types. They design sophisticated, inspiring spaces and structures that are timeless yet forward-thinking.

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Affiliates

Our properties attract residents and partners that are dedicated to the high-quality, innovative product unique to the Magellan brand. In collaboration with our affiliated companies, we offer a range of additional services.

Sales

Magellan Realty LLC is Chicago’s leading condominium brokerage expert in the downtown market. Whether buying or selling a residence, they understand the importance of every real estate transaction.

Learn More

Property Management & Leasing

Magellan Property Management brings a deep understanding of luxury living to every rental property they manage, market, and operate. They continue to set new standards for the urban residential experience.

Investment Services

Magellan Investment Partners, LLC leverages the acquisition and investment expertise of our principles to acquire existing core plus and value add multi-family properties in key markets.

Learn More

Architecture

bKL Architecture is a team of passionate designers and practitioners with expertise in a variety of markets and project types. They design sophisticated, inspiring spaces and structures that are timeless yet forward-thinking.

Learn More