Magellan Development Group

Chicago, United States

1

Closed now

5 reviews

Contacts

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Telephone:
+1 312-642-8869
Website:
www.magellandevelopment.com
Address:
225 N Columbus Dr Ste 100, Chicago, IL, 60601
b/t Lower South Water & Water St
The Loop
Nearby public transportation stops & stations:
820 ftRandolph & Stetson
0.2 miMillennium Station
0.2 miMichigan & South Water NB
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Today

Today 8:30 am – 5:00 pm
Closed now
Local time (Chicago) 21:57 Monday, 23 June 2025

Business hours

Monday 8:30 am – 5:00 pm
Tuesday 8:30 am – 5:00 pm
Wednesday 8:30 am – 5:00 pm
Thursday 8:30 am – 5:00 pm
Friday 8:30 am – 5:00 pm
Saturday –
Sunday –

Description

Specialties

Magellan Development Group one of Chicago’s largest real estate developers specializing in urban residential and mixed-​use high-​rises in downtown Chicago’s best locations. Our crown jewel is Chicago’s Lakeshore East, a 28-​acre master planned community situated in the East Loop where the river meets the lake next to Millennium Park. Lakeshore East features a 6-​acre park at its centerpiece along with completed luxury condominiums for sale and apartments for rent including The Lancaster, The Shoreham, The Regatta, The Chandler, The Tides, 340 on the Park, Aqua, and The Benton Place Parkhomes. Lakeshore East’s newest openings include the Radisson Blu Hotel Aqua and the Village Market Center featuring Mariano’s Fresh Market, and III Forks Prime Steakhouse. Currently under construction is Coast at Lakeshore East, a luxury apartment tower with a planned opening of February 2013. Condominiums currently for sale include Aqua Tower, Aqua Parkhomes and Benton Place Parkhomes.

History

Established in 1996.

Magellan Development Group, LLC is a recently formed corporate partnership stemming from a long term collaboration between the Magellan Development Group and NNP Residential & Development, two of Chicago’s more prominent real estate organizations.

Magellan is credited with revitalizing urban residential living in Chicago in both the River North and New East side neighborhoods.

Meet the Business Owner

Magellan D.

Business Owner

The co-​chief executive officers of Magellan Development are Joel Carlins and James Loewenberg, the president is David Carlins.

Magellan Development Group also recommends

Park Grill

476

reviews

American (New)

Magellan D. says,

«Another great restaurant near our community.»

The Gage

1938

reviews

Irish

,

Gastropubs

,

American (New)

Magellan D. says,

«A fantastic gastropub near our Lakeshore East community.»

Morton’s The Steakhouse

264

reviews

American (Traditional)

Magellan D. says,

«A Chicago institution and a great place to grab a fantastic steak within walking distance of Lakeshore East.»

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5 reviews of Magellan Development Group

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Place rating: 1
Chicago, IL
I wish I had read the reviews before moving in The Tides…
What we pay vs what we receive is a travesty
The amenities are not usable, I.e., a small outdoor pool with inadequate sitting options. A pool with chairs saved from 8:00 forward… and people in it with toddlers in diapers!!! Are you kidding???
If that isn’t bad enough, hipsters drinking until well past midnight.
Other issues, renting to short term people, some as a hotel!
I have been questioned, practically accosted by these «guests» on numerous occasions, the latest being «you live here?» I thought this was corporate housing or a hotel! Silly me I actually pay $ 4.0 a month for the privilege of being abused
Can’t wait to get out of here… Avoid at all costs!!!
Place rating: 1
Chicago, IL
I’m afraid that due to concerns with legal action from the likes of Magellan, a detailed review can’t be posted here. I would strongly advise anyone to look at the Ripoffreport website for complaints about Magellan’s sales tactics. Further, take a look at the ‘not recommended’ reviews, which although questionable for each one, shows a disturbing pattern. While people who moved into our Lakeside East building a few years post-​construction were very happy, those of us purchasing pre-​construction were misled about the common areas, amenities, additional tax burdens, and the condominium declarations, not to mention the ‘owner occupied to investor’ ratio of the building. Had I not obtained a lawyer early on to help with settling closing and punch list items, there would have been further problems in the unit itself. I would urge anyone contemplating preconstruction purchase with Magellan to get assertive and thorough legal counsel to ensure you will get what you pay for and, if you don’t, that you can get out without financial loss. Magellan’s contracts are extremely one-​sided in their favor; if in doubt, don’t buy it. Wait until post-​construction.
Place rating: 1
Honolulu, HI
After living in the Tides for half a year, we’ve decided to break our lease early… paying the fee to leave Magellan early is about the only thing worth the money. Their buildings are unfortunately right on par with a lot of slapstick new construction; excessively cheap and blatant corners cut. Maintenance crews are unlicensed and couldn’t fix a leaky focet if their lives depended on it. And, sales/​leasing staff are 100% clueless (you will end up doing their job for them) and truly not helpful. Avoid at all costs; this developer and their respective properties are a 3 dressed up as a 9…
Place rating: 1
Chicago, IL
I’m actually pretty disgusted with Magellan Development Group. We REALLY wanted to live at The Tides at Lakeshore East and went back and forth emailing with Gabrielle there. I even asked for the Breed Restriction list of dogs ahead of time. Once she sent that to me and I saw my dog was not on it, we started talking about options. Then she asked me what kind of dog I had. When I told her an English Mastiff she told me that those breeds were not accepted. However, they were not on the list, and if any breed with a «Mastiff» lineage was not accepted-​that should be stated.
I also find it odd they call themselves «Dog Friendly» with no weight/​height restrictions when almost ALL of their buildings have a weight/​height restriction and the ones that do not have every large yet docile dog (St. Bernards, Great Danes, etc.) on their Breed Restriction list. I am not a fan of doggie discrimination and it should certainly not matter how big your dog is, it should matter how they act. Our Mastiff is a trained therapy dog and is the very well behaved, probably better than most 10 pound dogs.
Place rating: 1
New York, NY
Magellan Development can’t built a solid apartment. Every day, something in my apartment is falling of!!! As a new resident Magellan should offer a hard hat! If its not a door its the bathroom water running. Not only that… who creates an outdoor pool in Chicago, with how much they charge for rent they could have created an enclose pool so we could use it year round.