Tag Archives: unveils

Magellan Unveils Plans for 4 New High-Rises in Chicago'' s Lakeshore East

Chicago-Based Designer, Teaming with Lendlease, Hanwha, Plans to Build Skyscrapers Ranging from 40 to 80 Stories Near Chicago River and Lake Michigan Waterfront

Parcel O will include more than 1,200 residential units and hotel rooms at 195 N. Columbus Drive.
Parcel O will include more than 1,200 residential units and hotel rooms at 195 N. Columbus Drive. Chicago-based Magellan Development Group, home builder of Vista Tower, anticipated to be Chicago’s third-tallest high-rise building when it opens in 2020, has revealed prepare for 4 brand-new high-rises anchored by an 80-story hotel and condominium building rising over the downtown waterfront in Magellan’s Lakeshore East advancement.

Magellan, working with development partners Lendlease and Hanwha Engineering & & Building and construction of South Korea, revealed plans and renderings for the job at a public meeting hosted by 42nd Ward Chicago Alderman Brendan Reilly and the New Eastside Association of Local community group at the Hyatt Regency on Monday.

The 4 buildings developed by bKL Architecture will largely fill the last remaining parcels in Lakeshore East, a 28-acre district zoned for nearly 5,000 housing systems, 1,500 hotel rooms and up to 700,000 square feet of retail.

Rendering by bKl Architecture of towers J and I.

Three towers, of 80, 50 and 40 stories would be built by Magellan and Lendlease on land in between Harbor and Lake Shore drives. Magellan and Hanwha are also proposing Building O, a 60-story tower at Columbia Drive near Aqua Tower with 640 houses and 569 hotel spaces.

Downtown Chicago is experiencing it most noticable structure boom because the 1980s. Of the 43 high-rise tasks under advancement in Chicago, 10 are valued at $1 billion or more.

Magellan, which has actually completed eight skyscrapers in the $4 billion Lakeshore East over the last years, began with Chinese partner Wanda Group in 2015 on the 94-story Vista Tower condominium and hotel task slated for conclusion in 2020.

Magellan prepares to submit a lakefront development application to the Chicago Preparation Commission for the 4 more current planned buildings. If authorized by the commission and the Chicago City board, the brand-new phase of work in Lakeshore East could start operate in 2018.

Quartet of Developers Unveils $500M Two-Tower Downtown LA Project

Project Joins A number of Others Clustering In South Park District Near Staples Center, LA Live

Designers and city officials this week unveiled another megaproject that will reshape the skyline of downtown Los Angeles over the next few years.

Circa, a 1.6 million-square-foot mixed-use property and retail job on 2.7 acres at 12th Street between Figueroa and Flower streets in downtown’s South Park neighborhood near Staples Center and LA Live district is tentatively targeted for shipment in September 2017.

A group of Hankey Financial investment Company, Jamison Solutions Inc., Falcon California Investments and Highlands Capital Inc. will develop and possess the job, formerly called 1200 Figueroa.

The development is comprised of 648 one and two-bedroom luxury apartment systems and penthouses varying from 700 to 3,800 square feet in twin 35-story towers. The project will certainly include 48,000 square feet of retail, 1,770 parking spaces and 15,000 square feet of electronic digital signs.

Los Angeles Mayor Eric Garcetti said Circa will develop 1,000 renovation associated jobs over the next 30 months. LendLease will be the basic professional and Wilshire Construction, LP will certainly manage building designed by Harley Ellis Devereaux, with interior design by HansonLA.

The task joins the even bigger Fig Center, a three-towner $1 billion job established by Beijing’s Oceanside Property Group which began last spring. Shanghai-based designer Greenland Holdings in 2013 began on the $1 billion Metropolis mega-project on 6.3 acres north of L.A. Live.