Artificial Intelligence
Builders Company
Developers/Magellan Development Group
MD
Magellan Development GroupChicago, United States · founded 1996 · 1 active markets
PRIVATE

Magellan develops mixed-use high-rise communities, hotels, for-sale and rental residences, retail, traditional and life-science offices, and master-planned districts. Its projects target residents, hotel guests, institutional investors, and urban communities in major United States markets, using integrated development and management capabilities.

Years in business
30
founded 1996
LinkedIn headcount
92
employees, as shown on LinkedIn · size band 51–200
Portfolio value
USD 8 billion; completed project value
2024-04-30
Total projects
35
across the company’s whole history
Projects last researched October 11, 2026
Every figure on this card was read out of a document.

Overview

Investor tear sheet

a summary of the tabs that follow · no rating of our own

Company dossier

Legal name
Magellan Development Group LLC1
Headquarters
225 N. Columbus Drive Suite 1001, Chicago1, United States
Founded
19961
Entity type
PRIVATE1
Business model
offplan for sale1, commercial1, mixed use1, masterplan1
Markets
1 market listed
What they build
Mixed use (7 of 10) · Residential, for rent (6 of 10) · Retail (5 of 10)
Full dossier in About →

Delivery record

7 date-assessed of 10 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
10
within the rolling ten-year window
Median delay
+8.5 mo
the middle of 7 scored projects
Average delay
+10.4 mo
the same projects, pulled by the worst
Average time to deliver
4.3 yrs
start to completion, over 6 delivered projects
Worst slip
+23.0 mo
The St. Regis Chicago · +21.0 to +25.0
2
early or less than 6 months late
6 to 12 months late
3
yellow rows below
Over 12 months late
2
red rows below

Against other developers

7 date-assessed here · 256 developers, 955 date-assessed projects in United States
Median delay
Magellan Development Group·256 developers in United States
+8.5 mo vs +4.5 mo
this developer 4.0 mo worse
The typical project on each side.
Average delay
Magellan Development Group·256 developers in United States
+10.4 mo vs +7.4 mo
this developer 3.0 mo worse
Both pulled by their worst few.
On time
Magellan Development Group·256 developers in United States
29% vs 56%
this developer 27 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Magellan Development Group·256 developers in United States
4.3 yrs vs 2.9 yrs
this developer 1.4 yrs slower
Start to completion, over 6 delivered here and 788 in the market.
Projects and timelines in Track Record →

Resident experience

10 of 10 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.7/ 10
Weighted judgment across build and operations · from 10 of 10 rated buildings
Structure & systems
7.2/ 10
Fabric, services, waterproofing, envelope · from 6 of 10 rated buildings
Management & living
7.5/ 10
Upkeep, response times, amenities, community · from 9 of 10 rated buildings

Against other developers

10 rated here · 276 developers, 1407 rated buildings in United States
Overall rating
Magellan Development Group · 276 other developers in United States
7.7 vs 7.8
this developer 0.1 worse
The weighted verdict on each side. From 10 of 10 rated buildings here and 1407 in the market.
Structure & systems
Magellan Development Group · 276 other developers in United States
7.2 vs 6.9
this developer 0.3 better
Fabric and engineering only — fixed at handover. From 6 of 10 rated buildings here and 595 in the market.
Management & living
Magellan Development Group · 276 other developers in United States
7.5 vs 7.4
this developer 0.1 better
Upkeep and response — belongs to whoever runs the building now. From 9 of 10 rated buildings here and 1353 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.
Ratings by building →

Awards & recognition

All awards →

Risks & source coverage

  • FINANCIAL DISTRESS 2024-11-21 (reported) In November 2024, an affiliate of GD Holdings bought 84 unsold St. Regis condominium units from Magellan for $117 million; the report said the transaction helped relieve pressure after Magellan had taken a $149 million mortgage secured by 147 unsold units, with the loan’s maturity unclear.
  • LEGAL 2024-03-29 (appellate decision; underlying alleged breach in 2020) In a case involving Magellan Parcel C/D LLC, Barrows alleged that Magellan failed to pay a success fee under an advisory agreement connected with acquiring Wanda’s interest in the St. Regis project; the Illinois Appellate Court affirmed dismissal with prejudice because the complaint did not adequately allege Barrows’ performance, so the reported claim was not upheld on the merits.
  • DELIVERY DELAY 2022-05-24 (reported; future opening commitment at that time) The planned opening of Magellan’s 191-room St. Regis Chicago hotel was reported as delayed again because of supply-chain issues and the collapse of an Alinea Group deal; the February opening was described as more than a year later than originally planned, and Magellan said redesign work was required.
  • 4 more in Risk & Sources
Record status
active
Company sources
147 source entries across 147 fields
Projects tracked
10 · 10 completed in assessment
All flags and sources →

Track Record

Delivery record

7 date-assessed of 10 projects
Unverified by developer

AI-researched delivery record, not yet confirmed by the developer. Dates may be approximate; original sources are linked.

Completed projects from 2016-10-15 through 2026-10-15, with sufficient delivery-date evidence. Date assessment and developer profile verification do not mean an independent audit of every source. Original source links and available snippets are provided. May not represent the developer’s full portfolio. 0 undated and 0 boundary-uncertain completions are excluded. Delivery exceptions are listed separately under Projects.
Completed projects assessed
10
within the rolling ten-year window
Median delay
+8.5 mo
the middle of 7 scored projects
Average delay
+10.4 mo
the same projects, pulled by the worst
Average time to deliver
4.3 yrs
start to completion, over 6 delivered projects
Worst slip
+23.0 mo
The St. Regis Chicago · +21.0 to +25.0
2
early or less than 6 months late
6 to 12 months late
3
yellow rows below
Over 12 months late
2
red rows below

Against other developers

7 date-assessed here · 256 developers, 955 date-assessed projects in United States
Median delay
Magellan Development Group·256 developers in United States
+8.5 mo vs +4.5 mo
this developer 4.0 mo worse
The typical project on each side.
Average delay
Magellan Development Group·256 developers in United States
+10.4 mo vs +7.4 mo
this developer 3.0 mo worse
Both pulled by their worst few.
On time
Magellan Development Group·256 developers in United States
29% vs 56%
this developer 27 pts worse
Share of date-assessed projects delivered early or less than 6 months after the original target. Exactly 6 months late is excluded.
Average time to deliver
Magellan Development Group·256 developers in United States
4.3 yrs vs 2.9 yrs
this developer 1.4 yrs slower
Start to completion, over 6 delivered here and 788 in the market.
The market here is United States: every other developer whose head office is in the same country, because planning regimes and reporting norms move together within one. It is not a city, a sector or a size band. Read the two delay figures together. A median close to the market with a much better average means no single disaster; the reverse means one project is carrying the record. Time to deliver runs from the earliest start we hold to the completion itself — a construction start where a source gave one, otherwise a sales launch, otherwise the launch year read as its January. A handover the sources place only inside a year is read as that December, so a duration is the widest the record allows rather than the flattering end of it. Only delivered projects dated at both ends count, so it is taken over fewer projects than the delay figures, and a long build is not a fault: a tower is not a villa run. Sourced figures only, both sides, and values taken from documents held on file are excluded here — a developer who shares their records should not score better than one who does not.

Construction start to handover

10 of 10 projects dated · 5 places
Based on covered projects with documented construction or launch dates and available handover dates. Timelines vary by project and may not represent the developer’s full portfolio.
Construction start, or the launchTarget completion (window)Completion or handover, as reportedCurrently statedLaunch year only, no date publishedEarly or ≤6 mo lateOver 6–12 mo lateOver 12 mo lateStalled
Somerville, United States
Chicago, United States
Austin, United States
Nashville, United States
Miami, United States
2015201620172018201920202021202220232024202520262027todaySOMERVILLE, UNITED STATES+8 moestimated−0.5 moverifiedCHICAGO, UNITED STATES+23 moverified+11.5 moverified+8.5 moverifiedcompleted, no target published+11.5 moestimatedAUSTIN, UNITED STATES+19.5 moverifiedNASHVILLE, UNITED STATES+8.5 moverifiedMIAMI, UNITED STATES+2.5 moverified
Click a row in the chart to open a project, or a table row below to see its sources. The chart runs wider than the page where the record spans many years — scroll it sideways to follow a project to its handover. Every date we have is drawn. A hollow marker is only a launch year, not a date anyone published. No dates published means we looked and found none; dates not yet checked means we have not looked yet. Handing over is not finished — rows say which. A delay is shown when one source gives the promised date and another gives the real one, however rough: "2019" still counts, and the row shows how wide that is. Projects missing one of the two dates, or with sources that disagree, are left out of the figures. 2 turned out to be about something else — a phase, a neighbour, the wider masterplan — and are marked off-subject.

Building & Livability Ratings

Resident experience

10 of 10 buildings rated · scale 1–10

AI research over published reviews and resident comments. Scores are a model’s reading of opinion, not figures stated on a page, and nothing here feeds any number above it. The links under each block are the pages that research says it used. Based on available resident reviews of covered buildings. These are reported experiences, not independent building inspections, and may not represent all residents or properties.

Overall verdict
7.7/ 10
Weighted judgment across build and operations · from 10 of 10 rated buildings
Structure & systems
7.2/ 10
Fabric, services, waterproofing, envelope · from 6 of 10 rated buildings
Management & living
7.5/ 10
Upkeep, response times, amenities, community · from 9 of 10 rated buildings

Against other developers

10 rated here · 276 developers, 1407 rated buildings in United States
Overall rating
Magellan Development Group · 276 other developers in United States
7.7 vs 7.8
this developer 0.1 worse
The weighted verdict on each side. From 10 of 10 rated buildings here and 1407 in the market.
Structure & systems
Magellan Development Group · 276 other developers in United States
7.2 vs 6.9
this developer 0.3 better
Fabric and engineering only — fixed at handover. From 6 of 10 rated buildings here and 595 in the market.
Management & living
Magellan Development Group · 276 other developers in United States
7.5 vs 7.4
this developer 0.1 better
Upkeep and response — belongs to whoever runs the building now. From 9 of 10 rated buildings here and 1353 in the market.
The market here is United States: every other developer whose head office is in the same country, because the review platforms residents use, and the service norms they judge against, move together within one. It is not a city, a sector or a price band. Read structure and living together. A developer above the market on structure and below it on living builds well and runs buildings badly, which is a fixable problem and a different one from building badly. Higher ratings are better; differences use the displayed scores rounded to one decimal. Rated buildings only, on both sides, and a structure or living score with no stated basis — no review count and no notes or links — is left out of both.

By building

10 rated · 0 not rated · scale 1–10
ProjectOverallStructure & systemsManagement & living
Gio MidtownMidtown Miami, Miami447 units
8.9/ 10
6.1/ 10
ApartmentRatings 4/5, 3/5 · 3 reviews · apartmentratings.com
Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.1.
6.5/ 10
ApartmentRatings 5/5, 4.3/5, 3/5, 3/5 · 3 reviews · apartmentratings.com
Combined from 4 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.5.

Apartments.com supplies the largest building-specific review base, 4.8/5 from 237 renter reviews, which converts to 9.4 on the requested curve and sets the level. The score is moderated for repeated elevator failures, parking congestion and construction noise, while strong recurring praise for staff, maintenance, cleanliness and amenities limits the reduction. The ApartmentRatings aggregate is directionally consistent and does not constitute a material disagreement.

+ Fast maintenance response+ Well-maintained common spaces+ Clean building+ High-quality amenities+ Modern, well-kept property
− Recurring elevator outages− Long elevator waits− Nonworking gym bikes− Sauna upkeep concerns− Some EV chargers reported nonfunctional
+ Professional responsive management+ Friendly concierge and front desk+ Strong resident service+ Well-maintained amenities+ Walkable Midtown location
− Parking congestion− Nearby construction noise− Amenity-hour limitations− EV-charger cost/availability complaint− One serious security allegation

Residents generally describe the building as clean, modern and well maintained; one long-term resident said maintenance was “super efficient, fast, and completely reliable.” The material physical-system weakness is the elevator service: reviews report that all three elevators were down at one point, and another says an elevator was “often out of service for a week waiting for parts.”

Daily-life reviews are strongly positive about staff, community and location: residents call the staff “friendly and helpful,” describe management as “attentive, responsive and solution oriented,” and praise clean common areas and events. The main recurring frustrations are elevator disruption, Trader Joe’s parking congestion and construction noise; one resident also alleged serious security incidents, but that report is isolated in the material reviewed.

CirrusLakeshore East, Chicago363 units
8.8/ 10
—/ 10
8.8/ 10

The Google Reviews/Maps aggregate of 4.5/5 from 31 reviews sets the level and converts to 8.5/10. Multiple reviews praise amenities, staff, views/common areas and security, producing a modest upward commentary adjustment; the one detailed negative review is important context but does not qualify as a recurring theme.

+ Extensive amenities+ Attentive staff+ Helpful front desk+ Sense of security+ Tranquil lounges and work areas
− Unkempt and noisy hallways− Slow management response− Resident-rule enforcement concerns− Door-service complaint

no notes returned

no links returned

Published reviews emphasize a strong daily lifestyle: one reviewer called the amenities “excellent, spotless, and well maintained,” praised fast engineers and an attentive door team, while others highlighted the pools, gyms, dog parks, security and tranquil lounges. The main contrary review said the hallways were “tacky, noisy and unkempt,” that management sent constant reminders because it had little control over residents, and that responses were slow; this is a single review rather than a recurring theme.

W NashvilleThe Gulch, Nashville346 units
8.6/ 10
8.8/ 10
Tripadvisor 4.9/5 · 462 reviews · tripadvisor.com
Tripadvisor publishes 4.9/5 from 462 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 8.8.
8.5/ 10
Tripadvisor 4.8/5 · 462 reviews · tripadvisor.com
Tripadvisor publishes 4.8/5 from 462 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 8.5.

Google’s 4.6/5 rating from 898 reviews is the largest published review base and sets an 8.8 converted level under the supplied curve. Tripadvisor’s 4.7/5 from 462 reviews is directionally consistent; the score is reduced modestly for reported soundproofing, fee/value and management-follow-up complaints, while strong service, location and amenity praise offsets part of that movement. The evidence is guest-based rather than resident-based, so it supports a hotel-living proxy, not a direct long-term residential assessment.

+ Clean rooms+ Modern rooms+ Comfortable rooms+ Good beds and bathrooms
− Soundproofing concerns− Some hallway darkness− Occasional elevator congestion− Cheap shower curtains
+ Friendly staff+ Attentive service+ Excellent Gulch location+ Popular pool and rooftop+ 24-hour fitness center
− High overall cost− Destination and valet fees− Breakfast service-charge complaint− Cancellation-policy complaint− Occasional elevator delays

Reviewers generally describe the rooms as “clean, comfortable, and modern,” and Tripadvisor publishes a 4.9/5 cleanliness sub-rating for the property. The counter-evidence is limited but includes “soundproofing issues,” a report of difficulty catching an elevator at a busy time, and a reviewer’s view that cheap shower curtains and basic rooms do not meet the luxury standard; no serious structural failure, leak or systems failure was reported.

Daily-life feedback is mostly favorable: guests call the service “top shelf,” describe staff as “friendly and professional,” and praise the pool, rooftop, fitness center and walkable Gulch setting. The main operational negatives are value and fee complaints, including an undisclosed 20% breakfast charge, plus one serious customer-service account alleging that a promised manager callback never came.

Prospect Union SquareUnion Square, Somerville450 units
8.0/ 10
6.5/ 10
8.0/ 10

Bozzuto’s 4.5/5 resident rating from 183 reviews sets the level and converts to 8.5/10 under the specified curve. The score is moderated to 8.0 because the written evidence includes a serious elevator outage and separate reports of delayed maintenance and ineffective complaint handling; the structural sub-score is held at 6.5 because the only physical-systems evidence is a single serious elevator report.

− Elevator outage lasting months− Disruptive elevator noise
+ Seamless move-in experience+ Responsive leasing staff+ Helpful concierge+ 24/7 concierge service
− Poor complaint resolution− Hostile maintenance interaction− Delayed repair

One resident reported that the elevator had been broken for months and that the resulting sound was “super disruptive” and made it difficult to sleep. This is a serious systems complaint, but the available evidence is a single resident report rather than a published engineering assessment or a repeated structural theme.

The Bozzuto review page quotes residents praising a “seamless” application and move-in process, friendly staff, and convenient location, while ApartmentRatings includes a resident who said management was “completely ineffective” in resolving the elevator problem and another who described an aggressive maintenance interaction. The evidence therefore indicates a generally favorable aggregate but meaningful negative reports about maintenance follow-through and complaint handling.

CascadeLakeshore East, Chicago503 units
7.8/ 10
—/ 10
7.7/ 10
VeryApt 9.6/10, 8.1/10, 9.4/10 · 12 reviews · veryapt.com
Combined from 3 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.7.

Google Maps’ 4.2/5 from 104 reviews sets the level, converting to 7.6/10 under the specified curve. Repeated praise for staff, amenities, safety and location supports a modest upward adjustment, while reported noise, hot-water, smoke-enforcement and value complaints pull it back. No published engineering rating supports a separate structure score.

+ High-quality finishes+ Modern appliances+ Well-maintained building
− Noise insulation complaints− Frequent hot-water complaints− Door-battery failures
+ Responsive management+ Friendly staff+ Extensive amenities+ Safe location+ Pet-friendly community
− Smoke/vape odor enforcement complaint− High renewal-price concerns− Amenity supply issues− Leasing-office complaint− Crowded pool reported

Published resident feedback praises the building’s finishes and says it is “always maintained well,” but other reviews report that “noise insulation, hot water is frequently an issue” and that door batteries eventually fail. Another resident described constant upstairs noise that made sleeping difficult; these are resident observations, not an engineering inspection.

Residents commonly praise the staff and amenities: one wrote that the team is “genuinely so nice,” while another called the amenities “better than any apartment I’ve ever seen.” The negative record includes a complaint of smoke and vape odors entering apartments, a review calling the leasing office the “worst leasing office ever,” and concerns about renewal pricing and amenity-service failures.

10 Prospect StreetUnion Square, Somerville
7.5/ 10
—/ 10
—/ 10

The only published building-specific aggregate located is Google’s 5/5 from one review, but it is below the ten-review threshold, so the score is kept within one point of 6.5 as required. No resident review base exists because 10 Prospect is a commercial lab/office building, and the published material provides no scorable residential living or structure score.

+ Lab-ready infrastructure+ LEED Gold certification+ High-capacity MEP systems+ Secure bike parking and showers
− Dark, funereal appearance− Foreboding street presence
+ Tenant amenity lounge and outdoor terrace+ Shared conference facilities+ Green Line proximity+ Responsive management claimed by project material
− Building reported empty in March 2026− Leasing remains challenging

Published project material describes a 196,500-square-foot lab-ready facility with LEED Gold certification, high-capacity mechanical infrastructure, 15 W/SF lab power, 100% outside make-up air and central pH neutralization. An architecture review nevertheless said the building had a “dark, funereal appearance” and that its street-level cladding could feel “depressing and off-putting”; these are design observations rather than reports of physical-system failure.

This is a commercial lab/office building rather than a residential property, so resident day-to-day evidence is not applicable. The March 2026 report said 10 Prospect “remains empty,” while the project page promotes a tenant lounge, terrace, shared conference facilities and management described as “experienced” and “responsive”; the latter is marketing copy, not resident feedback.

The Gallery on WellsRiver North, Chicago442 units
7.4/ 10
—/ 10
7.0/ 10

The largest reported review base is the Google Maps aggregate reproduced by Precise Rent: 4.0/5 from 95 reviews, which converts to 7.0/10 under the specified curve. Written commentary is strongly positive on staff, amenities, cleanliness and community, but the recurring management/value complaints offset that praise rather than materially changing the anchor. No physical-condition evidence supports a structure score.

+ Friendly staff+ Professional management+ Well-maintained amenities+ Clean common areas+ Strong resident community
− Service/value concerns− Slow or absent pandemic updates− Price dissatisfaction

no notes returned

no links returned

Residents repeatedly describe the staff as “friendly and professional,” the amenities as “beautiful and extremely well kept,” and the property as “impeccably maintained and cleaned daily.” The negative evidence is narrower but includes a resident saying management was “unwilling to work with us in any capacity” during COVID-related hardship and another saying the experience had not “lived up to the price point.”

The St. Regis ChicagoLakeshore East, Chicago393 units
6.9/ 10
8.6/ 10
Tripadvisor 4.9/5 · 81 reviews · tripadvisor.com
Tripadvisor publishes 4.9/5 from 81 reviews. Adjusted for where resident ratings usually fall, and weighted toward the 6.5 midpoint (more strongly the fewer the reviews), that gives 8.6.
7.3/ 10
Tripadvisor 4.5/5, 4.3/5 · 81 reviews · tripadvisor.com
Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 7.3.

The resident Google aggregate, published as 4.3/5 from 97 reviews, sets the level and converts to 7.0/10 under the supplied curve. The overall score is pulled down to 6.3 by the reported flood, elevator and management failures, with the recurring positive themes preventing a larger reduction; structure is lower because the most serious physical-system reports concern flooding and elevators.

+ New-looking property+ Spacious, comfortable rooms+ High-quality design and finishes
− Reported major multi-floor flood− Reported frequent elevator breakdowns− Occasional room wear or maintenance issues
+ Helpful and friendly staff+ Luxury amenities+ Quiet, convenient location+ Positive resident amenity experience
− Inconsistent service− Housekeeping/ butler follow-through failures− Parking and valet congestion− Some reports of unwelcoming treatment

Structural feedback is sharply mixed. A resident reported a “major flood” causing the “near total loss of multiple condos amongst multiple floors” and said elevator breakdowns occurred so often that “a week doesn't go by” without one; guest reviews otherwise describe a beautiful, new property with spacious rooms, while Tripadvisor reports 4.9/5 for rooms.

Daily-life feedback praises the amenities, location and individual staff: one resident called the experience “five-star,” while a guest said Stefanos was “incredibly friendly, kind, and helpful.” The negative reports center on operational execution, including a guest whose butler introduction and housekeeping requests were missed and whose promised compensation was not honored, alongside complaints about valet congestion and inconsistent service.

Millie on MichiganThe Loop, Chicago289 units
6.7/ 10
7.0/ 10
6.8/ 10
Yelp 70/100, 90/100 · 10 reviews · maps.apple.com
Yelp 82/100 · 11 reviews · maps.apple.com
Combined from 3 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.8.

Google's 3.8/5 rating from 72 building reviews is the largest eligible review base and converts to approximately 6.4/10 under the supplied curve, setting the level. The result is held near that anchor because the review set contains substantial praise for staff, maintenance, amenities and common areas, but also repeated concerns about leasing-office treatment and inconsistent noise insulation. Structure is reported separately at 7.0 because the physical evidence is limited and contradictory; living is 6.5 based on the operational reviews.

+ Modern finishes+ Building reported in optimal condition+ Good soundproofing reported by multiple residents
− Conflicting noise-insulation reports− Thin walls/windows reported− Limited storage
+ Friendly staff+ Responsive leasing support+ Fast maintenance+ Well-kept common areas+ Strong rooftop and fitness amenities
− Leasing-office responsiveness concerns− Difficult Lower Wacker parking− Small pool− Limited storage− One reported delivery-security incident

Residents gave conflicting accounts of the building envelope: one called the soundproofing “the best sound proof I’ve ever seen” and said the building was “always in optimal condition,” while another on a high floor said the walls/windows were “incredibly thin” and that sirens and other noise were constant. VeryApt also records that the building was brand new and “everything is in great shape,” but the evidence does not establish an independent engineering assessment.

Day-to-day feedback is mostly favorable: residents describe staff as “very friendly,” maintenance as “super fast,” common areas as “well-kept,” and the rooftop, gym and views as major strengths. The negative operational reports are concentrated in a small number of reviews: one says the leasing office “does not care about current residents,” reports a delivery stolen from the lobby, and criticizes the garage; another calls the pool “extremely small” and storage inadequate.

Sienna at The Thompsondowntown Austin, Austin331 units
6.5/ 10
6.0/ 10
AptAmigo 4/5, 2/5 · no review count · aptamigo.com
Combined from 2 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.
6.7/ 10
AptAmigo 4/5, 3/5, 5/5 · no review count · aptamigo.com
Combined from 3 published figures on 1 platform, weighted by review count, adjusted for where resident ratings usually fall and weighted toward the 6.5 midpoint where reviews are few: 6.7.

Birdeye’s 3.8/5 from 126 reviews is the largest published review base and converts to 6.4/10 under the supplied curve. The score is reduced for recurring severe or moderate systems complaints and living-quality problems, with some offset from repeated praise for staff, amenities, views and location; the result is 5.8/10.

+ Good sound insulation reported by one resident+ Good temperature control reported by one resident+ Modern-looking interiors+ Sweeping city views
− Recurring hot-water problems− Elevator breakdowns and long waits− Low-quality finishes and appliances− Low water pressure− Limited bedroom and bathroom A/C vents
+ Helpful staff+ Responsive local management+ Strong gym and amenity package+ Rooftop pool and resident lounge+ Convenient downtown location
− Pool crowding− Hotel-versus-resident priority concerns− Security concerns near the building− Noise from nearby bars− Premium pricing complaints

Published resident reviews raise material systems and construction concerns: one reviewer reported no hot water for nearly two weeks and unsafe-tasting water, while another said hot water was “ALWAYS compromised.” A separate resident described “cheap” finishes, weak shower water pressure, and elevators “constantly breaking down”; AptAmigo’s two individual reviews nevertheless reported 4.0/5 water pressure and sound insulation for one resident, but 2.0/5 water pressure for the other.

The favorable operational feedback includes “responsive and personable local management,” a “great” gym and rooftop pool, and AptAmigo’s “Staff very helpful” comment. Negative reviews say the shared pool is too small for residents and hotel guests, nearby nightlife can be “unbearable,” and one resident reported feeling unsafe and wrote, “There is no security.”

Only buildings that have reached handover are rated. 0 of 10 projects carry no rating: a building still under construction is never asked about, one that has just been handed over may not have been reached yet, and the rest were asked about and no published resident commentary was found. Structure is fixed at handover and stays the developer's; management and living belongs to whoever runs the building now. The overall verdict weights both rather than averaging them. None of this is checked: a rating is what people published about a building, aggregated — it is not evidence, it cannot move a delay figure, and it is not part of the delivery record above.

About

Company dossier

Legal name
Magellan Development Group LLC
Headquarters
225 N. Columbus Drive Suite 100, Chicago, United States
60601
Founded
1996
Chicago, United States
Entity type
PRIVATE
Revenue
USD 5.56 million annual revenue
Business model
offplan for sale, commercial, mixed use, masterplan

Partners

12 partners
St. Regis Hotels & Resorts
operator

The brand agreement rebranded Magellan’s Vista Tower project as The St. Regis Chicago.

The Alinea Group
operator

The Alinea Group joined the St. Regis Chicago project to provide culinary concepts.

Goldman Sachs
funder

Goldman Sachs provided capital for The St. Regis Chicago through its West Street Strategic Solutions I Fund L.P.

J.P. Morgan
funder

Magellan identified J.P. Morgan as a financial partner for The St. Regis Chicago.

Sterling Bay
joint venture

Sterling Bay and Magellan jointly broke ground on the 300 N Michigan Avenue mixed-use tower.

Linn-Mathes
contractor

Linn-Mathes was identified as the general contractor overseeing construction of 300 N Michigan Avenue.

Tree Street Group
joint venture

Tree Street Group and Magellan are development partners on 410 N. Elizabeth in Fulton Market.

Mark Goodman & Associates
joint venture

Mark Goodman & Associates joined Magellan and Tree Street Group as a development partner on 410 N. Elizabeth.

Clark Construction Group
contractor

Clark Construction Group is the general contractor for 410 N. Elizabeth.

Integra-X-Builders
contractor

Integra-X-Builders is working in partnership with Clark Construction Group on 410 N. Elizabeth.

Fulmar Development Partners, LLC
joint venture

Fulmar and Magellan signed an agreement covering Magellan’s development-partner role in the Grand Rapids Fulton & Market project.

Michigan Strategic Fund
government partner

The Fund approved a transformational brownfield incentive supporting the Grand Rapids Fulton & Market mixed-use development.

Sources: partners

COMPANY2020-11-30

VISTA TOWER PROJECT RENAMED TO THE ST. REGIS CHICAGO - Magellan Development Group

Magellan Development Group
CHICAGO – November 25, 2020 – Magellan Development Group LLC today announces agreements with St. Regis Hotels & Resorts for its Vista Tower project, which will be rebranded as The St. Regis Chicago.
value seen: St. Regis Hotels & Resorts
https://www.magellandevelopment.com/vista-tower-project-renamed-to-the-st-regis-chicago/

Sources: partners

COMPANY2020-11-30

VISTA TOWER PROJECT RENAMED TO THE ST. REGIS CHICAGO - Magellan Development Group

Magellan Development Group
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.
value seen: Alinea Group
https://www.magellandevelopment.com/vista-tower-project-renamed-to-the-st-regis-chicago/

Sources: partners

PRESS2025-09-22

DeVos, Van Andel families tap Chicago firm to develop massive, skyline defining project

MLive
Magellan Development Group, a family-owned firm that’s built upscale, high-rise mixed-use developments in Chicago, Boston, Miami, Nashville, Minneapolis and Austin, has signed an agreement to serve as the project’s development partner.
value seen: Fulmar Development Partners, LLC
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.mlive.com/news/grand-rapids/2025/09/devos-van-andel-families-tap-chicago-firm-to-develop-massive-skyline-defining-project.html

Sources: partners

REGULATOR2025-12-22

Michigan Strategic Fund Board Approves Two Major Projects in Grand Rapids, Kalamazoo

Michigan Economic Development Corporation
Fulmar Development Partners, LLC, received approval for a $560.89 million TBP incentive reimbursed over 30 years to transform nearly 7 acres at Fulton and Market streets in the City of Grand Rapids.
value seen: Michigan Strategic Fund
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.michiganbusiness.org/press-releases/2025/12/msf-projects-grand-rapids-kalamazoo/

Sources: partners

COMPANY2020-11-30

VISTA TOWER PROJECT RENAMED TO THE ST. REGIS CHICAGO - Magellan Development Group

Magellan Development Group
Capital is being provided by Goldman Sachs’s West Street Strategic Solutions I Fund L.P.
value seen: Goldman Sachs
https://www.magellandevelopment.com/vista-tower-project-renamed-to-the-st-regis-chicago/

Sources: partners

COMPANY2020-11-30

VISTA TOWER PROJECT RENAMED TO THE ST. REGIS CHICAGO - Magellan Development Group

Magellan Development Group
We’re thankful for our financial partners Goldman Sachs and J.P. Morgan.
value seen: J.P. Morgan
https://www.magellandevelopment.com/vista-tower-project-renamed-to-the-st-regis-chicago/

Sources: partners

PRESS2020-09-10

Sterling Bay, Magellan Development break ground on mixed-use Michigan Avenue tower – REJournals

REJournals
Sterling Bay and Magellan Development Group broke ground on 300 N Michigan Avenue, a brand-new 47-story tower located between Millennium Park and the Chicago Riverwalk.
value seen: Sterling Bay
https://rejournals.com/sterling-bay-magellan-development-break-ground-on-mixed-use-michigan-avenue-tower/

Sources: partners

CONTRACTOR2020-09-10

Sterling Bay, Magellan Development break ground on mixed-use Michigan Avenue tower – REJournals

REJournals
Chicago-based general contractor Linn-Mathes will oversee the construction process and bKL Architecture is serving as lead architect.
value seen: Linn-Mathes
https://rejournals.com/sterling-bay-magellan-development-break-ground-on-mixed-use-michigan-avenue-tower/

Sources: partners

COMPANY2026-07-22

Chicago’s First Geothermal-Powered Multifamily Community - Magellan Development Group

Magellan Development Group
Magellan Development Group is partnering with Tree Street Group and Mark Goodman & Associates to develop 410 N. Elizabeth, a pioneering mixed-use community that will introduce Chicago’s first geothermal-powered, all-electric multifamily high-rise.
value seen: Tree Street Group
https://www.magellandevelopment.com/chicagos-first-geothermal-powered-multifamily-community/

Sources: partners

COMPANY2026-07-22

Chicago’s First Geothermal-Powered Multifamily Community - Magellan Development Group

Magellan Development Group
Magellan Development Group is partnering with Tree Street Group and Mark Goodman & Associates to develop 410 N. Elizabeth, a pioneering mixed-use community that will introduce Chicago’s first geothermal-powered, all-electric multifamily high-rise.
value seen: Mark Goodman & Associates
https://www.magellandevelopment.com/chicagos-first-geothermal-powered-multifamily-community/

Sources: partners

CONTRACTOR2026-07-22

Chicago’s First Geothermal-Powered Multifamily Community - Magellan Development Group

Magellan Development Group
Archeo Design Studio is serving as architect of record, and Clark Construction Group is the project’s general contractor, working in partnership with Integra-X-Builders.
value seen: Clark Construction Group
https://www.magellandevelopment.com/chicagos-first-geothermal-powered-multifamily-community/

Sources: partners

CONTRACTOR2026-07-22

Chicago’s First Geothermal-Powered Multifamily Community - Magellan Development Group

Magellan Development Group
Archeo Design Studio is serving as architect of record, and Clark Construction Group is the project’s general contractor, working in partnership with Integra-X-Builders.
value seen: Integra-X-Builders
https://www.magellandevelopment.com/chicagos-first-geothermal-powered-multifamily-community/

Registrations & licences

none found
Jurisdiction-agnostic: a DLD number, a Companies House number and a state RERA registration all land in the same table.

Contact

Markets

1 countries
United Statesactive 10 projects tracked

What they build

7 types
Mixed use7 of 10
Residential, for rent6 of 10
Retail5 of 10
Hotel4 of 10
Office2 of 10
Residential, for sale2 of 10
Industrial1 of 10
A project counts once under each type it carries, so the shares add to more than the project count.

Management

Principals & executives

6 names found
JM
Joel M. Carlins
Founder and former CEO who helped build Magellan’s Chicago-centered mixed-use platform and remains documented as chairman emeritus. His background combines law, journalism and hands-on development across residential, retail, hotel and commercial assets.
Current title
Chairman Emeritus; founder
Experience
no career length stated
Companies before
none sourced
Education
University of Illinoisbachelor’s degree in journalism
DePaul UniversityJuris Doctor of Law
Other boards
Director and past president of the Yul Brynner Cancer Research FoundationDirector, Greater North Michigan Avenue AssociationCouncil of Regents, Loyola University Chicago
Known for
FounderChairman emeritus
https://www.linkedin.com/in/joel-carlins-895264186
“Our philosophy was the opposite. People like to be near water. They like to be near parks.” ENR March 28, 2011https://www.enr.com/articles/20041-enr-midwests-2011-owner-of-the-year-magellan

Sources: degree

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Carlins attended the Chicago Academy of Fine Arts and holds a bachelor’s degree in journalism from the University of Illinois and a Juris Doctor of Law degree from DePaul University.
value seen: bachelor’s degree in journalism
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: institution

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Carlins attended the Chicago Academy of Fine Arts and holds a bachelor’s degree in journalism from the University of Illinois and a Juris Doctor of Law degree from DePaul University.
value seen: University of Illinois
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: degree

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Carlins attended the Chicago Academy of Fine Arts and holds a bachelor’s degree in journalism from the University of Illinois and a Juris Doctor of Law degree from DePaul University.
value seen: Juris Doctor of Law
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: institution

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Carlins attended the Chicago Academy of Fine Arts and holds a bachelor’s degree in journalism from the University of Illinois and a Juris Doctor of Law degree from DePaul University.
value seen: DePaul University
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: full name

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Joel M. Carlins
value seen: Joel M. Carlins
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: linkedin page

SOCIALdate not shown in source

Joel M. Carlins | Magellan Development Group

LinkedIn
https://www.linkedin.com/in/joel-carlins-895264186
value seen: https://www.linkedin.com/in/joel-carlins-895264186
https://www.linkedin.com/in/joel-carlins-895264186

Sources: other boards

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Director and past president of the Yul Brynner Cancer Research Foundation
value seen: Director and past president of the Yul Brynner Cancer Research Foundation
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: other boards

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Director, Greater North Michigan Avenue Association
value seen: Director, Greater North Michigan Avenue Association
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: other boards

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Council of Regents, Loyola University Chicago
value seen: Council of Regents, Loyola University Chicago
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: date

PRESS2011-03-28

ENR

ENR
March 28, 2011
value seen: March 28, 2011
https://www.enr.com/articles/20041-enr-midwests-2011-owner-of-the-year-magellan

Sources: publisher

Sources: quote

PRESS2011-03-28

ENR

ENR
“Our philosophy was the opposite. People like to be near water. They like to be near parks.”
value seen: “Our philosophy was the opposite. People like to be near water. They like to be near parks.”
https://www.enr.com/articles/20041-enr-midwests-2011-owner-of-the-year-magellan

Sources: url

PRESS2011-03-28

ENR

ENR
https://www.enr.com/articles/20041-enr-midwests-2011-owner-of-the-year-magellan
value seen: https://www.enr.com/articles/20041-enr-midwests-2011-owner-of-the-year-magellan
https://www.enr.com/articles/20041-enr-midwests-2011-owner-of-the-year-magellan

Sources: role type

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Joel Carlins, founder of Magellan Development Group LLC, has been instrumental in the company’s growth and continuing success.
value seen: CHAIR
value paraphrased from this source
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: summary

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Joel Carlins, founder of Magellan Development Group LLC, has been instrumental in the company’s growth and continuing success.
value seen: Founder and former CEO who helped build Magellan’s Chicago-centered mixed-use platform and remains documented as chairman emeritus. His background combines law, journalism and hands-on development across residential, retail, hotel and commercial assets.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: tags

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Founder
value seen: Founder
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: tags

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Chairman emeritus
value seen: Chairman emeritus
https://www.magellandevelopment.com/team/joel-m-carlins/

Sources: title

COMPANYdate not shown in source

Joel M. Carlins | Magellan Development Group

Magellan Development Group
Joel Carlins, founder of Magellan Development Group LLC, has been instrumental in the company’s growth and continuing success.
value seen: Chairman Emeritus; founder
held out of the figures · the quote does not carry this value
https://www.magellandevelopment.com/team/joel-m-carlins/
DJ
David J. Carlins
CEO responsible for Magellan’s development, capital and construction work, including financial structuring, design, entitlement, construction, marketing and sales. He co-founded the company in 1996 and is a lawyer and licensed Illinois real-estate broker.
Current title
Chief Executive Officer
since December 13, 2019
Experience
no career length stated
Companies before
none sourced
Education
University of Wisconsin, MadisonBS degree in Education
Loyola Law SchoolJD
Other boards
Hire360, founding memberChicago Youth Programs, longtime board memberRefugee One, supporter
Known for
CEOCo-founderInvestment committee
“I am honored to carry on the legacy and values that my father and Jim have created at Magellan and am energized to lead the company as it takes these exciting next steps,” REJournals December 13, 2019https://rejournals.com/david-carlins-appointed-ceo-of-magellan-development-following-new-investor-parnership/

Sources: degree

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
David holds a BS degree in Education from the University of Wisconsin, Madison and a JD from Loyola Law School.
value seen: BS degree in Education
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: institution

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
David holds a BS degree in Education from the University of Wisconsin, Madison and a JD from Loyola Law School.
value seen: University of Wisconsin, Madison
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: degree

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
David holds a BS degree in Education from the University of Wisconsin, Madison and a JD from Loyola Law School.
value seen: JD
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: institution

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
David holds a BS degree in Education from the University of Wisconsin, Madison and a JD from Loyola Law School.
value seen: Loyola Law School
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: full name

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
David J. Carlins
value seen: David J. Carlins
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: other boards

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
Hire360, founding member
value seen: Hire360, founding member
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: other boards

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
Chicago Youth Programs, longtime board member
value seen: Chicago Youth Programs, longtime board member
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: other boards

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
Refugee One, supporter
value seen: Refugee One, supporter
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: date

PRESS2019-12-13

REJournals

REJournals
December 13, 2019
value seen: December 13, 2019
https://rejournals.com/david-carlins-appointed-ceo-of-magellan-development-following-new-investor-parnership/

Sources: publisher

Sources: quote

PRESS2019-12-13

REJournals

REJournals
“I am honored to carry on the legacy and values that my father and Jim have created at Magellan and am energized to lead the company as it takes these exciting next steps,”
value seen: “I am honored to carry on the legacy and values that my father and Jim have created at Magellan and am energized to lead the company as it takes these exciting next steps,”
https://rejournals.com/david-carlins-appointed-ceo-of-magellan-development-following-new-investor-parnership/

Sources: url

PRESS2019-12-13

REJournals

REJournals
https://rejournals.com/david-carlins-appointed-ceo-of-magellan-development-following-new-investor-parnership/
value seen: https://rejournals.com/david-carlins-appointed-ceo-of-magellan-development-following-new-investor-parnership/
https://rejournals.com/david-carlins-appointed-ceo-of-magellan-development-following-new-investor-parnership/

Sources: role type

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
David Carlins, CEO of Magellan Development Group, oversees the company’s Development, Capital and Construction efforts.
value seen: CEO
value paraphrased from this source
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: since

SOCIALdate not shown in source

David J. Carlins | Magellan Development Group

LinkedIn · carried by magellandevelopment.com
David Carlins, CEO of Magellan Development Group, oversees the company’s Development, Capital and Construction efforts.
value seen: December 13, 2019
held out of the figures · the quote does not carry this value
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: summary

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
David Carlins, CEO of Magellan Development Group, oversees the company’s Development, Capital and Construction efforts.
value seen: CEO responsible for Magellan’s development, capital and construction work, including financial structuring, design, entitlement, construction, marketing and sales. He co-founded the company in 1996 and is a lawyer and licensed Illinois real-estate broker.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: tags

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
CEO
value seen: CEO
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: tags

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
Co-founder
value seen: Co-founder
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: tags

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
Investment committee
value seen: Investment committee
https://www.magellandevelopment.com/team/david-j-carlins/

Sources: title

COMPANYdate not shown in source

David J. Carlins | Magellan Development Group

Magellan Development Group
David Carlins, CEO of Magellan Development Group, oversees the company’s Development, Capital and Construction efforts.
value seen: Chief Executive Officer
held out of the figures · the quote does not carry this value
https://www.magellandevelopment.com/team/david-j-carlins/
JB
J.R. Berger
President and managing principal who leads development, asset management, property management and construction, while helping execute corporate strategy and grow the hospitality business. He is also documented on Magellan’s board and investment committee and has civic and education-sector board involvement.
Current title
President
since May 2009 - Present
Experience
no career length stated
Companies before
none sourced
Education
George Washington UniversityBachelor of Arts
Other boards
Midwest’s Next Generation Board, United States Holocaust Memorial MuseumBen Gurion Society Advisory Council, Jewish United Fund of ChicagoFounding board, Davis School Chicago
Known for
PresidentBoard memberInvestment committee
https://linkedin.com/in/j-r-berger-90960b14

Sources: degree

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
He earned his Bachelor of Arts degree from George Washington University.
value seen: Bachelor of Arts
https://www.magellandevelopment.com/team/j-r-berger/

Sources: institution

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
He earned his Bachelor of Arts degree from George Washington University.
value seen: George Washington University
https://www.magellandevelopment.com/team/j-r-berger/

Sources: full name

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
J.R. Berger
value seen: J.R. Berger
https://www.magellandevelopment.com/team/j-r-berger/

Sources: linkedin page

SOCIALdate not shown in source

J.R. Berger - Magellan Development Group

LinkedIn
https://linkedin.com/in/j-r-berger-90960b14
value seen: https://linkedin.com/in/j-r-berger-90960b14
https://linkedin.com/in/j-r-berger-90960b14

Sources: other boards

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
Midwest’s Next Generation Board, United States Holocaust Memorial Museum
value seen: Midwest’s Next Generation Board, United States Holocaust Memorial Museum
https://www.magellandevelopment.com/team/j-r-berger/

Sources: other boards

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
Ben Gurion Society Advisory Council, Jewish United Fund of Chicago
value seen: Ben Gurion Society Advisory Council, Jewish United Fund of Chicago
https://www.magellandevelopment.com/team/j-r-berger/

Sources: other boards

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
Founding board, Davis School Chicago
value seen: Founding board, Davis School Chicago
https://www.magellandevelopment.com/team/j-r-berger/

Sources: role type

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
J.R. Berger, President of Magellan Development Group LLC, leads Magellan’s development, asset management, property management and construction departments.
value seen: MANAGING_DIRECTOR
value paraphrased from this source
https://www.magellandevelopment.com/team/j-r-berger/

Sources: since

SOCIALdate not shown in source

J.R. Berger - Magellan Development Group

LinkedIn · carried by magellandevelopment.com
J.R. Berger, President of Magellan Development Group LLC, leads Magellan’s development, asset management, property management and construction departments.
value seen: May 2009 - Present
held out of the figures · the quote does not carry this value
https://www.magellandevelopment.com/team/j-r-berger/

Sources: summary

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
J.R. Berger, President of Magellan Development Group LLC, leads Magellan’s development, asset management, property management and construction departments.
value seen: President and managing principal who leads development, asset management, property management and construction, while helping execute corporate strategy and grow the hospitality business. He is also documented on Magellan’s board and investment committee and has civic and education-sector board involvement.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.magellandevelopment.com/team/j-r-berger/

Sources: tags

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
President
value seen: President
https://www.magellandevelopment.com/team/j-r-berger/

Sources: tags

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
Board member
value seen: Board member
https://www.magellandevelopment.com/team/j-r-berger/

Sources: tags

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
Investment committee
value seen: Investment committee
https://www.magellandevelopment.com/team/j-r-berger/

Sources: title

COMPANYdate not shown in source

J.R. Berger - Magellan Development Group

Magellan Development Group
J.R. Berger, President of Magellan Development Group LLC, leads Magellan’s development, asset management, property management and construction departments.
value seen: President
https://www.magellandevelopment.com/team/j-r-berger/
MD
Michelle Duran Montaña
Managing partner focused on strategic direction, capital deployment, asset performance, investment operations, partnership structuring and investor relations for Magellan’s Chicago portfolio. Her public profile describes prior executive work in Ukrainian retail and office assets and a master’s focus in real estate and finance.
Current title
Managing Partner
since Aug 2022 - Present
Experience
no career length stated
Companies before
ESTA HoldingArricano Real Estate PLC
Education
National University of Kyiv-Mohyla AcademyMaster’s degree, Real Estate & Finance
Other boards
none sourced
Known for
Managing partnerPortfolio strategyReal-estate investment
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: degree

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Master’s degree Real Estate & Finance at National University of Kyiv-Mohyla Academy
value seen: Master’s degree, Real Estate & Finance
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: institution

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Master’s degree Real Estate & Finance at National University of Kyiv-Mohyla Academy
value seen: National University of Kyiv-Mohyla Academy
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: full name

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Michelle Duran Montaña
value seen: Michelle Duran Montaña
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: linkedin page

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27
value seen: https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: previous companies

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
ESTA Holding
value seen: ESTA Holding
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: previous companies

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Arricano Real Estate PLC
value seen: Arricano Real Estate PLC
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: role type

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Managing Partner - Magellan Development Group LLC (Current) Aug 2022 - Present
value seen: MANAGING_DIRECTOR
value paraphrased from this source
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: since

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Managing Partner - Magellan Development Group LLC (Current) Aug 2022 - Present
value seen: Aug 2022 - Present
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: summary

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Managing Partner - Magellan Development Group LLC (Current) Aug 2022 - Present
value seen: Managing partner focused on strategic direction, capital deployment, asset performance, investment operations, partnership structuring and investor relations for Magellan’s Chicago portfolio. Her public profile describes prior executive work in Ukrainian retail and office assets and a master’s focus in real estate and finance.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: tags

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Managing partner
value seen: Managing partner
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: tags

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Portfolio strategy
value seen: Portfolio strategy
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: tags

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Real-estate investment
value seen: Real-estate investment
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27

Sources: title

SOCIALdate not shown in source

Michelle Duran Montaña

LinkedIn
Managing Partner - Magellan Development Group LLC (Current) Aug 2022 - Present
value seen: Managing Partner
https://linkedin.com/in/michelle-duran-monta%C3%B1a-39835b27
LB
Laura Buel
CFO responsible for accounting, cash management, construction draws and financial projections across Magellan’s projects. Before Magellan she worked in audit at Ernst & Young and as corporate controller for the Prime Group; she is both a CPA and an attorney.
Current title
Chief Financial Officer
Experience
no career length stated
Companies before
Ernst & YoungThe Prime Group
Education
St. Mary’s CollegeBachelor of Business Administration
Loyola University Chicago School of LawJD
Other boards
none sourced
Known for
CFOCPAAttorney

Sources: degree

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
Laura received her Bachelor of Business Administration from St. Mary’s College and her JD from Loyola University Chicago School of Law.
value seen: Bachelor of Business Administration
https://www.magellandevelopment.com/team/laura-buel/

Sources: institution

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
Laura received her Bachelor of Business Administration from St. Mary’s College and her JD from Loyola University Chicago School of Law.
value seen: St. Mary’s College
https://www.magellandevelopment.com/team/laura-buel/

Sources: degree

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
Laura received her Bachelor of Business Administration from St. Mary’s College and her JD from Loyola University Chicago School of Law.
value seen: JD
https://www.magellandevelopment.com/team/laura-buel/

Sources: institution

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
Laura received her Bachelor of Business Administration from St. Mary’s College and her JD from Loyola University Chicago School of Law.
value seen: Loyola University Chicago School of Law
https://www.magellandevelopment.com/team/laura-buel/

Sources: full name

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
Laura Buel
value seen: Laura Buel
https://www.magellandevelopment.com/team/laura-buel/

Sources: previous companies

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
Ernst & Young
value seen: Ernst & Young
https://www.magellandevelopment.com/team/laura-buel/

Sources: previous companies

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
The Prime Group
value seen: The Prime Group
https://www.magellandevelopment.com/team/laura-buel/

Sources: role type

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
Laura Buel is the chief financial officer of Magellan Development Group LLC.
value seen: CFO
value paraphrased from this source
https://www.magellandevelopment.com/team/laura-buel/

Sources: summary

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
Laura Buel is the chief financial officer of Magellan Development Group LLC.
value seen: CFO responsible for accounting, cash management, construction draws and financial projections across Magellan’s projects. Before Magellan she worked in audit at Ernst & Young and as corporate controller for the Prime Group; she is both a CPA and an attorney.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.magellandevelopment.com/team/laura-buel/

Sources: tags

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
CFO
value seen: CFO
https://www.magellandevelopment.com/team/laura-buel/

Sources: tags

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
CPA
value seen: CPA
https://www.magellandevelopment.com/team/laura-buel/

Sources: tags

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
Attorney
value seen: Attorney
https://www.magellandevelopment.com/team/laura-buel/

Sources: title

COMPANYdate not shown in source

Laura Buel | Magellan Development Group

Magellan Development Group
Laura Buel is the chief financial officer of Magellan Development Group LLC.
value seen: Chief Financial Officer
https://www.magellandevelopment.com/team/laura-buel/
SP
Sean P. Linnane
Executive vice president responsible for evaluating residential, retail and mixed-use opportunities and coordinating financing, governmental, design and sales strategies. His prior experience includes Equity Properties and Development Limited Partnership and another Chicago condominium developer; he holds architecture and management degrees.
Current title
Executive Vice President
Experience
no career length stated
Companies before
Equity Properties and Development Limited Partnershipanother Chicago condominium developer
Education
Illinois Institute of TechnologyBachelor of Architecture
Northwestern University J.L. Kellogg Graduate School of ManagementMaster of Management
Other boards
none sourced
Known for
Executive vice presidentDevelopment strategyArchitecture
“We wanted best-in-class for everything,” The Real Deal August 5, 2024https://therealdeal.com/sponsored/bsh/chicagos-newest-luxury-tower-boasts-navy-pier-views-from-chefs-kitchens/

Sources: degree

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Sean received his Bachelor of Architecture degree from the Illinois Institute of Technology and went on to earn a Master of Management degree from Northwestern University’s J.L. Kellogg Graduate School of Management.
value seen: Bachelor of Architecture
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: institution

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Sean received his Bachelor of Architecture degree from the Illinois Institute of Technology and went on to earn a Master of Management degree from Northwestern University’s J.L. Kellogg Graduate School of Management.
value seen: Illinois Institute of Technology
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: degree

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Sean received his Bachelor of Architecture degree from the Illinois Institute of Technology and went on to earn a Master of Management degree from Northwestern University’s J.L. Kellogg Graduate School of Management.
value seen: Master of Management
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: institution

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Sean received his Bachelor of Architecture degree from the Illinois Institute of Technology and went on to earn a Master of Management degree from Northwestern University’s J.L. Kellogg Graduate School of Management.
value seen: Northwestern University J.L. Kellogg Graduate School of Management
held out of the figures · the quote does not carry this value
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: full name

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Sean P. Linnane
value seen: Sean P. Linnane
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: previous companies

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Equity Properties and Development Limited Partnership
value seen: Equity Properties and Development Limited Partnership
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: previous companies

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
another Chicago condominium developer
value seen: another Chicago condominium developer
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: date

PRESS2024-08-05

The Real Deal

The Real Deal
August 5, 2024
value seen: August 5, 2024
https://therealdeal.com/sponsored/bsh/chicagos-newest-luxury-tower-boasts-navy-pier-views-from-chefs-kitchens/

Sources: publisher

PRESS2024-08-05

The Real Deal

The Real Deal
The Real Deal
value seen: The Real Deal
https://therealdeal.com/sponsored/bsh/chicagos-newest-luxury-tower-boasts-navy-pier-views-from-chefs-kitchens/

Sources: quote

PRESS2024-08-05

The Real Deal

The Real Deal
“We wanted best-in-class for everything,”
value seen: “We wanted best-in-class for everything,”
https://therealdeal.com/sponsored/bsh/chicagos-newest-luxury-tower-boasts-navy-pier-views-from-chefs-kitchens/

Sources: url

PRESS2024-08-05

The Real Deal

The Real Deal
https://therealdeal.com/sponsored/bsh/chicagos-newest-luxury-tower-boasts-navy-pier-views-from-chefs-kitchens/
value seen: https://therealdeal.com/sponsored/bsh/chicagos-newest-luxury-tower-boasts-navy-pier-views-from-chefs-kitchens/
https://therealdeal.com/sponsored/bsh/chicagos-newest-luxury-tower-boasts-navy-pier-views-from-chefs-kitchens/

Sources: role type

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Sean Linnane, executive vice president for Magellan Development Group LLC, is responsible for evaluating residential, retail and mixed-use development opportunities.
value seen: OTHER
value paraphrased from this source
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: summary

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Sean Linnane, executive vice president for Magellan Development Group LLC, is responsible for evaluating residential, retail and mixed-use development opportunities.
value seen: Executive vice president responsible for evaluating residential, retail and mixed-use opportunities and coordinating financing, governmental, design and sales strategies. His prior experience includes Equity Properties and Development Limited Partnership and another Chicago condominium developer; he holds architecture and management degrees.
held out of the figures · the quote does not carry this value
value paraphrased from this source
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: tags

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Executive vice president
value seen: Executive vice president
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: tags

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Development strategy
value seen: Development strategy
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: tags

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Architecture
value seen: Architecture
https://www.magellandevelopment.com/team/sean-p-linnane/

Sources: title

COMPANYdate not shown in source

Sean P. Linnane | Magellan Development Group

Magellan Development Group
Sean Linnane, executive vice president for Magellan Development Group LLC, is responsible for evaluating residential, retail and mixed-use development opportunities.
value seen: Executive Vice President
https://www.magellandevelopment.com/team/sean-p-linnane/

Projects

Assessment coverage

Completed projects: 2016-10-15 through 2026-10-15. Initial research is capped at 10 completed projects and a separate delivery-risk search capped at 7 findings. Risk findings are not project assessment counts. Absence is not proof of a complete portfolio or no failures. Month-level dates overlapping a boundary are excluded from figures.

0 undated completions and 0 boundary-uncertain completions are retained but excluded from figures.

Stalled, cancelled & overdue projects

0 evidenced cases
The capped delivery-risk search ran; no project-level exception cases are recorded here. Risk findings are listed under Risks and are separate from assessed projects. This does not establish that the developer has no delivery failures.

Completed projects

10 projects
ProjectLocationTypeUnitsFloorsAreaCostPayment planLaunchedConstruction startOriginal targetHandoverDelayConfidenceStatus
10 Prospect StreetSomerville, United States
Union Square
office, industrial, retail, mixed use—seven stories205,000 sq ft——2021July 2021May 2023Jan 2024+8.0 mo
(+8.0 to +8.0)
estimatedcompleted
The St. Regis ChicagoChicago, United States
Lakeshore East
residential for sale, hotel39311011,884,416 sq ftUSD 1.03bn
other
—2016April 2016Jul 2021 – Sep 2021Jun 2023 – Aug 2023+23.0 mo
(+21.0 to +25.0)
sourcedcompleted
Prospect Union SquareSomerville, United States
Union Square
residential for rent, mixed use450125 stories in Tower and 6 Stories in Midrise509,189 sq ftUSD 227.8m
other
—2023May 12, 2023Jul 2023Jan 2023 – Dec 2023−0.5 mo
(−6.0 to +5.0)
sourcedcompleted
CascadeChicago, United States
Lakeshore East
residential for rent50313747,138 m²USD 210.5m
other
—201917 Sept 2019Jun 2021 – Aug 2021Jan 2022 – Dec 2022+11.5 mo
(+5.0 to +18.0)
sourcedcompleted
CirrusChicago, United States
Lakeshore East
residential for sale36314760,582 m²USD 337.3m
other
15% earnest money, initial $10,000 then the balance is the 2nd payment12019April 18, 2019Sep 2021 – Nov 2021Jan 2022 – Dec 2022+8.5 mo
(+2.0 to +15.0)
sourcedcompleted
Millie on MichiganChicago, United States
The Loop
residential for rent, hotel, mixed use, retail289147440,939 sq ftUSD 174.5m
other
—202009.16.2020—Jan 2022 – Dec 2022—not scorablecompleted
Sienna at The ThompsonAustin, United States
downtown Austin
residential for rent, hotel, retail, mixed use331132770,000 sq ftUSD 294.7m
other
—20182018 Q3Oct 2020 – Dec 2020Jan 2022 – Dec 2022+19.5 mo
(+13.0 to +26.0)
sourcedcompleted
W NashvilleNashville, United States
The Gulch
hotel, mixed use346113433,501 sq ftUSD 191m
other
—2018June 28, 2018Sep 2020 – Nov 2020Jan 2021 – Dec 2021+8.5 mo
(+2.0 to +15.0)
sourcedcompleted
Gio MidtownMiami, United States
Midtown Miami
residential for rent, retail, office, mixed use44713172,640 m²USD 186.6m
other
—20172017 Q4Mar 2020 – May 2020Jan 2020 – Dec 2020+2.5 mo
(−4.0 to +9.0)
sourcedcompleted
The Gallery on WellsChicago, United States
River North
residential for rent, retail, mixed use44213946,493 m²USD 154.9m
other
—20152015Jun 2017 – Aug 2017Jan 2018 – Dec 2018+11.5 mo
(+5.0 to +18.0)
estimatedcompleted
Click any row for the sources behind it. Cost basis matters: an estimated cost, a construction loan and a sale price are different numbers. Each row states which one it is, so they are never averaged together.

Awards

Awards & recognition

6 found
PROJECT AWARD Winner September 28, 2023
Lerch Bates People’s Choice Award — Tall Building · The St. Regis Chicago
The St. Regis Chicago won the Tall Building category in the public-vote People’s Choice Awards; Magellan Development Group is identified as the client.
PROJECT AWARD Winner December 2, 2022
MHN Excellence Award — Best Development & Design: High-Rise · Cascade
Cascade received the Gold award in Best Development & Design: High-Rise, with Lendlease and Magellan Development named in the winning entry.
PROJECT AWARD Winner December 2, 2022
MHN Excellence Award — Best Amenities · Cascade
Cascade received the Gold award for Best Amenities, with Lendlease and Magellan Development named in the winning entry.
PROJECT AWARD 2024 (reported March 27, 2025)
ILASLA 2024 Honor Awards · Cirrus and Cascade Towers
The project received an ILASLA 2024 Honor Award; the project record identifies Lendlease and Magellan as clients.
American Society of Landscape Architects, Illinois Chapter · https://il-asla.org/award/cirrus-and-cascade-towers/
PROJECT AWARD Finalist May 3, 2024
ULI Americas Awards for Excellence · The St. Regis Chicago
The St. Regis Chicago was documented as a ULI Americas Awards for Excellence finalist, with Magellan Development Group identified as developer.
GOVERNMENT RECOGNITION Winner June 17, 2011 (award presented June 27, 2011)
Burnham Award for Excellence in Planning · Lakeshore East
Lakeshore East won the Metropolitan Planning Council’s Burnham Award for Excellence in Planning, and the report describes Magellan Development Group’s acceptance of the award.

Risks

Risk flags

7 found
FINANCIAL DISTRESS 2024-11-21 (reported)
In November 2024, an affiliate of GD Holdings bought 84 unsold St. Regis condominium units from Magellan for $117 million; the report said the transaction helped relieve pressure after Magellan had taken a $149 million mortgage secured by 147 unsold units, with the loan’s maturity unclear.
LEGAL 2024-03-29 (appellate decision; underlying alleged breach in 2020)
In a case involving Magellan Parcel C/D LLC, Barrows alleged that Magellan failed to pay a success fee under an advisory agreement connected with acquiring Wanda’s interest in the St. Regis project; the Illinois Appellate Court affirmed dismissal with prejudice because the complaint did not adequately allege Barrows’ performance, so the reported claim was not upheld on the merits.
DELIVERY DELAY 2022-05-24 (reported; future opening commitment at that time)
The planned opening of Magellan’s 191-room St. Regis Chicago hotel was reported as delayed again because of supply-chain issues and the collapse of an Alinea Group deal; the February opening was described as more than a year later than originally planned, and Magellan said redesign work was required.
LEGAL 2020-09-09 (reported; lawsuit filed in early September 2020)
A buyer sued Magellan over a Vista Tower condominium, alleging that Magellan continued promoting Dalian Wanda’s involvement while knowing Wanda was seeking to exit and would not operate the finished hotel; the buyer sought to cancel the purchase and recover approximately $1.5 million in deposit and $1.74 million in other costs, while Magellan had said Wanda was still fully engaged.
DELIVERY DELAY 2022 and December 31, 2024 deadlines; status reported January 11, 2026
Hudson’s Detroit, a Bedrock development on which Magellan Development Group was brought in as a development consultant, missed its originally stated 2022 completion date and the later December 31, 2024 substantial-completion deadline; as of January 2026 the skyscraper portion was still being outfitted and its hotel and condos were expected to open in 2027.
DELIVERY DELAY Commitment reported January 11, 2021; continuing non-delivery reported February 11, 2026
Magellan Development Group’s Lakeshore East Parcel O tower at 193 North Columbus Drive was publicly described in January 2021 as planned to start construction in fall 2021 and finish in spring 2024, but in February 2026 the site was still being marketed as land where a tower was planned, documenting non-delivery against that commitment.
PROJECT CANCELLED December 13, 2017
Magellan Development Group and Lendlease’s proposed Lakeshore East Parcels I, J, K and L three-tower plan was rejected by the 42nd Ward alderman in December 2017 and would not move forward in its submitted form; the contemporaneous notice left open the possibility of a materially revised proposal.

Record status

active
Coverageactive
Tracked sinceOctober 10, 2026
Last checkedOctober 11, 2026 this month
Profile last researchedOctober 11, 2026
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For informational purposes only. This information is not investment, financial or credit advice and should not be relied on for investment, lending or credit decisions. Records may be incomplete or outdated. Verify information independently and seek qualified advice before making a decision.