Magellan Development Group
Overview
Real estate development agency Magellan Development Group is located in Chicago. The company has spent the past 15 years developing award-winning residential and mixed-use high-rise apartments and commercial buildings throughout the city’s downtown. Since 1996, Magellan Development Group has completed 21 innovative projects that created over 6,600 residential units and 517,000 square feet of commercial space.
A forerunner in developing green buildings, the company recently completed Chicago’s first LEED (Leadership in Energy and Environmental Design) Silver-certified residential building. The Group continues to implement green roofs, parks, open space, and low thermal emissivity tinted glass into their residential and commercial space developments.
Magellan Development has received over 60 honors, including the 2011 International Real Estate Federation (FIABCI) Prix d’Excellence Award, for Aqua at Lakeshore East; the 2011 International Property Award, also for Aqua; the 2011 Engineering News Record award; the 2010 Chicago Architecture Foundation award; and the 2010 American Institute of Architects, Chicago, Distinguished Building Award.
Some of the affiliate companies of the Group include Magellan Realty LLC, a brokerage company; Magellan Project Services LLC; Loewenberg Architects; NNP Residential, an apartment leasing and property management company; Joel M. Carlins & Associates, Ltd., a legal services provider; and Chicago Signature Properties, an apartment locator.
Charities supported by the firm include Chicago Youth Programs, Inc., the Northwestern Brain Tumor Institute, and the Ogden School Scholarship Program. Magellan also supports the Greater Chicago Food Depository and the Navy SEAL Foundation.
The development company is a member of the Urban Land Institute, the Chicago Architecture Foundation, the Chicago Association of REALTORS, the Chicagoland Apartment Association, and the National Apartment Association.