Since its inception in 1996, Magellan Development Group (“Magellan”) has established a reputation as a prolific and accomplished Chicago real estate developer. With unparalleled success, Magellan has mastered complex high-rise residential and mixed-use development. Magellan’s co-CEOs, Joel Carlins and James Loewenberg, together with President David Carlins, have successfully developed and completed twenty-one large-scale projects ($5 billion of residential, mixed-use and commercial) totaling over seven thousand residential units and an excess of a half a million square feet of commercial space. The company maintains a favorable financial position and fosters long-standing relationships with a variety of real estate lenders, institutions and investors.
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Latest News 4
Jun 26, 2023
Master Plan Approved for Two Building Somerville Lab Project
Dec 13, 2022
Plans Now Under Review for 980K SF Somerville Lab Project
Aug 30, 2022
Plans Modified for 900,000+ SF Gateway Innovation Center in Somerville
Jun 06, 2022
1.1 Million SF+ Somerville "Gateway" Project Site Sold for $200 Million
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