Last week, structural work reached the 510-foot-tall pinnacle of a new 47-story mixed-use skyscraper, located at 300 N Michigan Avenue in The Loop. The development is a joint-partnership between Sterling Bay and Magellan Development Group, whose plans entail a combination of retail in the base, a hotel on floors six through 15, and apartments on floors 17 through 45.
Magellan Development Group
This week, the 37-story apartment tower known as Cascade and the adjacent Cascade Park both officially opened in Chicago’s Lakeshore Eastc neighborhood. Lendlease and Magellan have co-developed the overall project, which includes Cascade tower, a taller 47-story condominium tower known as Cirrus, and the public Cascade Park located at the foot of the towers.
Construction has is nearing the 40-floor mark for 300 N Michigan Avenue, a 47-story mixed-use skyscraper located at the corner of Michigan & Wacker in The Loop. Co-developed by Sterling Bay and Magellan Development Group, the 523-foot-tall tower will provide a combination of retail, hotel, and apartment programming. The first three floors will comprise of the 25,000-square-foot retail portion, while a 280-room citizenM hotel will occupy floors six through 15. The majority of the tower will be occupied by the residential section, with 289 units spanning floors 17 through 45.
Exterior work continues around the hotel portion of the partially-complete St. Regis Chicago (formerly Vista Tower), a 101-story mixed-use skyscraper in Lakeshore East. Rising 1,191 feet at 375 E Wacker Drive, this supertall tower now ranks as Chicago’s third tallest building. Developed by Magellan Group, the tower will house a 191-key hotel on the first 11 floors, while the remaining floors will comprise of 393 condominiums. St. Regis Hotel and Resorts, a subsidiary of Marriott International, manages both the hotel and residential portion.
Construction is nearing completion for Cirrus and Cascade, two residential towers rising at 211 N Harbor Drive and 455 E Waterside Drive, respectively, in Lakeshore East. Developers Magellan and Lendlease have co-planned the project, which occupies Parcels J, K, and L within the original Lakeshore East masterplan.