Magellan Development Group

10/08/2026

Magellan Development Group was proud to co-host the inaugural YES Chicago event alongside Magellan Investment Partners, CBRE and JLL at The St. Regis Chicago.

The morning brought together leaders from across the public and private sectors for timely conversations about Chicago’s business environment, economic development, real estate, and the opportunities shaping the future of our city and region.

We were honored to welcome an outstanding group of speakers, including Illinois Secretary of State Alexi Giannoulias, Illinois Comptroller Susana Mendoza, Cook County State’s Attorney Eileen O’Neill Burke, Cook County Assessor Pat Hynes, and Hannah Loftus of World Business Chicago, along with real estate leaders from JLL and CBRE. The morning’s conversations were moderated by J.R. Berger of Magellan Development Group and David Levin of Magellan Investment Partners.

Thank you to our speakers, moderators, partners, and guests who joined us for this first YES Chicago gathering. We’re proud to help create a forum for thoughtful conversation, collaboration, and continued investment in Chicago.

And of course, no Chicago event is complete without lunch from a few local favorites!

Here’s to the inaugural YES Chicago and to continuing the conversation about what’s next for our city.

Photos by: Francis Son Photography
Chicago food partners: Lou Malnati's, Mr. Beef on Orleans, Dave's Red Hot, Spot Bistro, Jeppson's Malort

08/05/2026

Big things are happening in Fulton Market! We're thrilled to be part of a groundbreaking project that is setting a new benchmark for sustainable development. Chicago's first geothermal-powered, all-electric multifamily high-rise is officially under construction, and we can't wait to see this innovative community come to life!

https://www.contractormag.com/green/geothermal/news/55395410/chicagos-first-geothermal-all-electric-high-rise-breaks-ground

07/22/2026

Construction is officially underway on Magellan's first fully electric multifamily high-rise in Chicago's Fulton Market. We look forward to delivering an innovative, sustainable community that sets a new standard for modern city living.

Chicago-based Tree Street Group, together with development partners Magellan Development Group and Mark Goodman & Associates, has announced that they have closed on construction financing with Bank OZK, who provided a senior loan, and junior capital from Beach Point Capital and Circle Property Partn...

06/24/2026

We’re excited to share a major milestone for Magellan Development Group as we partner with Arctos Sports and RVX to launch a first-of-its-kind national platform focused on sports-anchored mixed-use developments. The partnership brings together industry-leading expertise in sports, entertainment, investment, and transformative real estate development to create dynamic destinations that connect communities, fans, and economic opportunity. The platform’s inaugural project is the Neyland Entertainment District in Knoxville, Tennessee, a vibrant waterfront destination adjacent to the University of Tennessee’s iconic Neyland Stadium.

We’re proud to help shape the next generation of sports and entertainment districts across the country.

https://bit.ly/4gDJnrK

12/25/2025

We’re proud to partner with Fulmar Development Partners on a transformative riverfront project in downtown Grand Rapids. With MSF’s approval, this $795M development will bring new residential, office, and hotel spaces to the city while reimagining a key downtown site. Looking forward to shaping a vibrant, connected riverfront for the future.

Michigan Approves Transformational Brownfield Plan for $795M Fulton & Market Riverfront Development in Grand Rapids.

10/17/2025

Big congratulations to J.R. Berger, President of Magellan Development, on being named to Crain’s Chicago Business 40 Under 40 Class of 2025!

J.R. continues to shape Chicago’s skyline and civic future through visionary leadership, strategic development, and a deep commitment to community impact. From high-rise innovation to philanthropic engagement, his work reflects the best of what Chicago has to offer.

We’re proud to see his contributions recognized among the city’s most influential young leaders. Here’s to building bold futures - one project at a time.

https://www.chicagobusiness.com/awards/meet-crains-40-under-40-class-2025

Chicago's future is being built by this year's 40 Under 40 honorees.

09/22/2025

Magellan is proud to announce our partnership in the transformational Fulton & Market development in downtown Grand Rapids. This landmark project will bring high-rise residential living, retail, office space, a luxury hotel, and vibrant public access to the Grand River.

Magellan Development Group will oversee the $797M Fulton & Market development that aims to transform a sprawling riverfront parking lot into a vibrant, mixed-use development with three high-rise towers.

08/01/2025

Heading to Lollapalooza this weekend? While you’re soaking in the sound, don’t forget to look up—Magellan’s Lakeshore East is part of the architectural backdrop that defines the Chicago skyline.

From the fluid lines of Aqua Tower to the crystalline elegance of the St. Regis Chicago, this neighborhood is a showcase of bold, award-winning design. Nestled at the intersection of the Loop, Millennium Park, and Lake Michigan, Lakeshore East reflects what’s possible when urban planning, architecture, and nature come together.

Magellan isn’t just shaping real estate—they’re helping to sculpt Chicago’s skyline for the next generation.

**Picture taken from the 84th floor of the stunning St. Regis Residences in Chicago overlooking all the Lollapalooza festivities!

06/20/2025

We are excited to introduce the latest addition to Magellan’s Artist-in-Residence program, Trevor Tisdale! Welcome to the Magellan family! We look forward to enjoying more of your music throughout the year!

06/11/2025

This past weekend, we had the incredible honor of hosting the 18th Annual Magellan Rewards Festival in The Park at Lakeshore East — and what a celebration it was! With 70 amazing vendors and thousands of residents coming together, the energy, community spirit, and joy were truly unforgettable.

We want to extend a heartfelt thank you to our Lakeshore East community for showing up with such enthusiasm, and to every Magellan Rewards vendor who brought their best to make this event one of our most memorable yet.

At Magellan Development Group, we're proud to build more than just buildings — we build communities. And events like this remind us just how special ours truly is.

Here’s to 18 years of connection, celebration, and growth — and to many more to come!