CHICAGO-Magellan Development Group has started construction on arental tower at Lakeshore East, a 28-acre community in downtownChicago. The 45-story rental tower, called Coast at Lakeshore East,will come up at 345 E. Wacker Drive.

The rental tower will have 499 apartments, 18,000 square feet ofoutdoor and indoor amenities, 18,000 square feet of retail spaceand a 272-car parking building. JPMorgan Asset Management is thedeveloper and McHugh Construction Co. is the general contractor.For the full story, go to Chicago Tribune .


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