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 . News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.