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. 

Magellan has received over sixty awards for excellence. The company broke new ground with the award-winning Aqua building by combining retail, commercial, rental apartments, condominiums, town homes, and a hotel into a single tower. Magellan and its affiliates have designed and developed a wide variety of award-winning projects including multifamily, commercial, institutional, governmental, educational, medical and hospitality uses. 

Magellan’s vision for its master-planned Lakeshore East community has transformed a challenging and complex site into one of the crown jewels of the City – a $4 billion, 28-acre neighborhood which skillfully interweaves green and open space throughout the development. It is truly a village in the heart of the City. Currently, approximately 60 percent complete, Lakeshore East will ultimately be home to nearly 10,000 residents, along with hotels, businesses, GEMS World Academy, Mariano's, restaurants and retail shops/services. 

Magellan is a fully integrated development company designed to provide comprehensive real estate services including development, architecture & design, construction management, sales and marketing, leasing and property management.

Commercial Real Estate

Property Development

Property Management

Residential

Magellan Development Group LLC

Magellan Development Group LLC's headquarters in Chicago, IL, United States

This department manages the leasing process and provides assistance to clients seeking rental properties.

Leasing Operations

The Leadership Team at Magellan Development Group LLC is responsible for steering the company's strategic vision and ensuring its successful execution across various projects. This team, composed of senior executives including multiple Executive Vice Presidents, the Chief Financial Officer, and various Vice Presidents, collaboratively oversees all aspects of development, from architecture and design to sales and property management. They provide expert guidance, make key financial decisions, and foster relationships with lenders, institutions, and investors, ensuring the company maintains its esteemed position in the real estate industry.

Leadership Team

The Property Management Team at Magellan Development Group LLC is responsible for overseeing the daily operations and maintenance of residential and commercial properties within the company's vast portfolio. This team ensures high standards of property upkeep, facilitates leasing operations, manages tenant relations, and coordinates with other departments to deliver comprehensive real estate services. Their work includes handling maintenance requests, leasing vacancies, enforcing lease agreements, and enhancing tenant satisfaction to maintain the value and appeal of Magellan's high-rise and mixed-use developments.

Property Management Team

The Finance Team at Magellan Development Group LLC is responsible for overseeing the company's financial health, ensuring accurate financial reporting, managing accounts payable and receivable, budgeting, and financial planning. This team also handles property accounting, closing transactions, and maintaining compliance with financial regulations, all under the leadership of the Chief Financial Officer. Their work supports Magellan's large-scale real estate projects and helps maintain the company's favorable financial position.

Finance Team

The Marketing Team at Magellan Development Group LLC is responsible for crafting and executing strategic marketing campaigns to promote the company's high-rise residential, mixed-use, and commercial real estate projects. This includes developing brand identities, creating compelling visuals, managing digital and traditional marketing channels, and organizing promotional events. The team collaborates closely with other departments to ensure cohesive messaging and contributes to the ongoing success and recognition of Magellan’s diverse portfolio.

Marketing Team

This department focuses on the planning, design, and execution of real estate projects.

Real Estate Development

This department is responsible for overseeing and maintaining the organization's IT infrastructure and system operations.

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Other teams

Leadership Team

Property Management Team

Finance Team

Marketing Team

Real Estate Development

Infrastructure Management