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LendLease, Magellan Unveil Revised Lakeshore East Plan

LendLease Development and Magellan Development Group have presented a revised proposal for their Lakeshore East residential development, following objections last December by Ald. Brendan Reilly over the initial plan. As before, the plan includes up to 1,700 residential units in three high-rises.  However, among other things, the new proposal adds more open space and drops plans for a 300-key hotel.

The revised proposal comes “after more than a year of thoughtful dialogue with Ald. Reilly, neighboring residents and other community stakeholders,” said LendLease’s Thomas Weeks.

“Through this collaborative process, we believe we have identified the highest and best use for one of the final phases of the Lakeshore East master plan, building on its reputation as a model for urban regeneration.”

Under Chicago tradition, the City Council won’t approve a zoning change for a real estate development within a ward without the approval of the ward’s alderman.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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