Lendlease, Magellan Launch Pre-Leasing at Lakeshore East Tower
Lendlease and co-developer Magellan Development Group launched pre-leasing at Cascade, a 37-story, 503-unit luxury apartment tower at 455 E. Waterside Dr. in Chicago’s Lakeshore East neighborhood. First move-ins are expected this summer, coinciding with the opening of adjacent Cascade Park.
Apartments at Cascade, the first standalone rental property developed in Lakeshore East in nearly a decade, will feature studio to three-bedroom floor plans spanning 509 to 1,332 square feet. Rents start at $1,650 per month for a studio.
“Residents can now secure their new home at the coveted intersection of Lake Michigan and the Chicago River — a truly rare offering in Chicago’s downtown rental market,” said Ted Weldon, executive general manager of development for Lendlease’s Chicago office. “We went to great lengths to preserve view corridors and connect this community to the city at large through a series of infrastructure improvements that benefit residents and neighbors alike.”
- ◦Development