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Chicago & Midwest  + Downtown  + Apartments  | 

Lendlease, Magellan Launch Move-Ins at New Lakeshore East Rental Tower

Move-ins have begun at Cascade, a 37-story, 503-unit luxury apartment tower developed by Lendlease and Magellan Development Group in Chicago’s Lakeshore East neighborhood. Reportedly it’s the first standalone rental property developed in Lakeshore East in nearly a decade, and the move-ins coincide with the opening of the adjacent Cascade Park.

“In less than two years, and despite the many challenges posed by the pandemic, we’ve fulfilled our vision of creating a modern, sustainable tower that places residents in the heart of downtown and about as close as they can get to Chicago’s dual waterfronts: Lake Michigan and the Chicago River,” said Ted Weldon, executive general manager of development for Lendlease’s Chicago office.

Cascade residents who plan to transition into homeownership can take advantage of a program allowing them to sign a contract for a condominium at Cirrus — Lendlease and Magellan’s adjacent 47-story, 350-unit condo tower that’s scheduled to open this fall — while they lease next door at Cascade. 

Photo credit: Dave Burk.

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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 13-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 15-20 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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