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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.”

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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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