NNP Residential & Development and Magellan Development Group have formed a new corporate partnership under the Magellan name. Magellan will continue to steer development activity, while the NNP Residential division of the new company will focus on property management and apartment marketing services. All Magellan and NNP Residential affiliates, including Loewenberg Architects will continue to operate autonomously.

The partnership between NNP and Magellan peaked with the development of Lakeshore East. The $4 billion, 28-acre mixed-use community is rising where the Chicago River meets Lake Michigan. Formerly an Illinois Central rail yard and shipping port, the site was briefly a nine-hole urban golf course. The Lakeshore East development plan allows for 10 million sf of properties, including up to 4,950 residences, a 6-acre public park, 2.2 million gross sf of commercial space, 1,500 hotel rooms, 770,000 sf of retail and a proposed elementary school.

Our combined portfolio of condominium developments includes 21 West Chestnut Place; the Park Newberry; 630 North State Parkway; the Farallon; 600 North State Street; Admiral's Pointe; the Caravel; and the Park Alexandria and State Place. Our portfolio of apartment developments includes 2555 North Clark Street; Gold Coast Galleria; Landmark on the Lake in Milwaukee; One East Delaware Place; 1212 North LaSalle Street; Ontario Place; Grand Plaza; Park Millennium; One Superior Place; and Dearborn Place.