Alderman announces new high-rise developments in Lakeshore East

Lakeshore East is growing up, and growing up fast. Just as the first few floors take shape of what will be Chicago’s third-tallest tower, the Wanda Vista, plans for more Lakeshore East high-rises are ready to be unveiled.

Proposed plans will be revealed at a public presentation hosted by Alderman Brendan Reilly and the New Eastside Association of Residents. Chicago-based Magellan Development Group, in association with Australian company Lendlease Development Inc., will present building renderings and proposals at the community meeting, which will take place July 10 at 6 p.m., at the Hyatt Regency Hotel (151 E. Upper Wacker Dr.).

The proposed developments are located at “Site O” (195 N. Columbus Dr.) and four sites near Lake Shore Drive that will add over 2,000 residential units and 900 hotel rooms to New Eastside.

Magellan Development, the developer of Lakeshore East since 2001, has completed nine buildings in the New Eastside neighborhood. If the proposed plans become a reality, Magellan Development will be responsible for a total of 14 towers in New Eastside.

Community Presentation for Proposed Developments in Lakeshore East Monday, July 10, 6- 8 p.m. Hyatt Regency Hotel, Regency Ballroom, West Tower A 151 E. Upper Wacker Dr.

Elaine Hyde, Editor

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