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Magellan Gets Loan for 'Building A'; Construction to Begin Soon

More good news from Lakeshore East: Magellan Development landed a $99.5-million construction loan for Building A, the still-nameless 499-unit apartment building the company is building at 345 E. Wacker Dr. Magellan President David Carlins confirms to Crain's that construction on the 45-story, BKL-designed tower will begin within the next couple of weeks. And it sounds like site prep has already begun. The new building is scheduled to be completed in February 2013.
· Magellan lands construction loan for Lakeshore East apartments [Crain's]
· Renderings of New 49-Story Tower at Lakeshore East Released [Curbed Chicago]