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More Details About Magellan's Plans for "Building A" Emerge

The were a couple of lingering questions about Magellan Development's planned 49-story rental high-rise after we wrote about it on Monday. When will construction begin? Are they really calling it "Building A"? What will Magellan do with the 18,000 square feet of commercial space? In his weekly column, the Sun-Times' David Roeder looked into some of these things. Magellan co-CEO Joel Carlins confirms that they haven't selected a name for the tower just yet, but like all the other Lakeshore East towers, it will likely have a nautical theme. So for now, it's still "Building A." The glassy high-rise is said to cost $150 million to build, and Magellan is still working to secure financing, but they plan to break ground in June, according to Roeder. And as for that commercial space, it sounds like the developer is leaning towards a restaurant — a Barrier Reef-themed restaurant, perhaps?
· Development group plans more rentals with new downtown tower [Sun-Times]
· Renderings of New 49-Story Tower at Lakeshore East Released [Curbed Chicago]