Lendlease, Magellan top off $300 million Lakeshore East towers

The Cascade tower

Lendlease and Magellan Development Group say they have topped off two towers on Lakeshore East, with an overall $300 million construction value, according to Chicago building permit filings.

The projects are Cirrus, a 47-story, 350-unit condominium tower at 211 N. Harbor Dr., and Cascade, a 37-story, 503-unit apartment tower at 455 E. Waterside Dr., which the developers say represent one of the final phases of the Lakeshore East master plan in downtown Chicago.

A Chicago building permit issued in February, 2020 indicates that the Cirrus building has a permit value of $150 million. Titan Electric LLC, All Masonry Construction Co. Inc., Norman Mechanical and Advance Mechanical provided key subcontracting services.

The Cirrus tower

The 455 E. Waterside structure has a similar $150 million permit value, with the same subtrades, according to the permit issued on Oct. 30, 2019.

The developers also announced that adjacent Cascade Park, a publicly accessible green space connecting Cirrus and Cascade to the lakefront and Chicago Riverwalk, will open ahead of schedule in summer 2021. The buildings, designed by bKL Architecture, are two of three towers planned for the site, where Lake Michigan meets the Chicago River.

“The virtually uninterrupted progress we’ve made on Cirrus and Cascade over the past year reflects the commitment we have made to downtown Chicago, and we are thankful for the hard work and diligence of every individual who helped achieve this milestone,” said Ted Weldon, executive general manager of development for Lendlease’s Chicago office. “With these buildings reaching their full height and Cascade Park taking shape, buyers and renters can preview the sweeping waterfront views and abundance of open space that will create a lakefront living experience rooted in community, wellness and sustainability.”

Cascade Park
Cascade Park

Cascade Park, the 0.8-acre green space designed by Claude Cormier + Associés, will include passive wellness features, pathways, outdoor living rooms for recreational use, terrace seating and a dog run. “Although privately developed and maintained, Cascade Park will serve neighbors in the surrounding community, establishing an activated connection to the lakefront and Chicago Riverwalk in two ways: its terraced landscape design that slopes from North Harbor Drive to Lower Lake Shore Drive, and a new bike and walking path that connects Lakeshore East Park in the heart of the neighborhood to the Lakefront Trail,” the developers say in a statement.

“As a cornerstone of the Lakeshore East master plan, Cirrus and Cascade are situated on one of the most prominent sites in downtown Chicago, with protected lake, river and city views,” said Sean Linnane, executive vice president for Magellan Development Group. “The community’s range of floor plans and extensive amenity offerings prioritize connectivity to the outdoors and appeal to a wide spectrum of buyers and renters, from individuals and young families looking to establish their first home to empty-nesters who are leaving their suburban homes behind to enjoy urban life.”


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