The developers of Lakeshore East opened sales for the Chandler – the fifth highrise to be announced in the $4 billion mixed-use community – in May 2005, just as the first tower to be completed there reached the 98 percent sold mark. Magellan Development Group and NNP Residential & Development opened condo sales at the planned 286-unit tower with prices that ranged from the $190s for a 582-square-foot studio to $1.7 million for a 3,215-square-foot three-bedroom.

The centerpiece of the 35-story Chandler is the Shore Club, which features a fitness facility with an indoor rooftop pool, two landscaped rooftop decks, a private party room and a media room. The building also will have 10,000 square feet of retail space and indoor parking. The Chandler is scheduled for completion in 2007, while construction on the nearly sold-out Lancaster was completed in December of 2004.

5,000 homes in Lakeshore East

The massive new community sits between Randolph Street and Wacker Drive west of Lake Shore Drive, on 28 acres of Illinois Center land. Eventually, Lakeshore East will include nearly 5,000 homes as well as a new elementary school, 770,000 square feet of retail space and 1,500 hotel rooms in what’s being billed by development partners as a “village within the city.” The six-acre park at the center of the development was recently completed and has wireless Internet access. Other current Lakeshore East projects include the Regatta, a 44-story condominium tower slated for completion in mid-2006; the Shoreham, a 550-unit apartment tower completed in April 2005; and 340 on the Park, a 348-unit condominium building developed by LR Development in a joint venture with Magellan Development Group and NNP Residential & Development.

Early momentum

Benefiting from interest in other towers and the new community in general, the Chandler started with strong momentum, according to Joel Carlins, president of Magellan Development Group. “The market’s response to the Lakeshore East community has been overwhelming,” Carlins said. “Our waiting list for the Chandler reached 400 before we even began marketing.” Loewenberg & Associates is the managing architectural firm, with building design by DeStefano & Partners and interior design by Robert Pope Associates. In keeping with the modern look of the Lancaster, the Chandler will feature a glass-heavy façade with a graceful curve and a segmented design that breaks up the building’s scale.

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