Regions Midwest
Magellan Development Launches Magellan Project Services
July 22, 2008

Magellan Development Group, a Chicago-based  residential developer, has created a consulting service – Magellan Project Services – to assist financial institutions coping with development challenges or underperforming assets in the current difficult real estate environment. The company's vice president Brian Gordon has been named president of the new Magellan Project Services affiliate. Magellan is currently developing the $4 billion Lakeshore East, an award-winning 28-acre mixed-use community  near Lake Michigan and the Chicago River. In addition to its headquarters base in Chicago, Magellan has also established a Western division for Project Services under the supervision of Robert Pontarelli, recently senior vice president of the Ryness Co.’s Urban Division. In that post Pontarelli has been involved in directing and consulting urban high-rise developers and sales and marketing teams in California, Oregon, Washington, Nevada, Arizona and Colorado. 

 
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