CCAC Hears From Magellan Development Group President David Carlins, Highlighting the Vista Tower Project

CCAC would like to thank David Carlins, President of Magellan Development Group L.L.C. for hosting CCAC’s monthly luncheon on Tuesday, May 9th at their newest development, the Vista Tower Sales Gallery.  Carlins discussed the development of the Vista Tower, his experiences in securing foreign real estate investment to fund the new Vista Tower Project, and the cultural barriers between China and the United States.

The Vista Tower Project, slated to be completed in 2020, will be the 3rd largest building in Chicago. Overlooking the 6-acre Park at Lakeshore East, the Vista Tower will be a focal point for everyone in the neighborhood. The building is centrally located and will have convenient access to everything including Maggie Daley Park, Millennium Park, lakefront, Riverwalk, the Loop, Chicago Business District and will connect to the Chicago Pedway system.  

(L:R) Greg Hummel, Partner, Bryan Cave LLP; David Carlins, President, Magellan Development Group LLC; Kelly O'Brien, Executive Director, CCAC; and Steve Galler, Executive Vice President and General Counsel, The Habitat Company. 

Designed by Studio Gang, Vista Tower will rise 100-stories. The elegant design of the building creates the illusion that you are seeing three towers, when in fact, there is only one tower. The bottom 12 floors of Vista Tower are dedicated to the Wanda Vista Hotel. The five-star hotel containing approximately 200 rooms, is the first of its kind in America. Residents will have access to a wide range of amenities including an indoor pool, full spa including gardens, fine dining restaurants, and recreational facilities. This development is expected to create over 2,000 construction jobs, and over 500 permanent on-site jobs.

Our members were pleased to visit the Vista Tower Sales Gallery. The 10,000-square foot space offered our members & potential residents an in-depth look at the building and its luxurious accommodations. The Vista Tower Sales Gallery has a full model kitchen, full model master bathroom and a viewing room, depicting the views from 16 different elevations, both day and night.

Carlins shared with the group, the joint processes to secure real estate investments with his international partner, Wanda Group, a Chinese private developer corporation.  The economic, political, and global obstacles that Magellan Development Group overcame required tremendous vision, determination, and innovation. Limited foreign investments for housing developments in Chicago displayed the necessity and promising opportunities that a globalized economy can present to promote housing development in U.S. cities.  Carlins also discussed the process of working with the City, on the various institutional procedures that development projects are subjected to routinely, such as notifying city officials, and receiving clearances for zoning and land use regulations.

As Carlins concluded, he explained how the site and design selection for Vista Tower were integral components in making the project possible and marketable for foreign investment. He encouraged our members to continue the pursuit of the broader global market, in their respective fields, to enhance Chicago’s national competitiveness. 

David Carlins, President, Magellan Development Group LLC addressing the CCAC Audience at the May 9th Lunch.

Tuesday, June 13, 2017 at Perkins+Will

Join us at Perkins+Will on Tuesday, June 13, 2017 for the next CCAC meeting hosted by Gina Berndt, Managing Director, Perkins+Will.

	WHAT:	CCAC JUNE MEETING
	DATE:	Tuesday, June 13, 2017
	TIME:	12:00 -- 1:30 p.m.
	LOCATION:	Perkins+Will The Wrigley Building 410 N. Michigan Avenue Suite 1600 Chicago, IL 60611
	HOST:	Gina Berndt Perkins+Will
	RSVP TO:	Kelly O'Brien at kobrien@ccac.org

Join us as we delve in-depth to the potential, broader options for housing in Chicago. From examining affordable housing, to amenity-rich high-rises, to micro living, we will examine a range of tenant populations – from Gen Z, to Millennials, to Boomers – so we can begin to think about evolving the market to accommodate more options and more people, while positioning new developments that are in alignment with the surrounding community’s goals and aspirations.

CCAC Special Programming: Have You Reserved?

Go behind-the-scenes of the legendary home of the Chicago Cubs and 2016 World Series champions with Wrigley Field Tours. Special insights will be shared by CCAC Member and Wrigley Historian, Brian Bernardoni, Senior Director of Government Affairs and Public Policy, Chicago Association of Realtors. Built in 1914, this must-see Chicago attraction houses more than 100 years of history. This is a 75-90 minute guided tour. Tours are outdoor walking tours (approximately 1 mile) conducted in rain or shine. Please dress accordingly. Attractions to see include: Seating bowl, Press box, Budweiser Bleachers, Visitors' clubhouse, Cubs' dugout, and Field. 

Cost is $40 per person. Confirm your seat today!

Please note, the tour begins at 5:00 pm.

For more information and to reserve your seat, please e-mail Shalora Jasper, sjasper@ccac.org.

Tour of Northerly Island

Join us to learn about the History, Framework Plan & Design, Construction, and Program & Future Planning for Northerly Island. Speakers include: Claire Cahan, StudioGangArchitects, Gregg Calpino, SmithGroup JJR, Teishetta Daniel, Chicago Park District and Bob Foster, Chicago Housing Authority, formerly with the Chicago Park District. Transportation will depart from the law office of Bryan Cave LLP and CCAC Headquarters, 161 N. Clark Street, at 5:00 pm.

The tour begins at 5:30 pm with a Happy Hour to follow.

For Membership Information and to RSVP contact Shalora Jasper at sjasper@ccac.org

Illinoisans are Taking Action--Please Join Them

Do you want Illinois to miss out on more high-speed internet and stronger wireless service that connect you to family, friends, TV, movies and public safety responders?

If not, you can help. CLICK HERE to contact your state legislators.

Time is running out for state lawmakers to pass a law that will bring those benefits to Illinois. 

Other states already passed a modern communications law, but Illinois has fallen behind.

More investment in high-speed internet and stronger wireless service will also create jobs in our state.

Don’t let Illinois miss out.

You can make it happen. Join other Illinois residents asking lawmakers to take action now.

It’s quick and easy to send them a message. Just click below.

https://engage.att.com/ModernizeIllinois4/ 

Connector Project Manager Featured In Crain's Article: The Surprise in Chicago's Latest Census Talley

Political Columnist, Greg Hinz, published an article in Crain's Magazine on May 26, 2017 titled, "The Surprise in Chicago's Latest Census Tally." In the article, Hinz stated the new Census shows large American cities, such as Chicago has lost population three years in a row.

Hinz verified this information with local demographer and CCAC consultant, Ed Zotti. 

"According to Ed Zotti, who works with the Central Area Committee on demographic and transportation matters, Chicago looks much worse than Los Angeles and New York if you look at overall population. Specifically, according to American Community Survey data collected by the U.S. Census Bureau, the city population grew just 0.5 percent between 2010 and 2015, a fraction of the 3.4 percent rise in Los Angeles and the 4.3 percent pop in New York City."

CCAC is proud to have Ed Zotti on our team as the Connector Project Manager and author of the Connector White Paper.

Click the link below to read the full article.

CCAC Addresses the Chicago Chapter Appraisal Institute

(L:R) Barton DeLacy, DeLacy Consulting LLC; Kelly O'Brien, Executive Director, CCAC; and Kevin Byrnes, Byrnes & Walsh, LLC, President, Chicago Chapter Appraisal Institute

The Appraisal Institute is a global association of real estate appraisers, with nearly 23,000 valuation professionals in about 60 countries throughout the world. Organized in 1932, its mission is to advance professionalism and ethics, global standards, methodologies and practices through the professional development of property economics worldwide. Founded in 1991, the Chicago Chapter serves real estate appraisers and professionals in allied fields in the Chicago Metropolitan Area. CCAC Executive Director Kelly O'Brien gave a presentation entitled: "Politics and Why You Should Care About Regional Economic Development." O'Brien provided an overview of both the CCAC and its partner organization the Alliance for Regional Development and the respective organization's initiatives.

CCAC Young Leader Connector Sprint

In response to the rapid growth of the Chicago central area as the primary economic engine of the region and the near-capacity ridership of CTA trains that has come with it, the CCAC proposes the construction of a new transit line - the Connector.

To anticipate the impact of future transit stops along an extension from the City’s core, the CCAC Young Leaders Group is organizing a Sprint to envision the potential for one neighborhood - Jackson Park. The sprint will be held Wednesday-Friday, September 27-29 at Forum Studio.

5:30 pm- Introduction, Teams & Format, Stakeholder Dinner

9:00 am: Bagels & Coffee

10:00 am: Stakeholder Interviews

12:00 pm: Full Day Work Session

7:00 pm: Working Dinner

9:00 am: Bagels & Coffee

4:00 pm: Final Presentations

5:00 pm: Reception

Participants in the workshop will focus on how transit can unlock economic development opportunities that enrich the existing community and integrate the Obama Presidential Center plans.

For more information and to register, e-mail Shalora Jasper at sjasper@ccac.org.

SAVE THE DATE

For more information, please contact Executive Director, Kelly O'Brien at kobrien@ccac.org. 

Do You Have A Facebook Page? A Twitter Account? A LinkedIn Page? Connect with CCAC!

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