November 30, 2020
Magellan Development Group is rebranding its Vista Tower hotel-condominium project, slated to be Chicago’s third-tallest building upon completion, as the St. Regis Chicago following agreements with St. Regis Hotels & Resorts and the Alinea Group.
St. Regis will operate a 191-key hotel at the 101-story tower, which will also include 393 condo residences. The condos are scheduled to open in December. Both residents and hotel guests will have dining options provided by Alinea.
“We truly thank and appreciate our buyers for their continuous support and faith in Magellan to deliver a world-class product,” said David Carlins, Magellan’s CEO. “We’re thankful to our financial partners Goldman Sachs and J.P. Morgan.”
Goldman Sachs’ Peter Weidman said, “Our investment in The St. Regis Chicago is a vote of confidence in Chicago’s real estate and hotel market and a true testament to our longstanding relationship with the Magellan Development team.”
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Tags: Apartments & Multifamily, Condominium, Development, Hospitality, Restaurant
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