Gallery on Wells (167 W. Erie) Now Accepting Leases for Summer 2017
Enter: Crisp lines of stark whites and bold blacks accentuated by statement works of art and photography. Built for those looking to immerse themselves in 540,120 sq. ft. of efficiently-designed, art-infused living quarters, The Gallery on Wells is River North’s newest residential attraction. Built by Magellan Development and MAC Management, the building is now accepting leases for its summer, 2017 opening.
“The unveiling of The Gallery on Wells perfectly illustrates the direction we are headed with building environments that support a creative’s lifestyle,” said David Carlins, President, Magellan Development Group. “The building enters the market right behind Exhibit on Superior, both characterized by their ability to welcome conversation and collaboration.”
The Gallery on Wells invites residents to gather outside of their apartment and explore their creative side with walls dressed in inspirational motifs. Decadent details are infused into select nooks of public and amenity spaces, including embossed textures and ribbed surfaces to create interest. Steps from the city’s top galleries, the building design is influenced by the juxtaposition of art and humankind and the role art plays on our emotions, with playful, abstract and impressionistic touches throughout.
Stimulating surroundings are everywhere. Greenery and blue skies paint the building’s amenity deck – the finest residential activity deck in River North. Favorable amenities don’t end here, as guests have direct access to Dollop Coffee, adjacent to the building lobby, as well as entry to the 640 N. LaSalle building which includes Wildfire, Taco Joint and several soon-to-be-named restaurants.
Back at the residences, panoramic views of River North and downtown can be seen from all corners of the building, which towers up to 39 stories with 442 residences, including studios, convertibles as well as one, two and three-bedroom apartments. Residents can take a dip in the outdoor pool, unwind in a private cabana or in the sauna, or re-energize at the state-of the-art fitness center, dog run and lounge, or activity and gaming area.
The Gallery on Wells was funded by Ullico through its subsidiary The Union Labor Life Insurance Company and its Real Estate Investment Group provided by Ullico Inc. Additional funding sources include National Real Estate Advisors, Wanxiang America RE Group, and Strand Advisors.
To learn more about The Gallery on Wells, visit www.rentatthegallery.com or contact (312) 625-2000 to arrange for a private tour.
ABOUT MAGELLAN DEVELOPMENT GROUP
Magellan Development Group is a family owned company that was founded in 1996. To date, Magellan is the premier developer of mixed-use properties in Chicago and extending its footprint to other major U.S. cities, including Minneapolis, Miami, Nashville, and Somerville, MA.
From conception to completion, Magellan looks after all aspects of the development process and has unique experience in interrelated fields of real estate design, construction management, development, development consultation, architecture, leasing, sales and marketing.
Magellan is responsible for the Lakeshore East masterplan and development, which is regarded as one of the most vibrant communities in the city of Chicago. The Lakeshore East community is an example of Magellan’s commitment to environmentally-sensitive urban communities, innovative design and high-quality construction. Since its founding, Magellan Development has completed over 25 large-scale, residential and mixed-use projects.
For more information on Magellan Development Group, please visit: http://www.magellandevelopment.com/.
ABOUT MAC MANAGEMENT
Established in 1980, MAC Management (“MAC”) is a real estate management and development company, which specializes in office, retail and residential real estate in Chicago, Illinois.
As an opportunistic, privately held real estate company, MAC is both an active and passive participant in a diverse range of real estate transactions across all stages of development. MAC seeks to leverage its deep roots in the Chicago community and in particular the River North neighborhood, as well as its decades of experience in real estate management and operations, to create and add value wherever possible.
For more information on MAC Management, please visit: www.macmgmt.com
ABOUT WANXIANG AMERICA RE GROUP
Wanxiang America Real Estate Group, LLC (“WAREG”) was formed in 2010 to invest in value-added real estate investments in the U.S. The principals rely on their expertise as developers and operators to source, underwrite and execute investments focusing on asset-level dynamics and intrinsic value. Efficiency is created by utilizing a flat organizational structure, practical business approach, large pool of discretionary capital and entrepreneurial mindset. Combining expertise, industry connections, efficiency and capital has allowed WAREG to carve out a niche in the market. WAREG is wholly owned by Wanxiang America Corporation which is the American subsidiary of Wanxiang Group.
ABOUT STRAND ADVISORS
Since 1976, the Strand organization has acquired, developed and financed a portfolio of real estate assets with a combined value of more than $6 billion. Strand has been actively involved in a number of real estate sectors, including: the development and acquisition of multi-family garden style and high-rise apartments and condominium projects; single family land and housing development; the development of multi-unit warehouse projects; and the acquisition of office building properties; and, the provision of mortgage financing to developers for residential and commercial developments throughout North America.
ABOUT NATIONAL REAL ESTATE ADVISORS
National Real Estate Advisors is a leading investment manager, specializing in build-to-core—developing and owning large-scale, urban commercial and multifamily projects for its institutional client accounts. National constructs investment portfolios of stabilized modern property assets—apartment, office, mixed-use, industrial, data center and hotel—with design features, technological enhancements, and amenities that can drive high tenant demand and create value for investors. The firm is a subsidiary of the National Electrical Benefit Fund.