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No little plans: More than $20 billion of megaprojects in Chicago's pipeline

No little plans: More than $20 billion of megaprojects in Chicago's pipeline

Fifteen years after launching its Lakeshore East development on the site of a former nine-hole golf course, Magellan Development Group is in the early stages of building the real estate equivalent of a hole-in-one.

The 94-story Vista Tower condominium and hotel building, which will be the city's third-tallest when completed in 2020, is a $1 billion model for what can go right when developers dream big. The Jeanne Gang-designed skyscraper — like the $4 billion-plus Lakeshore East project surrounding it — is also an example of the type of complex mixed-use developments that have proved hardest to pull off in Chicago in previous construction cycles.

But not anymore.

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