Aqua lands Blu

Magellan has found a hotel for the first 18 floors of the Aqua Tower. Partnering with the Carlson Group, Magellan will open a 334-room Radisson Blu in fall of 2011. The upscale brand of hotel is already popular in Europe and Asia, where it has 155 locations. This is the flagship  Blu for North America. Magellan's David Carlins says the operator was hesitant to start building out  until most of the condo and hotel units on upper floors were sold (apartments are now 99% leased, and condos 87% sold). All three elements will share the common area amenities, including pools and the fitness center.

Continue reading this story with a free account

Log in or register
Related Topics: Aqua Tower , David Carlins , Radisson Blu
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

California Investor Scoops Up Amazon Warehouse: The Chicago Deal Sheet

How Crystal Lake 'Connects The Dots' To Building Complete Community

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

First LaSalle Street Reimagined Conversion Opens In Chicago's Loop

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient