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Cain International Provides $117M Development on South Loop Resi Tower
Cain International, the privately held investment firm led by Jonathan Goldstein, has closed a $117-million development loan to Lendlease and Aware Super for the delivery of The Reed at Southbank, a 513,400-square-foot, 440-unit residential tower in Chicago’s South Loop. The tower includes 224 rental apartments and 216 for-sale condominiums.
Matthew Rosenfeld, head of US debt at Cain International, said, “Cain has firmly established its US portfolio with projects in New York, Miami, Los Angeles, and beyond; with The Reed, we’re making a significant stride into the Chicago market – one of the largest and most important in the country. Moreover, Lendlease and Aware Super represent a world-class partnership with deep local roots, and who share our conviction in the resiliency of urban living.”
The Reed is the second phase of Southbank, a seven-acre master plan. The project is expected to be completed in 2023.
- ◦Development
- ◦Financing


