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Lendlease Commences Pre-Leasing at Southbank Residential Tower

Lendlease, a leading global real estate and investment group, has begun pre-leasing at The Reed at Southbank, located at 234 W. Polk St. in Chicago’s South Loop. A 41-story residential tower including rental and for-sale homes, The Reed is the second building Lendlease is developing as part of Southbank, its seven-acre master planned community situated along the Chicago River. 

“The apartments at The Reed are coming online at a time when interest from renters has never been higher and inventory of newly constructed units is historically low,” said Ted Weldon, executive general manager of development for Lendlease’s Chicago office. 

The Reed features 224 rental apartments on floors nine through 22, including studio to three-bedroom floor plans ranging from 544 to 1,417 square feet. Rents begin at $2,160 for studios, $2,230 for convertibles, $2,500 for one-bedrooms, $3,710 for two-bedrooms and $5,325 for three-bedrooms. First move-ins are expected in late May. 


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Lendlease Chicago

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).