Lendlease Launches First For-Sale Residential at Southbank Development
Lendlease has broken ground on The Reed, a 41-story, 440-unit residential tower at 234 W. Polk St. in Chicago’s Printers Row neighborhood. The Reed represents the second residential tower and first for-sale offering in Lendlease’s Southbank development, a seven-acre master plan situated along the Chicago River’s South Branch.
Designed by Perkins and Will, The Reed features 216 condominiums on floors 23-41 and 224 rental apartments on floors 9-22. Delivery is scheduled for 2023.
“Our ability to break ground on The Reed is a testament to the resilience of downtown Chicago – where we have completed or broken ground on nearly 2,300 residential units in the past several years – and underscores Lendlease’s bullish outlook on the future of urban living,” said Ted Weldon, executive general manager of development for Lendlease’s Chicago office. “This highly anticipated second phase of Southbank will allow new and existing residents to establish more permanent roots here.”
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 GlobeSt.com 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).