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.”
- ◦Development