Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Chicago & Midwest  + Downtown  + Apartments  | 
The reed residential development Lendlease Southbank South Branch Chicago River

Lendlease Tops Off on Latest South Loop Residential Tower

Lendlease has topped off The Reed, its 41-story, 440-residence community at 234 W. Polk St. in Chicago’s South Loop. The riverfront tower is the second residential building and first for-sale offering within Lendlease’s seven-acre Southbank master plan. 

“As The Reed has risen, so has the resurgence of interest in urban living, with buyers and renters showing a clear preference for developments whose locations, like Southbank, strike the right balance between walkability and connectivity to the natural world,” said Ted Weldon, executive general manager of development for Lendlease’s Chicago office.   

The Reed features 216 condominiums and 224 rental apartments, with delivery scheduled for summer 2023. The one-, two- and three-bedroom for-sale homes range from 630 to 1,670 square feet and are priced from the low $400,000s to $1.4 million. 

Lendlease is targeting LEED Gold and Fitwel certification for The Reed, in common with its other Chicago multifamily developments. 

Connect

Inside The Story

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 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).

  • ◦Development
New call-to-action