
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.
- ◦Development