Structural work has now passed the ninth floor for the 41-story residential tower known as The Reed, located directly north of River City Apartments in South Loop. Under the address 234 W Polk Street, this new high rise is part of a large master plan known as Southbank. With Lendlease as the developer, this scheme includes the completed development “The Cooper” adjacently west, alongside a host of new public park spaces. Future plans include a pair of towers roughly the same height as The Reed, connected by a podium at their base.
Once completed, the current construction will offer a total of 440 units ranging between one- and three-bedroom layouts. These dwellings will be divided into 224 rental apartments on floors 9 through 22, while the upper floors will be occupied by 216 for-sale condominiums. For the condos, prices range from the $400,000s up through $1.4 million.
Each of the condominium units will come will come with nine-foot ceiling spans, metal finishes, wood plank flooring, and floor-to-ceiling windows. Kitchens will come with 3/4″ quartz countertops, Hansgrohe faucets, flat-panel European cabinetry, and Bosch and Whirlpool appliances. Within the bathrooms will be walk-in showers with large-sized tiling, integrated vanities, as well as chrome or black finishes.
Both apartments and condominiums will have an industrial chic interior style. With Perkins + Will as the architect, the exterior of the building carries a similar aesthetic with metal paneling and floor-to-ceiling windows. The side that faces onto the Chicago River will have a higher ratio of windows-to-panels in order to maximize views.
The main outdoor amenity deck atop the podium will span 15,000 square feet, and come with a pool, a patio, fire pits, tanning hills, and outdoor yoga available for the majority of the year. Other planned common spaces include a fitness center, co-working spaces, a demonstration kitchen, and a large open lobby with additional lounge areas. Residents will also enjoy access to an urban park and a 1,000-foot-long stretch of completed Riverwalk waterfront.
While there will be both bike storage and a parking for roughly 300 vehicles (the exact figure has not been confirmed), The Reed will also be closely connected to a range of nearby transit. Within just a 10-minute walking radius, residents will find stops for Routes 1, 2, 6, 7, 12, 18, 22, 24, 28, 29, 36, 37, 60, 62, 125, 126, 134, 135, 136, 146, 151, 156, and 157. Closest CTA L service includes the Blue Line at LaSalle station via a seven-minute walk northeast, as well as the Red Line at Harrison station via a seven-minute walk northeast. As far as additional rail lines, the site lies within a 15-minute walk from Union Station, with service for both Amtrak and the Metra.
With Lendlease also as the general contractor, full completion and move-ins are expected for 2023. The timelines for the remaining buildings have not yet been revealed.