In fourth place in Chicago YIMBY’s year-end countdown of tallest construction projects is The Reed, a 41-story residential high rise in South Loop. The 440-unit, 447-foot tower is being developed by Lendlease as the next installation in their Southbank masterplan. Situated under the address 234 W Polk Street, the project is the second tower to be built after The Cooper adjacently east, as well as two acres of parkland and a riverwalk running alongside the Chicago River’s south branch.
The programming will feature a roughly even balance of rental and for-sale units, with 224 apartments located in the lower half of the building and 216 condominiums on its upper level. These one-, two-, and three-bedroom condos span from 630 to 1,670 square feet in size, priced starting at $400,000 up to a maximum value of $1.4 million.
Future residents of this development will have more open views from many of the units, as well as easy access to Southbank Park and River Walk, Grant Park, and the nearby Lake Michigan. Within the residence interiors will be industrial-chic interiors with floor-to-ceiling windows, wood plank hardwood floors; Bosch appliances in the kitchen including quartz countertops plus an expansive island with steel legs; bathrooms fitted with custom vanities along with Kohler and Hansgrohe fixtures.
There will be a large amenity pool deck with an outdoor kitchen with grilling stations, dining areas, and various seating alcoves. Inside will be a bar and lounge accessible directly from the pool deck. For those working from home, communal seating areas double as workspaces. On the same level, there will be an indoor/outdoor fitness center with dedicated HIIT and yoga spaces, cardio and strength-training equipment, a show kitchen, a virtual sports simulation room, and salon and massage rooms.
Condo owners will also have access to a second-floor amenity suite with a fully-equipped kitchen, additional workspaces, and an outdoor terrace that overlooks the riverfront.
The Reed, designed by Perkins + Will, features a facade of glass and dark metal patterns. On the west side, in particular, there is a higher glass-to-metal ratio for more open river views. Its 300-vehicle garage levels will be open air and wrapped in a metal screen wall. An even bigger area of the Riverwalk extension lies beneath the parking level, due to The Reed’s podium being situated further back.
The area around the building offers a variety of transportation options, such as Divvy Bike stations and CTA L service for both Red and Blue Lines within seven minutes on foot. There are numerous bus stops nearby including Routes 1, 2, 6, 7, 12, 18, 22, 24, 29, 36, 37, 60, 62, 125, 126, 134, 135, 136, 146, 151, 156, and 157. Also nearby is Amtrak and Metra service via Union Station, a 15-minute walk northwest.
For this project, Lendlease holds the roles of both developer and general contractor. It is projected that the entire construction process will cost approximately $137 million, with completion forecasted by 2023. As of now, no timeline has been established for the completion of Southbank’s remaining stages.
Countdown Comparison Corner (Spot #4)
Fourth place in the New York countdown is 41-47 W 57th Street, a 1,100-foot supertall skyscraper being developed by Sedesco just to the south of Central Park. The 63-story mixed-use skyscraper will house 119 condominiums and a 158-key hotel.
At just over 200,000 square feet, the edifice has been designed by OMA featuring a unique slanted massing. Much like the Reed, the sides with more prominent views will receive more open glass curtainwall treatment. The tower is still pre-construction, with a target completion date of around 2027 to 2028.