Construction has now passed the halfway mark for a 41-story residential building known as The Reed, located at 234 W Polk Street in South Loop. Developed by Lendlease, the building is the second of four structures in a masterplan known as Southbank. Lendlease’s plans for the structure include 224 rental apartments and 216 condominiums, for a total of 440 on-site units. The rental portion will occupy the ninth through 22nd floors, while the remaining floors above will be designated for the condominiums.
234 W Polk Street
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.
The quickly rising tower dubbed ‘The Reed’ at 234 W Polk Street in the South Loop takes the 11th place in 2021’s year-end countdown. The 41-story residential structure will rise 447 feet tall on the banks of the Chicago River as part of the greater Southbank development led by Lendlease and designed by Perkins + Will. The project joins ‘The Cooper’, an adjacent rental building which was the development’s first completed design.
Since YIMBY’s last site prep update in early September, work on ‘The Reed‘ has made significant progress, with its core having now risen substantially above grade. Situated as 234 W Polk Street in South Loop, the 41-story residential building is being developed by Lendlease, and is the second installation in a seven-acre, four-building development known as Southbank. The first to be complete in this larger plan was The Cooper, located directly east and completed in 2018.
Since Chicago YIMBY’s last update on Lendlease’s “The Reed,” a planned 41-story residential tower at 234 W Polk Street in South Loop, various new developments have taken place. Fencing and additional equipment, including a crane, are now on site, while staging areas and an access road have been built out.