Core construction has reached its full height for a 41-story, 440-unit tower known as “The Reed” at 234 W Polk Street in South Loop. Developed by Lendlease, the tower is the second residential building within Lendlease’s seven-acre Southbank master plan. This project has also added public amenities to the area including two acres of park land and a riverwalk running alongside the Chicago River’s south branch.
Caisson permits have been issued for the planned mixed-use development at 626 S Wabash Avenue in South Loop. YIMBY reported on the project in August 2021 under the address 630 S Wabash Avenue. The project is being developed by DAC Developments in tandem with Melrose Ascension Capital. The lot is currently vacant.
Superstructure work has now surpassed the top of the podium for 1000M, a 73-story residential apartment tower rising at 1000 S Michigan Avenue in South Loop. The 788-foot tower is currently the city’s second tallest active construction project, surpassed only by the 850-foot Salesforce Tower in River North. Developed in partnership between JK Equities, Time Equities, and Oak Capitals, plans have pivoted from 506 condominiums to 738 rentals after an initial construction hiatus. In late 2021 following this two-year pause, the developers received a $304.5 million loan from Goldman Sachs and Deutsche Bank for work to resume. The design by the late Helmut Jahn has shifted only slightly with a small height reduction.
This week, YIMBY stopped by the Adler Planetarium in South Loop‘s Museum Campus, with exterior renovation wrapped up earlier this year. While the building re-opened earlier in March, the makeover today still warrants an article highlighting the building’s re-clad copper dome.
Metal paneling, glass, and painted concrete are all now visible for The Reed at Southbank, a 41-story residential building rising at 234 W Polk Street in South Loop. Developed by Lendlease, Southbank itself refers to a larger four-building masterplan that split off from CMK‘s planned Riverline development just to the south. This Southbank masterplan also comes with an extended stretch of Riverwalk and a small urban park located in its center.
