Southbank

The Reed Surpasses Halfway Mark in South Loop

7:45 am on April 25, 2022 By Jack Crawford

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.

The Reed Rises To The 11th Spot In Year-End Countdown

7:45 am on December 21, 2021 By Ian Achong

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.

The Reed’s Core Rises above Grade at Southbank Megadevelopment

7:45 am on October 24, 2021 By Jack Crawford

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.

Chicago YIMBY Checks in on Southbank’s The Reed at 234 W Polk Street in South Loop

7:45 am on September 5, 2021 By Jack Crawford

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.

Foundation Work Begins for The Reed in South Loop

7:45 am on May 15, 2021 By Jack Crawford

Caisson work has kicked off for The Reed, a 41-story residential tower along the river in South Loop. Situated at 234 W Polk Street, the 447-foot-tall structure serves as the second phase of a larger five-building development by Lendlease known as Southbank. This masterplan was formerly occupied by a large grass parcel that had long been vacant. Underneath this land were a series of freight tunnels that have undergone a sealing process over the past few months, thereby allowing The Reed to proceed.

Prep Work Progresses for The Reed Tower at Southbank in South Loop

7:45 am on March 18, 2021 By Jack Crawford

Photos show fencing and equipment in preparation for a new residential tower at 234 W Polk Street in South Loop. Known as The Reed, the tower will mark the next stage of a larger megadevelopment called Southbank. While the current prep work for The Reed is taking place further north from where its actual footprint will be, the work is still a critical first step for the development’s construction. Permits posted on-site show that Lendlease is sealing off old freight tunnels that run underneath the Southbank property, thereby allowing for foundation work to proceed on the tower site.

Renderings Unveiled for The Reed at Southbank, Entire Development Ranks as Chicago’s 11th Tallest Project

7:45 am on December 21, 2020 By Lukas Kugler

Renderings have been revealed for The Reed, the second residential tower at Southbank, as the entire development takes the 11th spot in YIMBY’s Chicago’s tallest developments countdown. Located on a 7.5-acre, waterfront site, Southbank is a megadevelopment that was split off from the original Riverline joint venture development by Lendlease and CMK Companies. The parcel is bound by W Harrison Street, S Wells Street, W Polk Street, and the Chicago River.

New Fencing Spotted at Southbank Mega-Development Site in South Loop

7:30 am on October 2, 2020 By Jack Crawford

Fencing has been spotted at the future 7.5-acre site of Southbank, which is the northern half of the originally planned Riverline development in South Loop. In 2019, Riverline was split into two parts by its co-developers, Lendlease and CMK.

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