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 Chicago Plan Commission has approved a new commercial facility at 1132 W Blackhawk Street on Goose Island. Located on the northernmost end of the island, the new building will be replacing an existing parking lot west of the intersection with N Cherry Avenue. The project will be for the Mars-Wrigley Corporation, one of the largest confectionery manufacturers in the world, as they commit to growing their presence in the Chicago region after the closure of one of their suburban plants. The new research and development hub will become the company’s largest at their global headquarters.
Remaining facade work is approaching completion for the new two-story amenity clubhouse at Prairie Shores, a five-building apartment complex in Bronzeville. Co-developers Golub & Company and Farpoint Development had purchased the complex in 2019 for $180 million, having partnered with Goldman Sachs Urban Investment Group. This acquisition kicked off a string of renovations throughout the property, including interior renovations of the 1,675 residences, landscaping improvements, and common area upgrades.
The Chicago Department of Planning and Development has approved a new commercial building at 4100 W Ann Lurie Place in Archer Heights. Located near the intersection with S Keeler Avenue, the new structure will add on to the existing two-story facility operated by the Greater Chicago Food Depository and redevelop the empty lot to the west of it. The project has been in development since before 2019 by the depository and aims to increase the output amid increasing demand for their services.