Less than a year after construction began, The Reed was completed on July 27. The 41-story, 440-unit community in Chicago’s South Loop neighborhood is part of Southbank: the seven-acre riverfront masterplan overseen by real estate investment Lend-Lease Group.
Southbank’s first residence, The Cooper, opened in 2018 and is a luxury apartment building. Le Roseau will however include units for sale alongside rentals: 216 condominiums and 224 apartments will be available. Ranging from 630 to 1,670 square feet, these one-, two-, and three-bedroom condos cost between $400,000 and $1.4 million.
The Reed is expected to be completed in the summer of 2023.
“As The Reed has grown, so has the renewed interest in city living,” said Ted Weldon, executive general manager of development at Lendlease’s Chicago office, in a press release. Weldon noted that buyers and renters show a preference for walkable urban locations that maintain a connection to nature.
Located on the south bank of the Chicago River, The Reed offers access to the two-acre Southbank Park as well as a boardwalk leading directly to the waterway. The Reed is also located near Lake Michigan Beach and offers views of the downtown skyline.
Designed by Perkins and Will, the building itself is modeled with an industrial-chic aesthetic. High concrete ceilings and exposed columns are present in all units alongside more extravagant finishes: floor-to-ceiling windows, modern kitchens, Bosch appliances, quartz countertops and, in the bathrooms, custom vanities and light fixtures Kohler and Hansgrohe.
Lendlease’s press release also highlighted The Reed’s sustainable construction methods. It is Chicago’s first-ever skyscraper to use low-carbon concrete, developed by McHugh Concrete. This reduces the total carbon of The Reed’s embedded concrete by more than 32%, according to McHugh, with the product expected to last 30 more years. Lendlease aims to achieve absolute zero carbon by 2040.
In support of this mission, the company has completed a climate risk and opportunity assessment for The Reed and is aiming for LEED Gold and Fitwel certification for the residence.
“These advances underscore our commitment to projects throughout their life cycle and establish best practices that can be implemented in other developments,” said Kinjal Patel, general manager of construction at Lendlease’s office at Chicago.
“Thanks to the hard work and dedication of nearly 250 tradespeople who have put in over 220,000 hours on this project, prospective residents can see how well The Reed fits into its surroundings,” Weldon added.
Once complete, tenants and owners can enjoy The Reed’s many common areas. There is a pool and pool deck, set with a wet lounge, outdoor kitchen, grilling stations and dining areas. Inside, residents will find televisions, a pool table and spaces to work from home. A fitness center, with indoor and outdoor equipment, will also be available.
Additionally, a second floor amenity suite is exclusive to condo owners. Overlooking Southbank Park, it includes a living room with fireplace, an open kitchen, work areas and a terrace.