Chicago, IL

The Reed

Loan Size

$117M

Location

Chicago, IL

Asset Class

Residential

Size

440 Units

In November 2021, Cain International arranged a $117 million development loan to Lendlease and Aware Super for the delivery of The Reed at Southbank, a 513,400-square-foot, 440-unit residential tower in Chicago’s South Loop.

Comprising 224 rental apartments and 216 for-sale condominiums, The Reed is the second phase of Southbank, a 7-acre master plan being delivered by Lendlease and Aware Super. It includes over two acres of green space and an adjacent riverwalk, both of which are maintained by Lendlease as public amenities. Designed by international architects Perkins and Will, the 436-foot tower boasts residences with panoramic views of the adjacent Chicago River, Lake Michigan and Chicago’s iconic downtown skyline.

Location

234 W Polk St
Chicago, IL 60605, USA