Cain International
Loan Size
$117M
Sponsor
Lendlease, Aware Super
Asset Class
Residential
Size
440 Units
In November 2021, Cain provided a $117M development loan to Lendlease and Aware Super for the delivery of The Reed at Southbank, a 415,100 sq. ft., 440-unit residential tower in Chicago’s South Loop.
Comprising 224 multifamily units and 216 condominiums, The Reed is the second phase of Southbank, a seven-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 internationally renowned 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.
