The Reed at Southbank Gets Permit for Building to Start

Looks like another high-rise is about to go up (via Urbanize Chicago):

The upcoming 41-story residential tower known as The Reed at Southbank is one step closer to rising along the south branch of the Chicago River after scoring its first construction permit this week. 

Crews from developer/contractor Lendlease have been preparing the site at 234 W. Polk Street for several months. The prep work involved shoring up underground tunnels beneath the site, Linda Kozloski of Lendlease told Urbanize in March. The newly issued building permit allows for work to begin on the tower's foundation. 

Designed by architecture firm Perkins + Will, The Reed will eventually rise 447 feet and deliver 224 apartments and 216 for-sale condos—priced from $400,000 to $1.4 million—when it opens in summer 2023. The project also includes a full suite of indoor/outdoor amenities and a riverwalk extension, which will pass beneath the western edge of The Reed and connect to Polk Street and a planned water taxi stop.

We've been pleasantly surprised with how nice the Southbank riverwalk is, so we're all for more - even though it seems like this new stretch will be relatively small.