https://www.chicagotribune.com/real-...qxe-story.html
As some fear downturn in downtown real estate due to pandemic, Southbank developer doubles down with luxury condos at The Reed
By ARIEL CHEUNG
CHICAGO TRIBUNE |
DEC 15, 2020 AT 5:00 AM
"Word around Chicago real estate circles is that COVID-19 has slowed residential sales downtown, as more people work remotely and seek out larger homes with more elbow room and outdoor space in outer neighborhoods and suburbs.
Lendlease Chicago’s executive general manager of development Ted Weldon, however, sees nothing but promise for downtown home sales in the coming years — which is fortunate, as his company is readying for its next phase of the Southbank development on the edge of the Chicago River."
"Set to open in 2023, The Reed will be set on the South Branch of the river, with 216 condominiums and 224 apartments spread across 41 floors at 234 W. Polk St. in the South Loop."
One-, two- and three-bedroom condos will be sold starting at $390,000 and will range from 630 to 1,670 square feet. Located on floors 23 to 41, the condos will have views that can reach as far as Lake Michigan, Weldon said.
Apartments will be located on floors 9 to 22. Below them, a 12,000-square-foot outdoor deck is among building amenities that also include a demo kitchen and a private lounge exclusively for condo owners.
"The Reed"