Foundation work for the new 41-story residential tower known as The Reed at Southbank has begun. Located at 234 W. Polk Street, The Reed is the second building of the 7-acre Southbank megadevelopment, which includes a 29-story rental tower called The Cooper and the 2-acre Southbank Park and riverwalk. 

The Reed will eventually top out at 447 feet above the south branch of the Chicago River. Designed by Perkins + Will, the residential tower will deliver a mix of rental and for-sale residences. Floors 9 through 22 will feature 224 apartments, while levels 23 through 41 will house 216 condominiums priced from $400,000 to $1.4 million. 

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