Southbank (development)

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Southbank
Coordinates41°52′21.4″N 87°38′2.3″W / 41.872611°N 87.633972°W / 41.872611; -87.633972Coordinates: 41°52′21.4″N 87°38′2.3″W / 41.872611°N 87.633972°W / 41.872611; -87.633972
StatusUnder construction
Groundbreaking2016
Companies
DeveloperLendlease

Southbank is a multi-building urban redevelopment project under construction in Chicago, being developed by Lendlease. The site was originally part of a larger development, dubbed "Riverline" built by a partnership between Chicago-based developer CMK and Lendlease but the partnership was dissolved in early 2018.[1] Southbank neighbors the other descendant project, Riverline, which retained the original name.

Groundbreaking occurred in 2016 when the partnership between CMK and Lendlease had not been dissolved.[2] The development is north of The 78, another large-scale development.[3]

The first residential building in the complex will allow tenants to move in as early as October 2018.[4] The building was originally known as Ancora at Riverline, but has been renamed The Cooper at Southbank.[5]

References[]

  1. ^ Ori, Ryan (14 March 2018). "$2 billion Riverline mega-development divides into separate residential projects". Chicago Tribune. Retrieved 14 August 2018.
  2. ^ Kozlarz, Jay (13 September 2016). "Chicago breaks ground on 3,600 unit Riverline mega-development in the South Loop". Curbed. Retrieved 14 August 2018.
  3. ^ Nitkin, Alex (11 May 2018). "Related Midwest's plans for sprawling South Loop project taking shape". The Real Deal Chicago. Retrieved 14 August 2018.
  4. ^ Latrace, AJ (9 August 2018). "You Can Now Prelease an Apartment at the Massive Southbank Development in South Loop". Chicago Magazine. Retrieved 14 August 2018.
  5. ^ Kozlarz, Jay (31 May 2018). "Upcoming South Loop apartment tower gets new name and updated renderings". Curbed. Retrieved 14 August 2018.
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