CHICAGO—The downtown is on the verge of getting another new neighborhood, this time in the near South Loop. Officials from Lendlease, an international property and infrastructure group, say their Southbank community will span a 7-acre parcel and offer as many as 2,700 units across five high rises surrounding a two-acre park.
And like most modern developments of this scale, the new community will offer more than a place to live. Both residents and visitors will have places to shop and recreate along the South Branch of the Chicago River.
“You want to have a confluence of great retail that is also an amenity to the community,” Justin Patwin, project director, Lendlease, tells GlobeSt.com. Furthermore, “it's been the city's vision to have a fully-connected Riverwalk,” and the company will create from Harrison St. to Polk St. a privately-financed extension of the recently-completed attraction, which curves along the Chicago River through the heart of downtown.
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