Lendlease Celebrates Grand Opening of The Cooper at Southbank in Chicago’s South LoopNovember 2, 2018
CHICAGO (Oct. 17, 2018) — Lendlease, a leading international property and infrastructure group, last week celebrated the grand opening of The Cooper at Southbank, a 29-story, 452-unit luxury high-rise located at 720 S. Wells St. in Chicago’s South Loop. The community, which welcomed first move-ins in September, marks the first Chicago project both built and developed by Lendlease, which is planning a total of five residential towers in its 7-acre Southbank master plan along the South Branch of the Chicago River.
“The opening of The Cooper at Southbank is a monumental first step in the creation of the broader Southbank neighborhood,” said Tom Weeks, executive general manager of development at Lendlease. “As experts in placemaking and urban regeneration, we saw the untapped potential of this prime riverfront parcel, which not only offers proximity to jobs in the central business district, but also unparalleled access to the Chicago River. Our half-mile Riverwalk is a rare offering that, like the adjacent Southbank Park, will be open to neighbors in the surrounding community, establishing a new link between downtown and the South Loop.”
More than 90 guests attended the grand opening celebration, including 25th Ward Alderman Daniel Solis and Chicago-based visual artist Nick Albertson, who was selected as the featured artist for The Cooper and whose work – a piece from his colorful “White Light” series – is on display in the tower’s lobby. The event also included tours of the model residences as well as 35,000 square feet of indoor and outdoor amenity space.
Residences at The Cooper include traditional studio, convertible, one- and two-bedroom plans ranging in size from 451 to 1,104 square feet and priced from $1,710 per month. Three model units designed by McGuire Architectural Interiors showcase high-end unit finishes including wide-plank flooring; eco-friendly thermostats; modern kitchens with custom cabinetry, quartz countertops and stainless steel appliances; and baths with porcelain tile and glass-surround showers.
Also available for lease are four two-bedroom and two three-bedroom penthouses, located on the 29th floor, that range in size from 1,124 to 1,997 square feet and are priced from $4,646 per month. In addition, The Cooper offers a collection of 26 rental townhomes that wrap the base of the tower, with views of the river and future Southbank Park. They include a variety of three-story floor plans – each with three bedrooms and three baths, as well as direct access to the adjacent park – that range in size from 2,123 to 2,293 square feet and are priced from $7,404 per month. Located above the three-story townhomes are two-level residences with two bedrooms and two baths. Ranging from 1,269 to 1,938 square feet, they are priced from $4,806 per month.
The grand opening event also highlighted The Cooper’s sixth-floor amenity level, which houses a listening lounge with playable instruments, a turntable and high-fidelity sound system; shop space with sewing machines, craft supplies and easels; virtual sports simulation room; video game lounge; resident lounge with pool, ping-pong and shuffleboard tables; fireplace reading room; styling studio for in-home hair and makeup services; club-level fitness center with Peloton bikes, strength training equipment and a Namaste Nook; and integrated co-working rooms. Outdoors, a generous landscaped terrace features a pool and spa with sun deck, reservable cabanas, an outdoor pizza oven and grilling stations, as well as a bocce ball court, movie screening area and multiple fire pit coves with skyline views. When complete in early 2019, the penthouse level will feature a chef’s kitchen and private dining room, as well as an adjacent rooftop event space.
“The Cooper was designed to complement its riverfront surroundings and offer a lifestyle that matches the creative energy of the South Loop,” said Justin Patwin, project director for Southbank at Lendlease. “While the construction of our first building in Southbank is nearly complete, our commitment to this neighborhood and our residents is just beginning.”
As The Cooper welcomes its first residents, Lendlease has commenced construction on Southbank Park, an adjacent 2-acre green space that will anchor the Southbank neighborhood. Designed by Hoerr Schaudt, it will feature lush landscaping and meandering walkways that lead down to a new Riverwalk, programmed with a kayak launch and water taxi stop on the southern end of the site. Although privately maintained, both Southbank Park and the Riverwalk will be open to the public and are scheduled to deliver in 2019.
“The Cooper is the first building to be completed in our Southbank master plan for Chicago’s newest riverfront community,” said Ralph Johnson, global design director of Perkins+Will, the project’s architect. “Our design maximizes the potential of its riverfront location, and will provide new public open spaces for Chicago.”
Lendlease is a leading international property and infrastructure group with operations in Australia, Asia, Europe and the Americas. Our vision is to create the best places; places that inspire and enrich the lives of people around the world.
Headquartered in Sydney, Australia, and listed on the Australian Securities Exchange, Lendlease has approximately 13,000 employees internationally.
Our core capabilities are reflected in our operating segments of Development, Construction and Investments. The combination of these three segments provides us with a sustainable competitive advantage and allows us to provide innovative integrated solutions for our customers.
The Americas region, headquartered in New York, offers core capabilities in property and communities development, construction, investment management and infrastructure development. Our expertise covers multiple sectors including arts & culture, aviation, commercial, education, energy, government, healthcare, hotels & resorts, industrial, life science, military communities, mixed-use, multi-site, residential, senior living, telecommunications, transportation and urban regeneration.