Foundry Park

Foundry Park is a mixed-use development under construction in Chicago between Bucktown and Lincoln Park.[1] The residential neighborhood is expected to cost over $1 billion and take several years to complete, creating approximately 2,800 residential units. The plan includes an extension of the Bloomingdale Trail over the Chicago River into Lincoln Park.[2][3] Foundry Park will rely on tax increment financing to build public infrastructure.[2]

In July 2025, JDL Development and Kayne Anderson Real Estate announced the acquisition of the 31-acre (13 ha) northern section of the former Lincoln Yards development site,[4][5] including the old Finkl Steel property on Cortland Street along the Chicago River.[6][7] The developers are using the address 2001 N. Southport Avenue for the overall project.[8] Foundry Park is planned to be a walkable neighborhood with tree-lined, low-traffic streets and new open green space that abuts the Chicago River and offers four-season recreation, i.e. farmers markets, art fairs and ice skating.[2][8] It is expected that about 20% of the residential units at Foundry Park will be marketed as affordable housing.[8] The planned project includes apartment towers of around 30 stories, but mostly buildings under 20 stories and also single-family homes.[9]

References

  1. ^ ACHONG, Ian (October 24, 2025). "Additional Renderings Revealed As JDL Closes On Land For Foundry Park". Chicago Yimby.
  2. ^ a b c Myers, Quinn (September 4, 2025). "Latest Plans For Former Lincoln Yards Site Show Apartment Towers, Townhouses And Riverwalk". Block Club Chicago.
  3. ^ "The 606's Bloomingdale Trail Extension Delayed, Now Expected by Late 2027". Block Club Chicago. 21 January 2025.
  4. ^ Spielman, Fran (July 10, 2025). "New owners of Lincoln Yards parcel recalibrate plans". Chicago Sun-Times.
  5. ^ Developers reveal new 'scaled down' plan for Lincoln Yards site Danny Ecker, Crain's Chicago Business, July 10, 2025
  6. ^ Lincoln Yards site to become smaller residential community Chicago Tribune, 2025/07/10
  7. ^ Foundry Park: A new vision for Lincoln Yards’ future WGN TV, Jenna Barnes, Ethan Illers, July 10, 2025
  8. ^ a b c New plan for 2 companies to acquire 'Lincoln Yards' after stalled development ABC7 Chicago, July 10, 2025
  9. ^ Myers, Quinn (10 July 2025). "The End Of Lincoln Yards? New Developer Announces Revamped Plan For Part Of Megadevelopment". Block Club Chicago.

See also

This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.