Foundry Park

Foundry Park is a mixed-use development under construction in Chicago between Bucktown and Lincoln Park.[1][2] 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.[3][4] Foundry Park will rely on tax increment financing to build public infrastructure.[3]

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,[5][6] including the old Finkl Steel property on Cortland Street along the Chicago River.[7][8] The developers are using the address 2001 N. Southport Avenue for the overall project.[9] 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.[3][9] It is expected that about 20% of the residential units at Foundry Park will be marketed as affordable housing.[9] The planned project includes apartment towers of around 30 stories, but mostly buildings under 20 stories and also single-family homes.[10]

References

  1. ^ Roeder, David (December 18, 2025). "Lincoln Yards megadeal on North Side morphs into a tale of 2 projects". Chicago Sun-Times.
  2. ^ ACHONG, Ian (October 24, 2025). "Additional Renderings Revealed As JDL Closes On Land For Foundry Park". Chicago Yimby.
  3. ^ a b c Myers, Quinn (September 4, 2025). "Latest Plans For Former Lincoln Yards Site Show Apartment Towers, Townhouses And Riverwalk". Block Club Chicago.
  4. ^ "The 606's Bloomingdale Trail Extension Delayed, Now Expected by Late 2027". Block Club Chicago. 21 January 2025.
  5. ^ Spielman, Fran (July 10, 2025). "New owners of Lincoln Yards parcel recalibrate plans". Chicago Sun-Times.
  6. ^ Developers reveal new 'scaled down' plan for Lincoln Yards site Danny Ecker, Crain's Chicago Business, July 10, 2025
  7. ^ Lincoln Yards site to become smaller residential community Chicago Tribune, 2025/07/10
  8. ^ Foundry Park: A new vision for Lincoln Yards’ future WGN TV, Jenna Barnes, Ethan Illers, July 10, 2025
  9. ^ a b c New plan for 2 companies to acquire 'Lincoln Yards' after stalled development ABC7 Chicago, July 10, 2025
  10. ^ Myers, Quinn (10 July 2025). "The End Of Lincoln Yards? New Developer Announces Revamped Plan For Part Of Megadevelopment". Block Club Chicago.


41°55′06″N 87°39′48″W / 41.91833°N 87.66333°W / 41.91833; -87.66333

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