Foundry Park is a mixed-use development under construction in Chicago between Bucktown and Lincoln Park. 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. Foundry Park will rely on tax increment financing to build public infrastructure.
In July 2025, JDL Development and Kayne Anderson Real Estate announced the acquisition of the site,Developers reveal new 'scaled down' plan for Lincoln Yards site Danny Ecker, Crain's Chicago Business, July 10, 2025 including the old Finkl Steel property on Cortland Street along the Chicago River.Lincoln Yards site to become smaller residential community Chicago Tribune, 2025/07/10Foundry Park: A new vision for Lincoln Yards’ future WGN TV, Jenna Barnes, Ethan Illers, July 10, 2025 The area would have been the northern section of Lincoln Yards if it had been built. The developers are using the address 2001 N. Southport Avenue for the overall project.New plan for 2 companies to acquire 'Lincoln Yards' after stalled development ABC7 Chicago, July 10, 2025 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. It is expected that about 20% of the residential units at Foundry Park will be marketed as affordable housing. The planned project includes apartment towers of around 30 stories, but mostly buildings under 20 stories and also single-family homes.
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