Chicago’s City Council has officially approved plans for Foundry Park, a major mixed-use redevelopment set to transform the northern portion of the former Lincoln Yards site along the western edge of Lincoln Park. The decision clears the way for developers JDL and Kayne Anderson to begin construction later this year, marking a major shift away from the original Lincoln Yards megaproject vision.
Foundry Park will be built in multiple phases and is expected to deliver more than 3,200 housing units, ranging from apartments to townhomes and single-family residences. The broader master plan also includes hundreds of thousands of square feet dedicated to office, medical, retail, and commercial uses, creating a large new mixed-use district centered around Southport and Cortland avenues.
The first phase will focus on a triangular site bordered by Cortland Avenue, Southport Avenue, and Kingsbury Street. Plans call for approximately 800 residential units, a hotel with around 180 rooms, and ground-floor retail space. Four buildings will rise between eight and 38 stories, with the tallest tower reaching about 520 feet. Beneath the development, a two-level underground garage with roughly 800 parking spaces will support the project. Above it, a central public park and plaza will serve as the focal point of the neighborhood.
Over time, additional phases will expand the site with more residential towers, public open space, and recreational features. Plans include roughly 10 acres of parkland, a new riverwalk stretching about 3,000 feet, and potential connections to future transit improvements and an extension of The 606 trail. These elements are intended to create a pedestrian-friendly district integrated with surrounding neighborhoods and the Chicago River corridor.
With city approval now secured, developers plan to break ground on the first phase this fall, beginning what is expected to be one of Chicago’s most significant redevelopment efforts in the coming decade.
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