Initial details have been revealed for the new plans concerning the northern portion of the former Lincoln Yards site near Goose Island. Dubbed Foundry Park, the new development will focus on residential use with shorter structures. It will now be led by local developer JDL, who is on track to purchase the land.

The Past

Originally revealed by developer Sterling Bay in 2018, Lincoln Yards consisted of two massive lots split by the Chicago River. This area was formerly home to the A. Finkl & Sons steel foundry—hence the new name. However, after constructing the currently vacant life sciences building at 1229 W Concord Place, the project has remained dormant.

New Plans

With the sale expected to close for an undisclosed amount in September, JDL is quickly advancing plans for Foundry Park—a scaled-back vision for the site. The new development is set to be anchored by around eight acres of open space, with a continuation of Southport Avenue becoming the main thoroughfare into the project. Find out more at Chicago Yimby