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