Announced

Foundry Park

Foundry Park is JDL Development's master-planned riverfront district on the former A. Finkl steel works in Chicago's Lincoln Park, the scaled-back successor to the abandoned Lincoln Yards scheme.

Official Website
TMW IntelligenceVerified Oct 3, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2032
Completion
183
Keys
3737
Units
38
Floors

Financed with $3B.

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Details

2001 North Southport Avenue, Chicago. 38 floors, 3737 residences and 183 hotel keys. Completing 2032. Financed with $3B.

The story so far
Announced Feb 2026Chicago City Council approved the Foundry Park zoning package, greenlighting the scaled-back successor to Lincoln Yards on the 31-acre former A. Finkl & Sons steel site for JDL Development and Kayne Anderson Real Estate
blockclubchicago.org
City Council approves Foundry Park Feb 18, 2026final zoning granted for JDL's 3,737-residence successor to Lincoln Yards on the former Finkl steel site
chicago.suntimes.com
Financing secured Sep 23, 2026Chicago City Council approves $201.6M TIF subsidy for Foundry Park infrastructure, including the 606 trail extension, with about $33M more from the developers
blockclubchicago.org
Expected groundbreaking Nov 2026 est.
Expected opening 2032
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
Supply pressure 33 · BalancedChicago marketMarket →
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About the project

Foundry Park is JDL Development's master-planned riverfront district on the former A. Finkl steel works in Chicago's Lincoln Park, the scaled-back successor to the abandoned Lincoln Yards scheme. Hartshorne Plunkard Architecture leads the master plan, with landscape work by Nudge Design, arranging low- and mid-rise residential, office and retail buildings around a central square and an extended Southport Avenue with protected bike lanes. About a quarter of the acreage is reserved as open space, including riverwalk access, a two-acre public square built for farmers markets and winter skating, and a boutique hotel flanked by residential towers. Roughly a fifth of the residences are set aside as affordable under the city's inclusionary requirements.

Developer & design
The Chicago market 33 · Balanced supplyLincoln Park 13-project pipeline · 16,808 residences and keys · peak Early ’27 Explore the market →
Common questions

Frequently asked

Where is Foundry Park located?

Foundry Park is located in Chicago.

When will Foundry Park be built?

Foundry Park is an announced development that has not yet started construction, targeting completion in 2032.

Who is developing Foundry Park?

JDL Development is the developer behind Foundry Park.

Who designed Foundry Park?

Foundry Park was designed by Hartshorne Plunkard Architecture.

How big is Foundry Park?

Foundry Park rises 38 stories with 3737 residences and 183 hotel keys.