Nearly 3,000 housing units are promised in Chicago’s upcoming Foundry Park, a 28-acre development that looks to break ground in 2026 between two in-demand neighborhoods.
The location was previously slated for a mega-development exceeding 50 acres, spearheaded by developer Sterling Bay and called Lincoln Yards. The site had been mostly vacant since receiving city approval in 2019, and ultimately, the lender sold the smaller, approximately 28-acre portion to the new developers, JDL and Kayne Anderson Capital, in October.
Now, after years of waiting for a promised transformative use of vacant land into retail, office, green and residential space located between the neighborhoods of Lincoln Park and Bucktown, Chicagoans are promised a smaller, more housing-heavy project.
Foundry Park is currently planned to include a mix of apartments, condos, single-family homes and townhouses for roughly 3,200 units, including hotel, office, and retail space, according to city documents acquired by CoStar News, part of the CoStar Group, which owns Homes.com.
| Homes planned | Developer | 2026 milestones | Unique feature |
| Around 3,200 units | JDL and Kayne Anderson Capital | Expected to break ground in 2026 | A rare urban infill between Lincoln Park & Bucktown |