An updated construction timeline has been revealed for the Lincoln Yards mega development near Goose Island. With work completed on the initial phase of Ally at 1229 W Concord Place, developer Sterling Bay presented their updated phasing plan closer to what was revealed in 2021 during a recent community meeting. The next round of construction will also be phased out and with structures designed by various firms and plenty of new outdoor space.
Dubbed The Steelyard, this next zone to be built out of the project will contain multiple mid- and high-rises along with a central commercial axis connecting them all. Work will commence on the first two structures later this year with the remaining on a rolling basis:
1665 N Throop Street
Rising 15 stories and 218 feet in height, the cube-shaped building is being designed by Gensler with a large active podium. The lower levels will hold retail, a two-theater entertainment center with 4,500 seats total, 140 vehicle parking spaces, and 70 bicycle parking spaces, clad in brick with an active street front. The upper levels will be clad in glass with angled cuts for outdoor space while holding over 350,000 square feet of office space. A video for the project can be found here.
1687 N Throop Street
This two-structure combo will rise 19 stories and 223 feet to its tallest point, designed by local firm HPA with cantilever balconies and hanging gardens. The two will be separated by a wall of pedestrian bridges spanning over an opening leading to the project’s main park on its north side, with a stepped base featuring multiple commercial spaces. Inside there will be 350 residential units made up of 102 studios, 171 one-bedrooms, 73 two-bedrooms, and four three-bedroom layouts, with 35 units or 10 percent designated as affordable housing.
The Market Hall
Still not much is known about the forma design of this structure with gabled roofs, but it will become the dining hub for this area of the development with multiple spots for tenants across a multi-level space which meets the park with a large plaza.
Lincoln Yards will be anchored by a large central park split into two halves by the Chicago River. In this next phase, construction will focus on the southern end which will also be subdivided for faster delivery. The first portion of it to be built will be the areas directly adjacent to 1687 N Throop Street as it will hold the residential building’s parking garage under it, with 150 vehicle parking spaces and 75 bicycle parking spaces.
Part of this will include a large plaza, playground, dog run, while the fully-completed, 6.5-acre southern park will boast multiple fields, seating areas, and small facility buildings. The Site Design Group-designed park will lead to an expanded riverwalk with a future water taxi stop, kayak launches, and more as it connects to Ally just south of it.
Other future phases we know about and will come later include a large parking garage at Concord Place and Throop Street, an extension of the 606, a new bridge over the river, and the two riverfront residential towers capping The Steelyard. Currently no specific groundbreaking date was announced but the two main buildings should begin construction by the end of the year, both have already submitted for foundation permits and plan on a 24-month timeline for each.