Plans are advancing for future replacements of the former Lincoln Yards megadevelopment on the western edge of Lincoln Park. The northern half will be home to Foundry Park, a mixed-use development led by Chicago-based JDL, which submitted a zoning application this week. Additionally, a buyer has now been announced for the southern half of the site.
Rendering for Foundry Park by HPA and Nudge Design
Foundry Park
Set to replace the majority of the land north of the river, Foundry Park was first revealed earlier this year as JDL finalized the purchase of the 45-acre site. The development will be built in phases and is being designed by local firm HPA. It will contain 3,737 residential units, consisting of 2,902 apartments and 305 for-sale condominiums, townhomes, and single-family homes. Of those, 20-percent will need to be affordable.
Overall site plan of Foundry Park by HPA
Enlarged site plan of Foundry Park phase one by HPA
On the taller end, buildings will range from 50 to 520 feet in height across all phases, with the first phase containing the tallest tower. This initial phase was further detailed in the zoning application and will sit within a wedge formed by North Kingsbury Street, West Cortland Street, and North Southport Avenue. It will contain a total of 900 residential units.
Rendering for future phase of Foundry Park by HPA and Nudge Design
Rendering for future phase of Foundry Park by HPA and Nudge Design
Phase one will sit atop an 800-space parking garage and include four distinct buildings arranged around a two-acre central square intended for year-round activities. Retail spaces will surround the square on all sides, with most storefronts featuring entrances facing both the square and the street. Space for a large anchor tenant is also planned.
Plans for Foundry Park Phase One by HPA and Nudge Design
To the north of the wedge will stand the second-tallest structure: a 156-foot-tall hotel featuring a ground-floor restaurant and approximately 180 hotel rooms. To the south will be an eight-story, 116-foot-tall building at the corner of Southport and Cortland; a 13-story, 169-foot-tall building along Kingsbury; and a 38-story, 520-foot-tall skyscraper at the southern corner.
Elevations for Hotel within Foundry Park Phase One by HPA and Nudge Design
Future phases of the project will include 11 additional high-rises, multiple acres of additional parkland—including a riverwalk and a potential extension of the 606 Trail—as well as the previously mentioned townhomes and single-family homes. Overall, the project will feature 420,000 square feet of retail, 250,000 square-feet of hospitality space and 305,000 square feet of office and medical space.
Elevations for Foundry Park Phase One by HPA and Nudge Design
Rendering for future phase of Foundry Park by HPA and Nudge Design
A more detailed breakdown can be found in our previous coverage. The team will now move through an expedited city approval process as it amends the original Lincoln Yards proposal and its associated subsidies. Approval is expected next spring, with infrastructure construction set to begin next fall.
1229 W Concord Place. Photo by Jack Crawford
Southern End of Lincoln Yards
When Foundry Park was announced, it was unclear what would happen to the southern 18 acres of Lincoln Yards, including its only existing structure at 1229 W. Concord Place. However, it has now been reported by Crain’s that local general contractor Novak Construction is set to purchase both properties in separate transactions from Sterling Bay.
The land lies south of the Chicago River and will still require basic infrastructure work. While no sale price or development plan has been announced, Novak has experience developing multi-unit buildings, though not at this scale. This raises the possibility of partnering with other developers for portions of the site. A closing date for the transactions has not yet been disclosed.
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As a neighbor and homeowner around the corner, I am looking forward to this. So much better than an empty wasteland.
Let’s hope your nimby neighbors don’t try to dumb this down and try to reduce it to a Shaumburg.
The neighbors are gonna ruin this
Any known plans for improving public transit like bus lines through there?
They are talking about reactivating the Clybourn bus and planning on extending the 606 trail. Unfortunately not much you can do otherwise without a massive project which we can’t really do anymore in light of the Red Line Extension imposing disaster
Here comes an ikea anchored development 🥴
The urban IKEA at Vienna Westbahnhof is pretty cool but we are about 50 years behind them in that area…
An IKEA in the city would be awesome.
Phase one has 800 parking spaces for 900 units? That’s an awful ratio.
Yeah as I said it’s basically a downtown Shaumburg, but why those must be “green” parking lots.
From what I’ve previously read, the underground parking in Phase 1 will be public and private parking for the majority of the entire development. Not sure what the parking for the townhouses will look like.
Agreed, it’s essential the other phases get built cause this garage is supposed to be all of the parking for the whole project.
I wish the 606 extension connected to Cortland or Kingsbury. This is likely the only chance we have to pass the 606 through this area before it gets built up and they’re not even connecting it to the nearby streets