Jim Letchinger

Stories

Foundry Park breaks ground on $3 billion Chicago River development

Leading construction of Foundry Park after the October 21 groundbreaking

Chicago officials broke ground October 21 on Foundry Park, a $3 billion plan to turn the former A. Finkl & Sons steel site into homes, parks and a riverwalk along the North Branch of the Chicago River. JDL Development and Kayne Anderson Real Estate bought the northern 31 acres for about $84 million in October 2025. The seller was Bank OZK; the land had been the northern piece of Sterling Bay's Lincoln Yards plan, which never advanced.

Updated Oct 22