Chicago Construction News staff writer
A proposed large-scale redevelopment of former industrial lands along the Chicago River on the city’s North Side has advanced been approved approval by the Chicago Plan Commission.
Commissioners voted last week to back a zoning change for the 34-acre site, clearing a key regulatory hurdle for the JDL Development–led project. The proposal now goes to Chicago City Council for a final vote.
The Foundry Park plan includes up to 3,737 residential units, with 20 per cent designated as affordable housing in accordance with city policy. The mixed-use development would have low- to mid-rise buildings, office space, ground-floor retail and a boutique hotel, open spaces and new riverfront access. The tallest tower is 40 storeys, with some single-family homes also included.
Designed by Hartshorne Plunkard Architecture, the plan sets aside one-quarter of the site for open space. JDL President Jim Letchinger told commissioners the first construction phase, estimated at $800 million, could begin in late 2026.
“We’re optimistic that we can have this entire site built in seven years,” Letchinger said at the meeting.
