Groundbreaking for Foundry Park at Former Lincoln Yards Site in Chicago

• The groundbreaking ceremony for Foundry Park took place on Wednesday.
• The project is a $3 billion megadevelopment aiming to create a new neighborhood along the Chicago River’s North Branch.
• Developers Jim Letchinger and Kayne Anderson Real Estate acquired the site in 2025 after the previous owner failed to develop it.
• The project was initially part of the Lincoln Yards development, which fell apart.
• The event was attended by elected officials, developers, and city leaders.