Kayne Anderson Real Estate and JDL Development have acquired the development site at 2001 North Southport Ave. — also known as Lincoln Yards North — to be rebranded as the Foundry Park residential community.  

Foundry Park will offer homes, condos, apartments, as well as mixed and commercial uses designed with the community in mind. Located along the Chicago River, the community will be a walking neighborhood, with tree-lined, low-traffic streets and a new open green space. 

The transaction is anticipated to be completed by the end of the third quarter. 

“We are thrilled to partner with Kayne Anderson to execute on our shared vision for this iconic Chicago property,” said Jim Letchinger, founder and CEO of JDL. “We see incredible potential to establish this site as a place that thousands of Chicago residents can call home and create a shared space that brings together members of the Bucktown, Wicker Park and Lincoln Park communities for years to come. As dedicated investors in Chicago, our goal and legacy has always been to leave Chicago neighborhoods better than we found them for residents and visitors alike, and we look forward to working closely with Kayne Anderson and the City of Chicago to bring our vision for this renowned property to life.” 

“I am pleased to see progress on the site with JDL and Kayne Anderson. We will be working closely with the surrounding communities and city officials to revitalize the area with new housing and development that will help grow our local economy,” said Alderman Scott Waguespack.