Lincoln Yards is an ambitious project that will include a 70-story skyscraper, create 23,000 jobs, 6200 parking spaces, and 5,000 homes for Chicago residents on the north side. The entire project will cost approximately $5 billion dollars.
The development will be 70 acres and located along the river between Lincoln Park and Bucktown. This site was home to Finkl & Sons steel plant for 112 years, and other industrial businesses. According to Gloor and Erin Lavin Cabonargi, the firms director of development, Sterling Bay plans to split the space between commercial buildings and residential space.
Like many developments, there are always challenges. Some of the challenges consist of congestion in the area, and parking. Zoning approval is still needed to build the towers that will reach between 700 to 800 feet.
Although designs have not been finalized yet, the renderings are quite impressive to say the least! We will continue to update you as we gather more information.