CHICAGO | Lincoln Yards

[ardecila]

Originally Posted by ardecila

LOL. Not within the Lincoln Yards PD but this site was definitely part of Sterling Bay's larger play to dominate the area.

These car dealers don't have anything in the US currently, but my guess is they're planning a Cadillac dealership on the site similar to the one in Calgary. There's already a mini cluster of luxury dealerships off the Kennedy at North Ave, and there's currently no Cadillac dealerships in city limits. Gotta buy your Escalade somewhere....

Looks like I was right:
https://www.chicagobusiness.com/real-estate/commercial/ccb-north-side-cadillac-20260515/

Shame they insisted on this big setback and couldn't even match the urbanist standard of the Audi and Mercedes dealers across the Kennedy. This is admittedly two stories, but so is the Cadillac dealer in Naperville, so that's not worth much.

[r18tdi]

Well called indeed!

[twister244]

Some news on the Foundry Park front......

https://www.chicagobusiness.com/real-est...ndry-park-infrastructure-money-20260605/

Under the proposal, nearly $202 million in future tax-increment financing money would reimburse developers JDL Development and Kayne Anderson Real Estate for a mix of projects on the roughly 31-acre riverfront site between Lincoln Park and Bucktown, according to a staff report posted online from the Chicago Department of Planning & Development.

The article seems to be leaning on a notion that the larger Sterling Bay development failed because of the larger infrastructure costs..... Ignoring the fact that Sterling Bay also completely fell off the cliff with all of their other properties in the West Loop because they overstretched themselves....

If you are interested in the 606 extension:

Another $21.5 million is earmarked for a future extension of the 606 trail bridging the river and connecting to Foundry Park.

There are also renderings in there that I don't know if I have seen before. Nothing crazy, but highlighting the infrastructure/park portions.