Where Chicago Connects
Welcome to Lincoln Yards, a vibrant new development that will connect Chicagoans to over 50 acres of riverfront sitting between some of the city’s most iconic neighborhoods: Bucktown, Wicker Park and Lincoln Park. The development of Lincoln Yards presents a defining moment for Chicago to improve a vast, underutilized parcel of land to benefit residents, businesses and visitors.
On July 18th, Sterling Bay unveiled its vision for Lincoln Yards – a once-in-a-lifetime opportunity that has the potential to transform a swatch of old manufacturing properties into a new urban destination.
A History of Lincoln Yards
The First Planned Manufacturing District
The City of Chicago implemented its first Planned Manufacturing District (PMD) to allow for protected manufacturing zoning within the city limits.
1988 – 2013
The Next 25 Years
From 1988 – 2013, the PMD existed as the residential neighborhoods around it flourished. Families moved in and communities thrived – amenities, open space and retail became abundant.
Manufacturing Moves On
After 112 years in Lincoln Park, citing a lack of storage space, poor electrical access, and a changed neighborhood no longer suited to heavy industry, Finkl Steel moved out of the Clybourn Corridor PMD, razed their buildings, and put the land up for sale.
A New Opportunity for the Neighborhood
Sterling Bay began acquiring well-located industrial sites in the PMD which it believed were underutilized, undervalued and positioned for redevelopment.
Forging New Partnerships
Lone Star Funds validated the investment strategy and partnered with Sterling Bay.
Transforming Brownfields to Green Space
Thus far, we have:
- Removed 24,000 tons of environmentally impacted soil on Lincoln Yards North alone
- Remediated 7.2 tons of TSCA hazardous PCB contaminated soil
- Remediated over 200 yards of hazardous lead
- Removed 27 underground storage tanks
- Recycled over 34,000 tons of concrete
The City of Chicago changed the zoning and repealed the Planned Manufacturing District (PMD). As a result, a broad array of commercial and residential uses became permitted.
Fleet and Facility Management
Sterling Bay purchased the former Fleet and Facility Management site along the river, adding 18 acres to its land assemblage. J.P. Morgan further validated Sterling Bay’s investment in Lincoln Yards by partnering with Sterling Bay on Lincoln Yards South.
Engaging the Community
In a community meeting hosted by Alderman Brian Hopkins, Sterling Bay unveiled its initial vision for Lincoln Yards, a once-in-a-lifetime opportunity to transform the former manufacturing site into a new urban destination.
Connecting with Chicagoans
Sterling Bay continued its outreach efforts, meeting with dozens of local community groups and residents to hear their feedback, have thoughtful conversations and receive helpful input on the plans for Lincoln Yards.
Furthering the Discussion
Sterling Bay met again with community members and local neighbors to present updated and revised plans for Lincoln Yards.
Chicago’s New Urban
Custom office build-to-suit developments • Vibrant retail opportunities • Reinvigorated riverfront • New multi-modal transportation hub • Proposed 606 bike trail extension • Public riverwalk • Abundant recreation space
Art and culture • Future residential and hospitality opportunities
Lincoln Yards is centrally located within the northside of Chicago along the North Branch of the Chicago River. Specifically, Lincoln Yards is bounded by the Kennedy Expressway to the west; Webster Avenue to the north; Clybourn Avenue to the east; and North Avenue to the south. The area is in close proximity to all major modes of transportation in Chicago including Metra commuter trains, CTA ‘L’ stations and bus stops, I-90/I-94, water taxi transportation and the 606 bike trail.
Lincoln Yards is a centrally located, multi-modal hub for residents, businesses and visitors. Proposed improvements include:
- Infrastructure improvements and congestion reduction including a revised street grid and new bridges and parking garages
- New, relocated Clybourn Metra Station
- Shuttle service to and from CTA ‘L’ stations at Armitage and North/Clybourn
- New water taxi stops
- Extended 606 bike trail
- Divvy shared bike stations
- Easy access to I-90/ I-94 (3.5 miles to the Loop, 15 miles to O'Hare, 13 miles to Midway)