Chicago's $6 Billion Lincoln Yards Project Gets Planning Approval

Chicago's $6 Billion Lincoln Yards Project Wins Planning Approval -

The Chicago Plan Commission has approved the $6 billion Lincoln Yards project to develop 55 acres of riverfront land in Chicago.

Proposed by real estate investment and development firm Sterling Bay, the project has the potential to reshape the city's skyline along the Chicago River.

Lincoln Yards would include office, residential and hotel towers, as well as restaurants, retail and entertainment spaces along Lincoln Park and Bucktown.

The most recent plan includes a 11.2-acre park with sports fields for youth and recreational leagues, as well as up to 6,000 residential units as part of the 15 million square feet of build-able space.

Sterling Bay aims to begin construction of the first phase of office towers and a shared parking structure after gaining approval.

They also hope to build one residential tower as tall as 650 feet, and two others up to 595 feet tall.

The Lincoln Yards project has the potential to create 10,000 construction jobs and more than 24,000 permanent jobs, with an annual economic output of $4.5 billion.

Lincoln Yards is expected to take ten years to complete

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photo's credits :- Sterling Bay and Respective owner

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