Bank OZK Sells Parcel in Failed $6 Billion Chicago Project

The empty lots in the northern section of the Lincoln Yards development in Chicago. — The empty lots in the northern section of the Lincoln Yards development in Chicago.
Photographer: Stacey Wescott/Chicago Tribune/Getty Images

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By Miranda Davis

October 16, 2025 at 10:19 PM UTC

Updated on

October 17, 2025 at 4:34 PM UTC

Part of the land under a failed $6 billion real estate development in Chicago has finally found a buyer.

Chicago’s JDL Development is poised to take over the northern portion of the site after purchasing it for about $84 million from Bank OZK, which confirmed the sale in a regulatory filing Thursday.