Introduction to Foundry Park

JDL Development’s Jim Letchinger discusses partnering with Kayne Anderson Real Estate to reimagine the long-discussed 31-acre riverfront site as Foundry Park, sharing the vision, lessons from past attempts, and what’s next for the project.

Posted July 11, 2025 8:22am CDT

Background of the Project

The concept of Foundry Park has been in discussion for a long time, with various attempts to develop the 31-acre riverfront site. However, none of these attempts have been successful, and the site has remained unused. JDL Development, led by Jim Letchinger, has now partnered with Kayne Anderson Real Estate to reimagine the site and bring the vision of Foundry Park to life.

Vision for Foundry Park

The vision for Foundry Park is to create a vibrant and thriving community that showcases the beauty of the riverfront. The park will feature a mix of residential, commercial, and recreational spaces, designed to provide something for everyone. The goal is to create a space that is not only beautiful but also functional and sustainable.

Lessons from Past Attempts

Past attempts to develop the site have been unsuccessful due to various reasons. One of the main reasons is the lack of a clear vision and plan. The developers have learned from these mistakes and are now taking a more thoughtful and comprehensive approach to the project. They are working closely with the community, local stakeholders, and experts to ensure that the project is done right.

Partnership with Kayne Anderson Real Estate

The partnership with Kayne Anderson Real Estate is a significant step forward for the project. Kayne Anderson brings a wealth of experience and expertise in real estate development, which will be invaluable in bringing the vision of Foundry Park to life. The partnership will also provide the necessary funding and resources to make the project a reality.

What’s Next for the Project

The next steps for the project involve finalizing the design and plan, obtaining the necessary approvals and permits, and beginning construction. The developers are working closely with the community and local stakeholders to ensure that the project is done in a way that benefits everyone. They are also committed to keeping the community informed and involved throughout the process.

Conclusion

The development of Foundry Park is an exciting project that has the potential to transform the riverfront area into a vibrant and thriving community. With a clear vision, a comprehensive plan, and a strong partnership with Kayne Anderson Real Estate, the project is on track to become a reality. The developers are committed to working closely with the community and local stakeholders to ensure that the project is done right and benefits everyone.

Frequently Asked Questions

Q: What is Foundry Park?

A: Foundry Park is a 31-acre riverfront site that is being redeveloped into a vibrant and thriving community featuring a mix of residential, commercial, and recreational spaces.

Q: Who is behind the project?

A: The project is being led by JDL Development, in partnership with Kayne Anderson Real Estate.

Q: What is the vision for the project?

A: The vision for the project is to create a beautiful and functional space that provides something for everyone, while also being sustainable and beneficial to the community.

Q: What are the next steps for the project?

A: The next steps for the project involve finalizing the design and plan, obtaining the necessary approvals and permits, and beginning construction.

Q: How can I stay informed about the project?

A: The developers are committed to keeping the community informed and involved throughout the process. You can stay up-to-date on the latest news and developments by visiting their website or attending community meetings.

Q: How can I get involved in the project?

A: There are many ways to get involved in the project, including attending community meetings, providing feedback and suggestions, and volunteering to help with the development process. You can also contact the developers directly to learn more about how you can get involved.