Chicago’s skyline is evolving, but so are the neighborhoods that surround it. With several large-scale developments underway, the city is entering a transformative era that will reshape everything from walkability and public transportation to local housing demand. For buyers, sellers, and investors alike, these mega-projects are more than just construction zones — they’re indicators of where real estate values are headed next.
Let’s explore how Lincoln Yards, The 78, and Halsted Pointe will impact the future of Chicago real estate, especially in surrounding neighborhoods like Lincoln Park, South Loop, River North, and Goose Island.
Lincoln Yards: Reviving the North Side
After years of delays and controversy, Lincoln Yards is moving forward again with a refreshed, community-focused vision. The original $6 billion plan has been pared down to something more realistic, but no less impactful. Now called Foundry Park, the updated project includes a blend of residential buildings, green space, walkable corridors, and up to 20 percent affordable housing.
Location: Between Lincoln Park, Bucktown, and West Town
What’s coming: Mixed-use buildings, parks, retail, and transportation upgrades
Impact on real estate: Rising buyer interest in Bucktown and West Lincoln Park due to improved access, livability, and infrastructure
If you're searching for homes near downtown but want more space and neighborhood charm, the areas bordering Lincoln Yards are becoming prime real estate. Walkability is increasing, and appreciation is expected to follow.
Source: Chicago Commercial Group
The 78: A New Neighborhood Takes Shape
The South Loop is about to welcome a brand-new neighborhood thanks to The 78, a 62-acre redevelopment of a former rail yard near Roosevelt and Clark. Named because it’s set to become Chicago’s 78th official neighborhood, this project is one of the largest in the city’s history.
In 2025, it was confirmed that a new 22,000-seat soccer stadium — developed by Joe Mansueto, owner of the Chicago Fire — will anchor part of the district. This is expected to drive even more growth, traffic, and investment into the South Loop.
Location: South Loop, between Roosevelt and Chinatown
What’s coming: Stadium, residential and commercial buildings, riverwalk, park space
Impact on real estate: Demand for condos and rentals in the South Loop and Chinatown expected to increase, especially with improved infrastructure and transit
New construction in the South Loop has already picked up, and with the soccer stadium breaking ground soon, property values are likely to see upward pressure. This is a great opportunity for early investors or buyers looking for long-term upside in a still-affordable neighborhood.
Source: Axios Chicago
Halsted Pointe: Goose Island’s Riverfront Rebirth
Tucked between River North, River West, and Old Town, Goose Island has long flown under the radar. That’s about to change with Halsted Pointe, a 2,650-unit master-planned community being developed by the Onni Group.
The project will include residential towers, a hotel, retail, public green space, and riverfront access — all walking distance to downtown. It recently secured $50 million in financing, with construction expected to begin soon.
Location: Southern Goose Island, near Halsted and Chicago
What’s coming: Apartments, hotel, shopping, riverwalk, and more
Impact on real estate: Increased interest in River West, River North, and Old Town, with early buyer and renter demand already picking up
Halsted Pointe offers a rare opportunity to invest early in a neighborhood before prices reflect its new potential. With proximity to downtown, the river, and multiple CTA lines, this will likely be one of Chicago’s most desirable new areas for modern urban living.
Source: DataBid
Quick Comparison: How the Projects Stack Up
| Development | Neighborhood | What's Coming | Why It Matters |
|---|---|---|---|
| Lincoln Yards | Lincoln Park, Bucktown, West Town | Walkable housing, green space, mixed use | Attracts buyers who want lifestyle and long-term value |
| The 78 | South Loop | Stadium, riverwalk, commercial space | Will create a new destination district |
| Halsted Pointe | Goose Island | High-rise living, retail, public access | Revitalizes an underutilized riverfront |
What This Means for Buyers, Sellers, and Investors
Buyers: These mega-projects are creating new micro-markets within the city. If you’ve been priced out of River North or Lincoln Park, nearby emerging neighborhoods could give you more value with long-term upside.
Sellers: If your property is located near one of these developments, this may be the time to sell while competition is still low and interest is growing. Expect buyers to prioritize walkability, amenities, and proximity to future infrastructure.
Investors: These projects are especially promising for long-term rental income. Whether you’re looking at short-term rentals or long-term tenants, areas surrounding The 78 and Halsted Pointe could be hot rental zones in the next two to five years.
Want help finding the right property near these emerging developments? Let’s talk strategy — I’ll guide you through upcoming opportunities and help you make a smart real estate move.
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