What is actually getting built in Chicago in 2026
Chicago entered 2026 with one of the thinnest construction pipelines among major US metros, and that scarcity changes the job a rendering has to do. When very little is breaking ground, the projects that do move are scrutinized harder, by more parties, for longer.
The 78. Related Midwest's $7 billion mixed-use plan covers roughly 62 acres of former rail land on the South Branch of the Chicago River in the Near South Side, with work scheduled to start in 2026 and completion targeted around 2030. About $425 million in tax increment financing was approved for infrastructure. A district of that scale is sold in phases, which means the visualization has to hold up as both a master plan image and a building-level image, and the two have to agree with each other.
Foundry Park. The City Council approved Sterling Bay's roughly $3 billion redevelopment of the northern portion of the former Lincoln Yards site, with about 3,737 units planned and completion targeted around 2032. Long horizons like this one mean the renderings produced today will be quoted back to the team for years.
Fulton Market. The Fulton at 919 W. Fulton Street opened in late January, the only high-end office building to break ground in Chicago since 2023, at a cost near $350 million and roughly 60 percent leased at opening. It pairs new construction with the conversion of the original Schwinn bicycle factory, which is the pattern Fulton Market keeps repeating: old industrial bones, new performance, and a tenant base that expects the character of the original building to survive.
Honest read: this is not a boom market. It is a market where fewer projects are competing for a smaller pool of attention and capital, and where the ones that communicate clearly get disproportionate benefit.