JDL, Kayne Anderson close on $84M former Lincoln Yards site; Bank OZK took loss on debt from Sterling Bay, Lone Star Funds

9/30/2025

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The Real Deal

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• Subcategory: Land: Commercial, Land: Housing

• Tag: JV-Partnership | New Construction | Sale

• Additional Filters-Subcategory: Land: Multifamily, Land: Office

• Company: JDL Development, Kayne Anderson Capital Advisors, Bank OZK (NASDAQ: OZK), Sterling Bay

Key Points
JDL and Kayne Anderson purchased the northern portion of the former Lincoln Yards site for approximately $84 million from Bank OZK, which took a loss on the deal.
The new plan for the renamed "Foundry Park" project focuses on residential development, with plans for up to 3,300 new housing units, scaling back commercial office space and infrastructure improvements.