The sale could force JDL to win new approval from City Hall for its own yet-to-be-revealed plans, placing power to shape the development in the hands of Ald. Scott Waguespack, 32nd, and Mayor Johnson.

JDL Development is in negotiations to acquire more than half of the stalled Lincoln Yards megaproject site, Crain’s reported. It marks the most significant momentum for the North Branch property ...

JDL isn’t talking about the potential sales, or any future plans for the site. But the company, founded by CEO Jim Letchinger in 1993, is unlikely to pursue Sterling Bay’s costly vision.

The sale prices for the southern portion of the land isn't clear, but sources told Crain's JDL offered between $55M and $60M for the site, with financial backing from Kayne Anderson Real Estate.