The Village of Oak Park | 123 Madison St.  Oak Park, IL 60302 |

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First step in Lake & Forest development to begin

July 18, 2014 - The scheduled Aug. 4 closing of the aging Lake & Forest public parking garage is the first step toward the long-awaited redevelopment of the high-profile corner at Lake Street and Forest Avenue in downtown Oak Park.

Crews will remove the telecommunication equipment, cameras and other salvageable materials from the garage before the arrival of the wrecking ball in September or October.

Once the site is cleared, officials say it will take about 18 months to complete the 21-story mixed-use structure that will include 270 rental apartments, 25,000 square feet of ground-level retail and an integrated garage with 588 parking spaces.

The $94-million project is projected to create construction jobs while it is being built, retail positions when it is completed and bring in an estimated $1.3 million in new property and sales taxes each year.

Village officials are working with the project’s developers, Golub & Co. and Wood Partners, to minimize impact on traffic and the nearby neighborhood. Specific routes for construction vehicles will be established, along with off-site parking for construction crews and materials staging.

Even with careful planning, officials caution that traffic on Lake Street will be affected as construction gets underway.

As for parking permit holders, visitors, shoppers and employees who used the Lake & Forest Garage, they are being directed to the Holley Court Garage a few blocks to the west of the project.

The Avenue Garage a few blocks to the east at Oak Park Avenue and North Boulevard also can accommodate additional vehicles. In addition, Village officials are exploring options for a valet parking service located near the construction site.

This project is one of several planned for downtown, including a major mixed-use development on the surface parking lot on Lake Street east of Harlem Avenue often referred to as the Colt Building site.

Information on these and other projects, including traffic and parking updates, will be posted at and distributed via enews, the Village's Facebook page and Twitter feed