From the new building at the corner of Lake Street and Forest Avenue to the giant construction cranes a few blocks to the west, it’s hard to miss the development in downtown Oak Park that is bringing new energy to the heart of the community.
Four major construction projects either nearing completion, well underway or soon to begin within blocks of Lake Street are adding new residential units, retail space and public parking to the market mix of Oak Park’s central business districts.
Even as contractors are putting the finishing touches on Vantage Oak Park at Lake Street and Forest Avenue, residents already are moving into the property’s 270 rental apartments, and Cooper’s Hawk Winery & Restaurant and Edward-Elmhurst Health have signed leases to occupy the building’s 25,000 square feet of retail space next year.
Rising 21 stories, Vantage now is the tallest building in Oak Park and also includes 300 dedicated public spaces within an integrated 588-car parking garage.
Meanwhile, work is progressing steadily at a development site on the south side of Lake Street just east of Harlem Avenue. Currently called Elevate Oak Park, the project rises five stories on Lake Street, then steps back into a 20-story structure on North Boulevard.
In addition to 270 apartments and 26,000 square feet of retail space, the project includes a new block of Maple Street on the site’s western edge and 400-space-plus parking garage.
Construction also is expected to begin on a 12-story mixed-use development at Harlem Avenue and South Boulevard and the five-story District House condominium development at Lake Street and Euclid Avenue.
When the dust from construction settles, these four projects will add more than 830 residential units, 65,000 square feet of retail space and 1,400 new parking spaces from $242 million in private investment.
For more information on development in Oak Park, visit www.oak-park.us/development.