{"id":1004105857,"date":"2014-10-20T07:24:47","date_gmt":"2014-10-20T15:24:47","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=299926"},"modified":"2022-12-07T01:35:24","modified_gmt":"2022-12-07T09:35:24","slug":"wood-partners-and-golub-co-break-ground-on-lakeforest-apartment-community-in-oak-park-il","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wood-partners-and-golub-co-break-ground-on-lakeforest-apartment-community-in-oak-park-il\/","title":{"rendered":"Wood Partners and Golub & Co. Break Ground on Lake+Forest Apartment Community in Oak Park, IL"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

Lake+Forest<\/p>\n<\/div>\n

A joint partnership between Wood Partners, LLC and Chicago-based Golub & Company recently broke ground on a 1.6-acre, 270-unit luxury rental community in Oak Park, Ill. Lake + Forest consists of a 21-story, 240,000-square-foot building located on Forest Ave. in the suburban village of Oak Park, and is designed by award-winning architecture firm Gensler. The building will occupy the site of a former city-owned parking structure, according to a news release.<\/p>\n

Lake + Forest will feature 124 one-bedroom units, 106 two-bedroom units, roughly 25,000 square feet of retail and office space facing Lake Street, as well as 288 private and 300 public parking spaces. Amenities include a fitness center, storage areas, a large outdoor deck, expansive hotel-quality lobby, and onsite car-sharing service. Each unit will feature stainless steel appliances, solid-surface countertops, vinyl plank flooring, floor-to-ceiling windows, washer and dryer, while select units will also feature private terraces and balconies.<\/p>\n

\u201cWe couldn\u2019t be more excited to be involved in this complex development and to be co-developing with Golub & Company,\u201d says Clay Iman, development associate at Wood Partners. \u201cThis is the result of a tremendous collaboration with the Village of Oak Park and a lot of folks\u2019 tireless efforts over a period of several years.\u201d<\/p>\n

Conveniently located just minutes away from the city of Chicago, close to shopping and employment centers such as Oak Brook and the O\u2019Hare office market, Lake + Forest will create approximately 300 temporary construction jobs and 8 property management jobs, and is slated for completion by spring 2016. The property is situated in close proximity to medical campuses (RUSH, Loyola, Cook County Hospital, University of Illinois-Chicago Medical Center) and outdoor recreation areas such as Austin Gardens, Cummings Square and Scoville Park.<\/p>\n

\u201cLake + Forest will enhance downtown Oak Park, an already vibrant and beautiful community, and serve as an anchor development for the village\u2019s east end,\u201d Iman says.<\/p>\n

Tishman Construction is the general contractor for the project, while retail leasing will be handled by Golub & Co. and JLL.<\/p>\n

Rendering courtesy of Gensler<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A joint partnership between Wood Partners, LLC and Chicago-based Golub & Company recently broke ground on a 1.6-acre, 270-unit luxury rental community in Oak Park, Ill.<\/p>\n","protected":false},"author":1327,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21742],"tags":[],"class_list":["post-1004105857","post","type-post","status-publish","format-standard","hentry","category-chicago","category-latest"],"acf":[],"yoast_head":"\nWood Partners and Golub & Co. 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