Levels Rising on 21-Story Lake and Forest Development

Rendering and photo via the Village of Oak Park.

The Lake+Forest redevelopment project quickly rising on the northeast corner of Lake Street and Forest Avenue reached six levels last week, and the seventh floor is already in the works.

Developers are on track to complete all 21 floors of the $94 million mixed-use building by September, according to the Village of Oak Park.

Electric, gas and fiber services are also being installed in the structure at this time.

“The new utility services also will provide for future Lake Street area development needs as well as improve the reliability of existing utility services in the area,” the project website states.

The building is expected to house 270 rental apartments, 25,000 square feet of commercial and retail space on the ground level and the second floor and a 588-space parking garage.

Read more about the Lake+Forest redevelopment project:

• Lake and Forest Developers Making ‘Proper Progress,’ Village Manager Says
• Oak Park Approves Extension for 20-Story High Rise Development
• Lake and Forest Development On Tonight’s Village Board Agenda
• Lake and Forest Development: The Fiancé Who Stood Us Up?
• Oak Park OKs High Rise Project

The Village Board in Jan. 2012 approved the plans for the retail and residential high rise. Developer Sertus Capital Partners was assigned to construct the parking garage with 300 public and 288 private to replace a deteriorating L-shaped garage.

Lake Street Investors partnered with firms Golub & Company and Wood Partners to move the project forward after one of the project’s strongest investors died and PNC Bank filed a foreclosure suit.