It's been more than a decade in the making, has taken many forms — at one point it was pitched as a hotel — but on a cool September evening, the developers of Oak Park's new high-rise luxury apartment building finally got their day in the sun, literally.
Developers from Golub & Co. were joined by local business and government leaders, apartment hunters and local looky-loos on Sept. 20 for the grand opening of Vantage Oak Park, the 21-story, 270-unit mixed-use luxury apartment building at the corner of Lake Street and Forest Avenue.
State Rep. Don Harmon (39th), Oak Park Mayor Anan Abu-Taleb, Village Manager Cara Pavlicek and other Oak Park dignitaries sipped cocktails and snacked on fancy hor d'oeuvres on the building's rooftop terrace, with downtown Oak Park as the backdrop.
Golub literally rolled out the red carpet in the first floor lobby and invited visitors to check out the model apartments — rents ranging from $1,332 a month for a 486-square-foot studio to $3,070 for a two-bedroom apartment with a den.
Golub in recent weeks announced Cooper's Hawk Winery and Edward-Elmhurst Health as the two commercial tenants that will occupy the 25,000 square feet of retail space on the first two floors of the building.
The Vantage tower also includes a 588-space parking garage.
It's been a long road for Michael Glazier, who has served as lead developer of the Vantage Project throughout. Operating under Sertus Capital Parnters, Glazier early on proposed building a 19-story hotel at the location.
But the world financial collapse in 2008 brought building projects across the nation to a halt. As the economy began to recover, Glazier returned in 2011 with the proposal that ultimately would become the Vantage project.
It is expected to bring an estimated 400 new residents to the village and $1.3 million in annual tax revenue. The project cost an estimated $100 million-plus to build and includes roughly 75,000 cubic yards of concrete.
Answer Book 2018
To view the full print edition of the Wednesday Journal 2018 Answer Book, please click here.
Sign-up to get the latest news updates for Oak Park and River Forest.
|Submit Letter To The Editor|
|Place a Classified Ad|