Bringing value to Chicago's suburbs.
Just west of Chicago’s downtown sits Oak Park, Ill., a historic locale with eclectic charm that is a hotspot for families and young professionals alike. New developments are often met with trepidation as the locals take great pride in the neighborhood they have created. Any new project must bring value to the community, as well as match the aesthetic they've built throughout the years, to be accepted.
The $90 million property offers 460,000 square feet of retail, parking and residential space across 12 stories. With 263 luxury apartments on the top eight levels and a commuter train nearby, offering adequate parking was essential to increase potential revenue for the owner – from tenants and commuters.
Precast also added value to the structure’s exterior, which was incredibly important to earn local praise and acceptance. The developer wanted a brick finish, without the high price tag, or the added thickness. Precast panels solved both issues – providing a structural and design solution in one product.