Year-in-Review: Oak Park Economic Development Highlights, 2018

Overview: In 2018, OPEDC continued to work closely with the Village of Oak Park to solidify its position as the premier western suburb. New retail came in on Harrison Street, in the Hemingway District, on Chicago Avenue, on Roosevelt Road, in Downtown Oak Park and on North Avenue. Notable new tenants include MORA Asian Kitchen, Poke Burrito, and Rare Bird Preserves. 2018 saw completion and delivery of District House condominiums with all 28 units sold; the building also hosts a ground floor tenant, Club Pilates. Flexhouse live-work spaces on Harrison Street, created by Ranquist Development and Campbell Coyle and designed by Philadelphia architectural firm ISA, sold out before the groundbreaking. Lincoln Properties’ 250-unit mixed use project called Eleven33 near the Harlem el and Metra station is under construction, as is the Albion mixed use building at 1000 Lake Street; The Emerson continued lease-ups in 2018. 2018 was a stellar year in Oak Park. Detailed information on highlighted projects below.

 

senior living

Madison Street: Pete’s Fresh Market and Senior Living Facility

Two projects are planned for Oak Park Avenue and Madison Street. Oak Park’s second Pete’s Fresh Market store is proposed for Madison Street, on the north side of the street between Euclid and Wesley. Smaller retail tenants will join in on the northeast corner of Madison and Oak Park Avenue. Additionally, an eight-story senior living facility has been proposed for 711 Madison Street, on the south side of the street, owned and managed by Essex Communities and planning to offer approximately 120 units to Oak Park seniors.

turano photo1

Roosevelt Road: Turano and Alcuin Montessori School

Roosevelt Road saw two major projects take hold. Turano Baking Company will locate its corporate offices across the street from its Berwyn factory, at 6500-32 West Roosevelt Road in Oak Park. Turano, serving nearly 10,000 customers daily, has expanded drastically and has chosen Oak Park to be the home of its new headquarters building. Down the road toward the west, Alcuin Montessori School, an Oak Park and River Forest institution for more than fifty years, is building a new campus in the 6900 block of Roosevelt Road. The new campus will house an expanded infant and toddler program, as well as a larger middle school to meet increased demand. It will complement their current campus at 324 N. Oak Park Avenue.

              alcuin image                                                                     

tcb

Southtown: The Community Builders Affordable Housing

The Community Builders (TCB) plans to provide high-quality affordable housing for Oak Park’s lower-income workforce (individuals earning between minimum wage and approximately $17 per hour) at 801 S. Oak Park Avenue. The space will offer mostly one-bedroom units with amenities, commercial space, two ground-level live/work spaces and close access to transit such as the CTA blue line.

 

op market

 

 North Avenue: New Developments

 Oak Park Market opened its doors in October, bringing a full-service grocery to the district and offering organic food, a hot food counter, fresh dessert and craft beer. 6545 North Avenue will become residential apartments, and a mixed-use development was begun at 6555 North Avenue.

fh2

Harrison Street: Flexhouse and More

Flexible live-work space at 202-208 Harrison was developed by Ranquist and Campbell Coyle and designed by Philadelphia architecture firm ISA; the four-unit structure sold out before its groundbreaking and was featured in Crain’s Chicago Business and Architect Magazine. Down the street, new restaurant MORA Asian Kitchen opened in late September with a grand opening on October 4. Rare Bird Preserves, offering bespoke jam and jam-making instruction, also opened in October. Long-time Arts District business Cross Fit Spero opened in new space (221 Harrison), Centre Physical Therapy opened its doors at 207 Harrison, and L’institut de français put down roots and began offering French language instruction and conversation opportunities.

 

tilupia

 

Chicago Avenue: New Businesses

Two new businesses moved to Oak Park from River Forest this year. Tulipia Floral Design (pictured) set up shop at 1044 Chicago Ave. Their new neighbors, at 1048 Chicago Avenue, are Clydon Hair Salon and Spa, also formerly of River Forest.

STATISTICS, 2018

24670 Total private investment: $29,900,000

icon_people-business-512 New full-time equivalent employees: 215

shop-2        62,000 new square feet leased; 80,000 new square feet developed

                   

(all numbers are village-wide)

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