The development company responsible for bringing the Gap and Old Navy to Oak Park, along with Whole Foods Market and Panera Bread in River Forest, is looking to build again – somewhere else.
Skokie-based Taxman Corp. is in the running to develop pieces of land in Hyde Park, owned by the city and the University of Chicago. Taxman Corp. is one of three finalists to develop the city-owned parking lot and a university-owned shopping center, according to a report last month in the Hyde Park Herald.
Taxman Corp. has been a notable entity in Oak Park and River Forest – creating the Shops of Downtown Oak Park (the complex that includes the Gap and Old Navy), River Forest Town Center I (Whole Foods), River Forest Town Center II (Panera), and the Euclid Commons building at Lake and Euclid.
Wednesday Journal named Seymour Taxman, founder and CEO of Taxman Corp., its Villager of the Year in 2001 for his company’s active efforts in Oak Park and River Forest. And in 2006, his company sold two ballyhooed buildings in downtown Oak Park to the village for $7.5 million.
Eleven companies responded to a “request for proposals” issued by the City of Chicago in December. Taxman is one of three finalists. All three proposals include retail space, office space, a boutique hotel, residential units, a parking garage, and a public gathering space, according to the Hyde Park Herald.