Sales of condominium homes at Ranquist Development Group’s District House hit the 35% mark, enabling the project to go from the design planning stage to the construction phase in a record amount of time. In the spring of 2016, Ranquist, along with Campbell Coyle Real Estate, submitted plans to the Village of Oak Park for a 28-unit building at 700 Lake Street and quickly was awarded Village approval for the project. The units hit the MLS in August with the opening of the Sales Center at 805 Lake Street, and the brisk sales pace means the project now has the green light to proceed to construction.
For Ranquist’s Cory Robertson, the appeal of District House is multi-faceted. “Since the day we first released our design plans, the public’s response has been overwhelming. Our architects’ forward-thinking designs have struck a chord in a neighborhood known for great architectural history. Also, people in the western suburbs and the city have been looking for high-end condominiums that offer great access to transportation and all the amenities of downtown Oak Park.”
From the beginning, Seattle-based Miller Hull and Chicago-based Northworks sought to create a building in context at the corner of Oak Park’s Lake Street and Euclid Avenue. The contemporary, LEED-certified building features green terraces and walls of glass, but also references the Prairie School of architecture that put Oak Park on the map.
At a time when the majority of condominiums in the village are smaller, newer units or vintage walkups, District House fills a unique niche in offering spacious three bedroom units that will range from 1,700 to 2,000 square feet. Perfect for the down-sizing Oak Park resident who wants to remain in the neighborhood and still have space for guests and entertaining, the units also appeal to young professionals and families looking to put down roots in the community.
The quick pace of presales indicates that the local market is hungry for high-end condominiums, and Robertson expects the sales to continue as the project heads towards construction.
To inquire about condominium homes in District House, stop by the District House Sales Center at 805 Lake Street or call Frank Vithelic at 708.386.1810.