Shoppers to lose Colt parking lot soon

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By Timothy Inklebarger

Staff Reporter

Work has begun on the village's most massive mixed-use development, which means village-owned parking lots near Lake and Harlem will soon shut down.

Oak Park Mayor Anan Abu-Taleb, developers and village officials held a groundbreaking ceremony Tuesday morning to kick off the project, which will include 271 luxury apartments, 26,000 square feet of retail space and a five-story parking garage. 

Construction crews already have begun demolishing a portion of 1118 Westgate Street and ComEd, Nicor Gas and AT&T will begin relocating services in anticipation of the massive construction project.

The parking lots south of Lake Street will close in mid-November, and full-scale construction will start in mid-December, according to Tammie Grossman, director of development customer services. Shoppers and those visiting downtown can park in the village's Holley Court Garage at Lake and Harlem.

The project, which is bounded by Marion Street, Harlem Avenue, Lake Street and North Boulevard, will include a five-story building facing Lake Street and a 20-story building facing North Boulevard.

Abu-Taleb said the development is expected to bring 500 new residents to the village and approximately $25 million to the local property tax base.

"Projects of this size can go a long way toward relieving the property tax burden on our residents," he said at the ceremony.

The project is expected to be substantially completed by March 2017, according to a news release.

The village has invested $7 million, which includes the land value, in the $85 million project.

Tim Inklebarger

Contact:
Email: tim@oakpark.com

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Tad Wefel  

Posted: November 8th, 2015 8:50 PM

We are a landlocked community. The only way we can pay more for services going forward is: A) ask more from our existing residents (or argue no one serving the public should get a raise going forward) or B) bring in new residents through more dense housing downtown along major transportation links like the CTA and Metra. People: we are sitting on a GOLD MINE being so close to where the next generation of jobs will be created in the next decade. All of the communities around us in the next decade will eap this benefit, and that includes Austin. As they say, the Good Lord is done making new land. Let's start thinking bigger picture about what incredible land we are sitting on! When Oscar Mayer and Google move their offices downtown, we're the closest alternative outside the Chicago drama. We will reap the benefits and developers are now recognizing this.

June Stout  

Posted: November 4th, 2015 10:31 AM

just in time for the holiday shopping season so shoppers will spend their money somewhere else.

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