Aug
09

Work to Begin on Controversial Condo/Hotel Tower

August 09, 2010

When someone says Oak Park, many think of Frank Lloyd Wright classic architecture. So, it seems natural for residents there to oppose the construction of what will soon be one of the tallest buildings in the suburbs.

The proposed 20-story hotel/condo tower in Oak Park.

Regardless, the plan is going forward to build a 20-story glass tower in the western suburb, and demolition for the hotel/condo project begins today.

A one-story building on the corner of Lake Street and Forest Avenue is set to be taken down Monday to make room for the tower, which will include 85 condominiums, a 140-room hotel, two stories of retail space and a 510-space parking garage.

Parking is scarce in Oak Park, and part of the structure being razed today is a parking garage.

Many residents opposed the tower project, stating that its height and modern design would clash with Wright’s historic architecture in Oak Park. Still, the Village Board granted its approval in March.

The developer, Sertus Captial Partners LLC of Chicago, must submit final plans for the $85-million project by the end of the year; grass will be planted on the vacant lot until construction begins.

Sertus believes that the hotel alone will create more than 100 full-time jobs and generate more than $10 million a year, which equates to almost $300,000 in local taxes.

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