Construction of tower in Oak Park, Illinois, will begin in the fall

Posted by IronPlanet on Jan 10, 2012 11:23:00 PM

The construction of a 20-story apartment building in Oak Park - a town near Chicago - is likely to begin later this year, following approval from a group of trustees. The hope is that the building will give the area more of a contemporary, bustling feel, as opposed to the quiet historic district that it currently is.

"Survival depends on greater density in the downtown area," trustee Colette Lueck told the Chicago Tribune. "The business district depends on that … With no vibrant downtown, there's no place to get money other than property taxes."

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Topics: Construction, Industry Headlines