Hines Announces Construction Milestone for One Oak Brook Commons

(OAK BROOK, IL) – Hines, the international real estate firm, today announced the topping out of One Oak Brook Commons, the first-ever rental apartment development in the Village of Oak Brook.

One Oak Brook Commons will be a 17-story, Class-A high-rise building with 250 luxury apartment homes and 420 parking stalls within a secured private parking deck. The community is located at the epicenter of the 16.5-acre Oak Brook Commons mixed-use master plan being developed by Hines. The Oak Brook Commons community will include restaurants, retail, creative timber office space, medical office, condo and hotel developments, all surrounding a new public park named The Pitch.

The residences will average a gracious 1,055 square feet and will offer upscale finishes and fixtures that will set a new standard for quality in suburban Chicago. The project will also offer an elevated resort-style amenity deck, featuring a heated pool, cabanas, outdoor kitchens and private lawn, as well as a high-end private fitness center, club room, resident library, dog run, pet spa, modern package facilities and significant bicycle storage.

“We’re very proud to celebrate the topping out of this new Class A multifamily project,” said Greg Van Schaack, senior managing director at Hines. “When delivered, One Oak Brook Commons will provide residents with not only unparalleled views, but impeccably designed community amenities. Residents will have suburban Chicago’s best restaurants and retail steps from their front door.”

Antunovich Associates is the Architect of Record for the development project, and W.E. O’Neil will serve as the general contractor. Occupancy is scheduled for early 2022. For more information please visit www.oneoakbrookcommons.com.

About Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 240 cities in 27 countries. Hines oversees a portfolio of assets under management valued at approximately $160.9 billion¹, including $81.7 billion in assets under management for which Hines serves as investment manager, and $79.2 billion representing more than 172.9 million square feet of assets for which Hines provides third-party property-level services. Historically, Hines has developed, redeveloped or acquired approximately 1,450 properties, totaling over 485 million square feet. The firm has more than 180 developments currently underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information. ¹Includes both the global Hines organization as well as RIA AUM as of December 31, 2020.