Oakbrook Terrace is the home to corporations like Ferrara Candy Company, Redbox, Graycor, the Chicago Automobile Trade Association, BCS Financial and The Joint Commission. With over 4,000,000 square feet of office development that is minutes away from downtown Chicago and O’Hare and Midway Airports, Oakbrook Terrace is a sought after location for corporate headquarters and office users.
Oakbrook Terrace is also the home to award winning restaurants, a large variety of retail choices and seven exclusive hotels that offer diverse meeting venues. Drury Lane Theatre and Conference Center, a critically acclaimed Chicagoland live theatre, also offers residents and visitors from all over the Midwest quality theatre and exquisite meeting venues.
Several significant Oakbrook Terrace commercial real estate projects moved forward in 2013, including:
Terra Vista Oakbrook Terrace
Oakbrook Terrace recently attracted a 70,000 SF senior care development. Construction on the 3.8 acre parcel is already underway and the new facility is expected to open in the beginning of 2015 at 1635 S. Ardmore Ave. The development will house 106 units/110 beds for individuals with Alzheimer’s and various other forms of dementia. With the exception of four 2-bed units, all resident apartments will be private with their own private bathrooms.
Kensington Management Group and Lancaster Health Group have partnered to provide the best of memory care and technology in the field at Terra Vista of Oakbrook Terrace. Mayor Tony Ragucci and 23rd District Illinois Senator Tom Cullerton attended the groundbreaking ceremony in November 2013. Shael Bellows, CEO and President of the Kensington Group, had this to say at the event, “It has been wonderful so far to work with the community of Oakbrook Terrace. Not only is it an outstanding site for this type of project, but the people within the city we have worked with have been delightful, professional and welcoming.”professional and welcoming.”
The Gardner School
The Gardner School in Oakbrook Terrace is an academically focused private preschool for ages 6 weeks through pre-kindergarten. With four other locations in the Chicagoland area, The Gardner School was excited to bring its award-winning programs, research-based curriculum, four-year degreed teachers and state-of-the-art facilities to the Oakbrook Terrace and Oak Brook communities. With over 16,000 square feet of educationally engineered classrooms, playgrounds, indoor covered play areas, a cafeteria and a dedicated enrichment program studio, The Gardner School will provide a diverse and well-rounded experience for all of its students. At maximum licensed capacity, the school will hold 206 students with an estimated 35 full and part-time employees. Feel free to stop in or call to schedule a tour and discover The Gardner School difference firsthand.
Drury Lane Theatre and Conference Center
In 2013, Oakbrook Terrace’s Drury Lane completed Phase 1 of its extensive renovation. The renovations included the 27,000 square foot Grand Ballroom, the Main Lobby, Cocktail Lounge, and The French and The English Dining Rooms. The inviting new spaces feature a sophisticated European design aesthetic with top-of-the-line furnishings, original artwork and elegant décor.
Phase 2, set for completion in mid-2014, will include the renovation of the Courtyard Restaurant and the Theatre Bar. The space has been designed to suit a wide range of events, from black tie galas to corporate meetings and trade shows. Please, visit the theatre, restaurant or meeting venues and you will be amazed by Drury Lane’s elegant new look!
Oakbrook Terrace Square
Oakbrook Terrace Square is a newer retail development in the City that provides a village setting, complete with beautifully landscaped pedestrian walkways that include attractive plantings and seating areas to encourage outdoor gathering while shopping. All infrastructure has been completed and the remaining 40,000 SF of construction began in late 2013. The new center already features 58,000-square-foot grocer, Pete’s Fresh Market, plus an additional 83,000 SF of shopping, dining and services tenants that include Hokkaido Steakhouse and Lounge, Supremeville, Caribou Coffee, Subway, BMO Bank, Felipe Salon and Day Spa, Pearle Vision, Premier Tax Services, Super Cuts, Luxury Nails, JPA Pappa’s Account Group, Payday Loans, RJ Jewelry and Insurance Plus.
Other New Businesses
The Greater Oak Brook Chamber of Commerce and Economic Development Partnership welcomed SIRVA (53,000 SF) to Parkview Plaza, JP Morgan Chase Private Bank to One Lincoln Center (11,000 SF), American Family Insurance at Oakbrook Terrace Corporate Center at 1901 S Meyers Rd. (18,616 SF) and CSP Media to Oakbrook Terrace Tower (13,398 SF).
Other New Retailers and Restaurants
In 2013, the Greater Oak Brook Chamber of Commerce and Economic Development Partnership also welcomed the following retailers and restaurants to Oakbrook Terrace:
Supercuts – Oakbrook Terrace Square Shopping Center
A’Lovish Spa – 17W300 22nd St.
Wing Stop – 17W629 Roosevelt
OPA Estiatorio – 1S130 Summit Avenue
Bijou Bridal & Special Occasion – 17W170 22nd Street
Beppe’s Italian Deli & Café – 17W580 Butterfield Road, Unit E
Rainbow Cow – 17W635 Roosevelt Road
uBuild Pizza & Trugurt Yogurt- 18W048 22nd Street
Trugurt Frozen Yogurt – 17W420 – 422 22nd Street