AECOM's Tishman Construction breaks ground on Lake + Forest Development in Oak Park, Ill.
Mixed-use project will include 270 rental apartments
NEW YORK, Oct. 14, 2014 /PRNewswire-USNewswire/ -- On Thursday, October 9, 2014, Tishman Construction, an AECOM company, joined project developers Golub & Company and Wood Partners along with Village of Oak Park officials to celebrate the groundbreaking of a new 540,000-square-foot mixed-use development, Lake + Forest, in Oak Park, Ill.. As the project's general contractor, Tishman will be responsible for the construction of the 21-story, 270-unit residential complex, which will include 30,000 square feet on the ground floor for retail as well as an enclosed parking garage with 588 spaces.
"We are proud to work with Golub & Company and Wood Partners to build this high-profile project in the Village of Oak Park," said Gary Thalheimer, executive vice president of Tishman's Midwest region. "The Lake + Forest development will be a wonderful addition to the downtown Oak Park area. We are committed to successfully realizing this vision not only for our clients, but the village, area residents and business owners as well."
Construction on the development is scheduled to take 18 months, including 12 months for the completion of the new parking structure. Golub & Company and Wood Partners will own and manage the residential and retail portions of the development, and the Village of Oak Park will own and operate the parking garage.
"Lake + Forest is a milestone project that will enhance downtown Oak Park, generate significant economic benefits, and spark more investment in the area," said Lee Golub, executive vice president of Golub. "Our working partnership with Tishman gives us confidence that we will deliver a successful and beautiful building that the community will embrace and be proud of for years to come."
About Tishman Construction
Founded in 1898, Tishman Construction, a wholly owned AECOM subsidiary, is one of the world's leading builders, currently managing construction for the 1,776-foot-high One World Trade Center, the Javits Convention Center expansion and renovation in New York, the new headquarters for the U.S. Department of Homeland Security in Washington, D.C., and phase one of Greenland USA's Metropolis mega development in Downtown Los Angeles, California. Known for successfully managing complex, iconic projects, Tishman is responsible for the construction of more than 450 million square feet of space, incorporating facilities of every size and type, including arts and culture, commercial, convention centers, education, gaming, government, healthcare, hospitality, residential, retail, sports and leisure, technology and transportation. More information on Tishman Construction can be found at www.tishmanconstruction.com. Follow Tishman on Twitter at @TishmanBuilds and like Tishman Construction on Facebook.
About AECOM
Ranked as the #1 engineering design firm by revenue in Engineering News-Record magazine's annual industry rankings, AECOM is a premier, fully integrated infrastructure and support services firm, with a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees — including architects, engineers, designers, planners, scientists and management and construction services professionals — serving clients in more than 150 countries around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural and social environments. A Fortune 500 company, AECOM had revenue of $7.9 billion during the 12 months ended June 30, 2014. More information on AECOM and its services can be found at www.aecom.com.
SOURCE AECOM
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