One Oak Brook Commons achieves 50% leased

One Oak Brook Commons, a new luxury rental building has announced that it has surpassed the 50 percent leased milestone. The upscale 17-story, 250-unit apartment building is located at 2150 McDonald Drive in the heart of downtown Oak Brook, Illinois and offers studio to three-bedroom penthouse floor plans.

Designed by Antunovich Associates and developed by Hines, One Oak Brook Commons is Oak Brook’s first luxury rental residential building. The high-rise sits at the center of Oak Brook Commons, a new mixed-use community featuring its own expansive selection of restaurants, retail, creative office space, medical office space, and a vibrant new park called “The Pitch.”

“We have been thrilled with the market’s reaction to One Oak Brook Commons. The unit finishes and community amenities have set a new standard in the area for luxury apartments,” said David Bach, Managing Director at Hines. “The building also offers direct walkability to Oakbrook Center’s premier dining and shopping, as well as easy access to top-tier golf courses, parks, polo fields, and employment centers.”

“There is significant and increasing demand for One Oak Brook Commons, as exemplified by its speed to achieve this milestone,” said Aaron Galvin, Luxury Living Chicago Realty’s Founder and CEO. “The luxury apartment building began pre-leasing in late 2021 and has achieved the highest rental rates in the suburbs. This quality of rental product has never been available in the western suburbs. We are attracting a diverse renter demographic from neighboring communities, downtown Chicago and quite a few out-of-state renters relocating for jobs nearby.”

All 250 units feature high-end modern finishes, including quartz countertops, under-cabinet lighting, wide-plank flooring and walk-in closets with modular systems. The development also offers residents downtown-quality community amenities, including an elevated pool deck, club-style fitness center, party room, indoor sports lounge with a golf simulator, and dog run.

First move-ins occurred in January 2022. Today pricing for one-bedroom units starts at $1,995 per month. Two-bedroom unit pricing begins at $2,995 per month, while limited three-bedroom units are available starting at $5,495 per month.

Potential renters also have the opportunity to take advantage of exclusive lease incentives on select units.

The team responsible for bringing One Oak Brooks Commons to market is composed of the development team at Hines, management support from Willowick Residential, as well as leasing and marketing expertise from Luxury Living Chicago Realty.