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RSC Under Way on $40M Transit-Oriented Project

OAK FOREST, IL-The developer starts work on the Gateway, a mix of 78 condos and 37,750 sf of retail on the doorstep of the Metra's Rock Island District Line.

By Gina Kenny | Updated on March 26, 2008

OAK FOREST, IL-RSC & Associates, based in Chicago, will develop a $40-million transit-oriented development with 78 residential units and 37,750 sf of retail. The retail phase will deliver in the fall, shortly before work begins on the residential component.

The development site is an 8.8-acre tract at the northwest corner of 159th Street and Cicero Avenue beside a train station for Metra’s Rock Island District Line. Two five-story buildings will house the residential units and street-level retail plus there will be some retail pad sites. Each building will have a parking level above the retail and three floors of residential units, says Michael Kaufman, president of Naperville-based Knightsbridge Design + Build LLC, the general contractor for the project.

Richard Curto, CEO of RSC, says the average unit will be 1,100 sf. Prices will range from “$170,000 up to $300,000,” he tells GlobeSt.com.

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