(OAK BROOK, IL) – Hines, the international real estate firm, today announced that Oak Brook Commons, a premier mixed-use community of retail, residential, office and hospitality, will add regional brewery Alter Brewing as a restaurant tenant to the mixed-use development.
Alter Brewing Co. has been making award-winning craft beer since December 2015. In 2020, it opened its first Alter Brewing + Kitchen concept in St. Charles, IL marrying its award-winning beer with “altered comfort” cuisine and a full wine and spirits program. The company’s shift to industry-leading hospitality while keeping its craft beer roots is clear with their newest location in Oak Brook Commons.
Alter will join Fogo de Chão, an internationally renowned steakhouse that was founded in Southern Brazil in 1979. Fogo elevates the centuries-old cooking technique of churrasco —the art of roasting high-quality cuts of meat over an open flame—into a cultural dining experience of discovery. In addition to its Market Table and Feijoada Bar, which includes seasonal salads and soup, fresh vegetables, imported charcuterie and more, guests are served simply seasoned meats that are butchered, fire-roasted and carved tableside by gaucho chefs. Fogo is scheduled to open late 2021.
“We are thrilled to welcome these exciting new tenants to Oak Brook Commons,” commented Greg Van Schaack, senior managing director at Hines. “We look forward to continuing to add impressive restaurants and retailers to serve residents, employees, and visitors to the Oak Brook Commons community.”
Ken Henricks, President of Alter Brewing stated, “As we embark on an aggressive growth period of our hospitality division, I can’t imagine a better scenario for our 3rd location than what Hine’s has put together with Oak Brook Commons. The co-tenancy is world class, the mixed-use development plan is perfectly balanced, and the location coupled with its vibrant surrounding communities present an A+ opportunity. In short…we’re ecstatic!”
One Oak Brook Commons is a luxury rental residential community featuring 250 residences and resort-style amenities, including a rooftop pool deck, indoor/outdoor fitness center, club room, rooftop lawn with sunning hill, sports lounge with golf simulator, private resident library, and co-working lounges. One Oak Brook Commons is scheduled to welcome its first residences in January 2022.
In addition to five retail/restaurant pads, at completion, Oak Brook Commons will consist of 250 Class A residential rental units, 210,000 square feet of creative office, 80,000 square feet of medical office, 52 residential condos and a 250-key hotel. 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 255 cities in 27 countries. Hines oversees investment assets under management totaling approximately $83.6 billionÂą. In addition, Hines provides third-party property-level services to more than 367 properties totaling 138.3 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,486 properties, totaling over 492 million square feet. The firm currently has more than 171 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational 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. ÂąIncludes both the global Hines organization as well as RIA AUM as of June 30, 2021.
About Alter Brewing
Founded in 2015 Alter Brewing is headquartered in Downers Grove, IL and is currently in the top 90th percentile of Illinois craft breweries by production volume. Alter’s hospitality arm includes its Downers Grove Tap Room (2015) and Alter Brewing + Kitchen in St. Charles, IL (2020). Widely distributed in the Chicagoland area Alter’s award winning year round and seasonal offerings can be found through numerous retail partners.
