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Oak Capitals is a Chicago-based property development & equity investor with a track record of acquisition, entitlement and development.

Established in 2006 by Elias Abubeker, Oak Capitals has since acquired residential, industrial, and commercial properties in the neighborhood of several million square feet.

Mr. Abubeker participates as owner/developer, along with other equity partners on projects ranging from $100,000 to $300,000,000.

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Mixed use high-rise

1000M

Designed by internationally renowned architect Helmut Jahn, the building was initially imagined as condominiums, but due to shifting market conditions, ownership moved to a luxury rental concept. After pausing for the pandemic, the project is now proceeding under the supervision of Jahn’s long-time colleague and partner, Philip Castillo. It is a joint venture between Oak Capitals, JK Equities, and Time Equities.

address

1000 South Michigan Avenue

Chicago

il

specs and Amenities

74 stories, 805 ft. tall

738 residential rental units totaling 640,000 sq. ft.

23 affordable rental units

1,000,000 sq. ft. total space

75,000 sq. ft. of indoor & outdoor luxury amenities

Parking for 320 cars

status

under construction

mixed-use low-rise

1006 South Michigan

This 8-story post-and-beam building was built in 1904. A joint venture between Oak Capitals, JK Equities, and Time Equities, it was acquired in 2015 and offers views of historic Grant Park and Lake Michigan.

address

1006 South Michigan Avenue

chicago

il

specs and Amenities

78,881 sq. ft. of office rental space

7,551 sq. ft. retail/show room

Outparcel of land currently used for parking

130,000 sq. ft. of additional development rights

Loading dock

status

90% rented

mixed-use mid-rise

35-22 Parson Boulevard

This building will stand in downtown Flushing, Queens, the fourth busiest business district in all of New York City. As one of the most luxurious living spaces in Flushing, it will feature a rooftop terrace, a food court on the cellar level and a fitness center. It is a joint venture between Oak Capital and East West Construction.

address

35-22 Parson Boulevard

flushing

ny

specs and Amenities

15 stories

54,100 sq. ft. commercial space

Office and community space

75 condos

168 parking spaces

Loading dock

Amenity space

status

Financing phase

mixed-use mid-rise

Flushing Square

This beautiful mixed-use building incorporates the grand foyer of the historic former RKO Keith’s theater which once stood on this spot. Located in Flushing, Queens, it is about 5 miles from Manhattan and has easy access to public transportation. It is a joint venture between Oak Capitals, JK Equities, and Hudson Real Estate.

address

135-35 Northern Blvd

flushing

ny

specs and Amenities

405,095 total sq. ft.

269 condominiums

23,373 sq. ft. of retail space,

15,857 sq. ft. community facility

325 parking spaces

status

Entitled and sold

Luxury independent living

Highwood Senior Residence

This building is a renovated hotel building offering luxury independent living for seniors. Highwood Senior Residences includes a full range of services such as: three meals a day, weekly housekeeping/linen service, organized activities, scheduled transportation and more. The building also plans to include a beauty/barber shop, wellness/therapy facilities, grocery store and an indoor pool/sauna.

address

700 Sheridan Road

highwood

il

specs and Amenities

106 Senior residential units

62,657 rentable sq. ft.

Full commercial kitchen

Commercial dining

Nursing office

Plenty of parking

Restaurant next door – future

status

For sale

Logistics

Lansing Commercial Building

Oak Capitals LLC is the developer for this commercial building, currently in the design phase.

address

2025 E. 175th St.

lansing

il

specs and Amenities

(Planned)

10 acre property

Rented 40,000 sq. ft. commercial building

In design for logistics truck warehouse

status

Entitlement phase

Condominium

Millo Astoria

This elegant condominium building was designed to complement its surroundings, with a combination of dark and silver panels creating a multi-dimensional look. It features a 7,100 sq. ft. communal garden space and a fitness room to promote community. Oak Capitals is the owner of Millo Astoria.

address

14-33 31st Avenue

astoria

il

specs and Amenities

49,000 total sq. ft.

64 condominium units

5 commercial units

32 parking spaces

status

Sold out

apartments

Pima Lansing

Oak Capitals LLC is the owner of this rental building in suburban Chicago. It features remodeled, energy-efficient units with patios and balconies.

address

2147 175th Street

lansing

il

specs and Amenities

144 units

Onsite management/maintenance office

Laundry facilities

Storage area for all units

Plenty of parking

Security cameras

status

90% rented/for sale

Luxury apartments

Rego Park

Upon completion, this best-in-class luxury building will include full-service amenities such as a state-of-the-art fitness facility, resident media room, children’s playroom, resident library and a 21st floor rooftop area with BBQ space. It is located a 3-minute walk from a subway station providing direct transportation to Midtown Manhattan. Rego Park is a joint venture between East-West Construction, Oak Capitals and Jade Century Properties.

address

98-04 63rd Road

queens

ny

specs and Amenities

261 apartments

30% affordable units

157 parking spaces

151,460 rentable square ft.

status

Entitled and sold

apartments

Vesta Lofts

This is a residential loft building in Chicago’s popular South Loop neighborhood. It was designed and renovated by JV of Oak Capitals/Time Equities & JK Equities.

address

125 East 21st Street

chicago

il

specs and Amenities

42 rental units

Communal rooftop deck

Adjacent parking space, purchaser plans to erect high-rise building next door

Commercial space on first floor – Pizano Pizza

Loading dock

status

Sold in 2021

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