Optima Begins Construction on Chicago Mixed-Use Community

Located in the Lakeview neighborhood, the 198-unit luxury property is slated for 2022 delivery.
Optima Lakeview. Image courtesy of Optima Inc.

Optima Inc. has started construction on Optima Lakeview, a seven-story, 198-unit luxury mixed-use development with street-level retail in Chicago’s Lakeview neighborhood. The transit-oriented development is set for completion in 2022.

Located at 3460 N. Broadway, the building is replacing a shuttered grocery store and parking lot. It will have nearly 14,000 square feet of commercial space fronting Broadway. The design-driven real estate development firm is known for its modern design aesthetics. It’s most recent development in Chicago is the 57-story Optima Signature, a LEED Silver Certified building completed in 2018 that features 490 units and 1.5 acres of amenity space.

Optima Lakeview is designed to complement the Lakeview neighborhood. It will have a series of setbacks with landscaped terraces on the upper levels of the building. A landscaped interior atrium will run through its seven-story core and be enclosed by a skylight to bring natural light into the building’s interior. The residential units, which feature one-, two- and three-bedroom floorplans, and building amenities will be arranged around the atrium. David Hovey Sr., Optima CEO and an award-winning architect who designed the building, said in a prepared statement noted that as more people work from home they are craving natural light.

He said the firm also designed the units to accommodate work-from-home needs with an average apartment size of 1,053 square feet, significantly larger than what’s currently available in the market. Hovey said the property will also have two conference centers and a business center as well as several indoor and outdoor seating areas and multiple technology providers from which residents can choose. Smart home technology will also be incorporated including keyless unit entry and smart thermostats and lights.

Residents will have access to a suite of concierge services including contract-free home package delivery and Optima Connect, which offers exclusive benefits and discounts to residents at local businesses or to use for room service, fitness classes and housekeeping.

Amped Up Amenities

Amenities will be spread throughout the seven stories and include a rooftop sky deck with pool, spa, terrace and party room. Other offerings include an indoor basketball court, golf simulator and putting green, fitness center, yoga/stretching room, sports lounge, children’s play room, game room, demonstration kitchen and a dog park and pet spa. The building will have 94 enclosed parking spaces and storage for 208 bicycles. The TOD property is close to public transportation including multiple bus and train lines.

Optima Lakeview is located steps from Lake Michigan and a short walk to Wrigley Field. It is also near the Sydney R. Marovitz Golf Course, Waveland tennis courts and softball fields, Belmont Harbor and the Lakefront Trail as well as numerous restaurants, bars, theaters and retailers.

Last week, Optima, which has offices in Glencoe, Ill., and Scottsdale, Ariz., announced it had opened the second tower of its $500 million Optima Kierland Apartments project in Scottsdale. Built by a joint venture between Optima and Principal Real Estate Investors, 7140 Optima Kierland, a 213-unit, 12-story building, finished construction in June and is already at least 40 percent leased. The first phase, 7160 Optima Kierland, has 150 units in 10 stories and opened in May 2017.