Structural work topped out last week for Optima Lakeview, a seven-story development in Lakeview East that will house 14,000 square feet of ground-level retail and 198 apartments above. Optima Inc. is serving as the developer, designer, and general contractor behind the project, located at 3460 N Broadway.
Exterior construction is now complete for a 13-story mixed-use building at 320 N Sangamon Street in West Loop. A joint effort by Tishman Speyer and Mark Goodman & Associates, the 270,000-square-foot project will house a mix of ground-level retail and office space on the above floors. Office floor plates will vary between 24,800 and 28,200 square feet, while stretching 13 feet from slab to slab.
Demolition permits have been issued for a two-story masonry mixed-use building, located at Avondale‘s 3407 W Belmont Avenue. So Holdings LLC is the listed owner, whose plans for the site are not yet known. However, the lot is currently zoned for C1-1 Neighborhood Commercial District, which allows for retail storefronts and apartments on the above floors. C1-1 allows for a maximum height of 38 feet and a floor area ratio (FAR) of 1.2. A FAR of 1.2 permits any new development to have up to 20 percent more square footage than the area of the lot itself.
The Chicago Plan Commission has approved a mixed-use development for Westhaven Park Phase IID in the Near West Side. Located at 1959 W Lake Street, the project site fronts N Damen Avenue spanning from W Lake Street to W Maypole Avenue. The property is located adjacent to the CTA Green Line tracks where a new Damen station is expected. Brinshore Development and The Michaels Organization are the developers behind the proposal.
Construction is now on the 15th floor of 300 N Michigan Avenue, a 47-story mixed-use skyscraper near the northeast corner of The Loop. Sterling Bay and Magellan Development Group have co-planned the 523-foot-tall tower, which will hold 25,000 square feet of retail, a 280-room citizenM hotel, and 289 apartments on the upper floors when complete.
