This week, YIMBY toured the newly opened Optima Lakeview apartments in Lakeview East. The seven-story mixed-use building, situated at 3460 N Broadway, replaces a former Treasure Island Foods grocery store and parking lot. The project was spearheaded by Optima, a design-driven real estate development firm based in Chicago. The developer has delivered numerous other projects in the city, including Streeterville’s Optima Signature and Optima Center, as well as in Arizona.
The concrete core has reached its full height for a 27-story mixed-use building at 160 N Elizabeth Street in the Fulton Market District. This 293-foot-tall edifice planned by Moceri + Roszak is set to yield 9,000 square feet of retail space and 375 rental units, 20 percent of which will be affordable under ARO. There will be a mix of studios, one-, two-, and three-bedrooms, and many of the units will also come with private balconies.
Demolition and site clearing work is now underway for a 25-story mixed-use tower at 868 N Wells Street, the second building in the broader “North Union” scheme set to transform the north end of Chicago’s skyline. The tower will yield 428 rental units atop 12,000 square feet of retail. Currently underway the sibling tower at 920 N Wells Street is making significant construction progress, with much of the first floor’s superstructure now taking shape. This slightly shorter building will stand 18 stories and offer 10,000 square feet of retail and 228 apartments.
Following up on last month’s demolition permit article, partial site clearing has begun for a 21-story mixed-use tower at 741 N Wells Street in River North. Planned by Vista Property Group, the development will integrate with a historic three-story brick building at its northwest corner bordering the intersection of W Chicago Avenue and N Wells Street.
More detailed plans for Shapack‘s West Town megadevelpmont have now been reviewed by the Committee on Design. Now called “NOMA,” the 3.25-acre assemblage in the River West area of West Town would yield 1,500 new residential units, a hotel, and a multitude of new commercial options. The assemblage revolves around the former Salvation Army Building, which Shapack will convert to a new 141-key hotel and restaurant venue designed by Eckenhoff Saunders Architects. The existing multi-tone masonry facade will be refurbished and have its windows replaced. There will also be a new masonry penthouse enclosure added atop a portion of the roof.