Architect/developer begins TOD project in Lakeview

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Optima, Inc. says it has started construction on Optima Lakeview, a seven-story transit-oriented development (TOD) of 198 apartments with street-level retail in Chicago’s Lakeview neighborhood.

The developer/architect, which according to a building permit application, is acting as its own general contractor, says the project at 3460 N. Broadway, “will reinvigorate the neighborhood by replacing a shuttered Treasure Island grocery store and parking lot.”  The owner is listed as Optima executive vice-president Matthew Cison.

A $60,000 building permit issued on Sept. 22 says it covers “foundation design for the Phase 1 installation and operation of a Manitowoc MD485 Temporary Tower Crane, as per plans.”  Neither the developer nor the building permit specify the project’s overall value.

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“With over 40 years of experience developing in Chicago, we know how exceptional design can enhance a community, so we’re excited to develop the first Optima building in Chicago’s Lakeview neighborhood,” architect and Optima CEO David C. Hovey Sr. said in a statement. “With Optima Lakeview, we’ve incorporated design cues from the surrounding area’s architecture while still staying true to the modern design aesthetic Optima is known for, resulting in a forward-looking building grounded in Chicago sensibility. Both inside and out, Optima Lakeview is very much about drawing people in and helping them stay connected – either with the surrounding community or within the building itself.”

Scheduled for completion in 2022, Optima Lakeview will feature 198 one-, two- and three-bedroom rental units and nearly 14,000 sq. ft. of commercial space fronting Broadway. There will be 40,000 sq. ft. of amenities, Hovey said in a statement.


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