Optima Signature Explained

Optima Signature
Former Names:Optima Chicago Center II
Status:Complete
Address:220 E. Illinois St.
Location:Chicago, Illinois Google Maps Location
Coordinates:41.8911°N -87.6217°W
Map Type:United States Chicago Near North Side#Illinois#USA
Start Date:2014
Completion Date:2017
Floor Count:57
Unit Count:490
Building Type:Residences

Optima Signature (formerly Optima Chicago Center II) is a residential skyscraper in the Streeterville neighborhood of the Near North Side area in Chicago. The 57-story building is a joint venture between Optima Inc. and DeBartolo Development. It opened for occupancy in June 2017.[1] The building has 490 units.[2]

History

Originally named Optima Chicago Center II and planned as a 55-story companion to the neighboring 42-story Optima Chicago Center that had been completed in 2013, the structure was initially planned to potentially be a hotel-apartment hybrid.[3] By the time construction began in late 2014, the structure had a confirmed all-apartment 57-floor plan with 498 units.[4]

Construction was halted for a few months due to the planning process before resuming with $225 million in construction loans from Bank of America, PNC Bank and Fifth Third Bank in mid-2015. These final plans completed in 2015 revised the 57 floor structure to the eventual 490 units.[5]

Description

The building is 57 stories high and includes 490 apartments, which are divided into two luxury classes.[1] The Tower residences on the lower floors comprise 351 studio one- and two-bedroom units, ranging from 571square feet to 1316square feet. The Apex residences on the upper 15 floors include 139 one-, two- and three-bedroom units, as well as penthouse apartments, ranging from 747square feet to 2583square feet.[1] The Apex units have "upgraded finishes and features" as well as private club access.[1]

The entire building has access to two floors of athletic and social facilities.[1] The building also has 58000square feet of commercial space.[1]

See also

External links

Notes and References

  1. Web site: New Streeterville residential high-rise boasts over an acre of amenity spaces. September 11, 2017. August 22, 2017. Chicago Tribune. McKuen, Pamela Dittmer.
  2. Web site: Want dibs on a David Hovey apartment?. September 11, 2017. January 12, 2017. Crain's Chicago Business. Rodkin, Dennis.
  3. Web site: Chicago's Sliced High-Rises Make a Bold Statement. September 12, 2017. August 8, 2014. Chicago Tribune. Kamin, Blair.
  4. Web site: Next up for Streeterville: 498 more apartments. September 12, 2017. October 30, 2014. Crain's Chicago Business. Maidenberg, Micah.
  5. Web site: Streeterville apartment project scores $160 million construction loan. September 12, 2017. June 23, 2015. Crain's Chicago Business. Gallun, Alby.