Optima Signature

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Optima Signature
20170924 Optima Signature 02.jpg
Optima Signature in September 2017
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Location within Near North Side, Chicago
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Optima Signature (Illinois)
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Optima Signature (the United States)
Former namesOptima Chicago Center II
General information
StatusCompleted
Type Residences
Location Chicago, Illinois Google Maps Location
Address220 E. Illinois St.
Coordinates 41°53′28″N87°37′18″W / 41.89111°N 87.62167°W / 41.89111; -87.62167
Construction started2014
Completed2017
Height587 feet (179 m)
Technical details
Floor count57
Other information
Number of units490

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]

Contents

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 571 square feet (53.0 m2) to 1,316 square feet (122.3 m2). The Apex residences on the upper 15 floors include 139 one-, two- and three-bedroom units, as well as penthouse apartments, ranging from 747 square feet (69.4 m2) to 2,583 square feet (240.0 m2). [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 58,000 square feet (5,400 m2) of commercial space. [1]

See also

Notes

  1. 1 2 3 4 5 6 McKuen, Pamela Dittmer (August 22, 2017). "New Streeterville residential high-rise boasts over an acre of amenity spaces". Chicago Tribune . Retrieved September 11, 2017.
  2. ↑ Rodkin, Dennis (January 12, 2017). "Want dibs on a David Hovey apartment?". Crain's Chicago Business . Retrieved September 11, 2017.
  3. ↑ Kamin, Blair (August 8, 2014). "Chicago's Sliced High-Rises Make a Bold Statement". Chicago Tribune . Retrieved September 12, 2017.
  4. ↑ Maidenberg, Micah (October 30, 2014). "Next up for Streeterville: 498 more apartments". Crain's Chicago Business . Retrieved September 12, 2017.
  5. ↑ Gallun, Alby (June 23, 2015). "Streeterville apartment project scores $160 million construction loan". Crain's Chicago Business . Retrieved September 12, 2017.
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