Optima Signature

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Optima Signature
20170924 Optima Signature 02.jpg
Optima Signature in September 2017
Optima Signature is located in Near North Side, Chicago
Optima Signature
Optima Signature is located in Illinois
Optima Signature
Optima Signature is located in the US
Optima Signature
Location within Near North Side, Chicago
Former names Optima Chicago Center II
General information
Status Complete
Type Residences
Location Chicago, Illinois Google Maps Location
Address 220 E. Illinois St.
Coordinates 41°53′28″N 87°37′18″W / 41.89111°N 87.62167°W / 41.89111; -87.62167Coordinates: 41°53′28″N 87°37′18″W / 41.89111°N 87.62167°W / 41.89111; -87.62167
Construction started 2014
Completed 2017
Height 587 feet (179 m)
Technical details
Floor count 57
Other information
Number of units 490

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[edit]

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[edit]

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[edit]

Notes[edit]

  1. ^ a b c d e f 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. 

External links[edit]