Optima Brings Property Management In-House at Three Chicago Rentals

Development firm Optima, Inc. will lead property management and leasing services at three Chicagoland Class A rental buildings – its 490-unit Optima Signature mixed-use development in downtown Chicago’s Streeterville neighborhood, the under-construction 198-unit Optima Lakeview in the North Side’s Lakeview neighborhood, and its upcoming 109-unit building in downtown Wilmette, IL, along the North Shore.

While Optima has served as the owner, architect, developer and general contractor for its properties in Chicago and Arizona for more than 40 years, the firm primarily focused its property management services at its Scottsdale, AZ rental communities.

“As we expand our portfolio in the Chicago area with two new luxury apartments in development, it is a natural progression to bring management in-house, enabling us to provide the same level of exceptional service we’ve perfected at our Arizona communities,” said David Hovey Jr., AIA, president and COO of Optima, Inc.

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Multifamily Leaders Share Best Practices for Today’s Amenities

The COVID-19 pandemic has altered many renters’ lifestyles, and multifamily developers and owners have responded through their amenity offerings—from connectivity and additional co-working space for the work-from-home crowd to enhanced fitness spaces for health and wellness.

Multifamily Executive caught up with several multifamily developers and owners—including Lissette Calderon, CEO of Neology Life Development Group; David Hovey Jr., AIA, president of Optima, Inc.; and Stuart Zook, principal and chief Investment officer at Monument Capital Managementan A-Rod Corp company—to see what’s new in their communities and how they are pivoting their amenities to meet renters’ needs and wants.

MFE: Are you planning to introduce any new indoor amenities at your properties in 2022?

Hovey: Our communities celebrate the fundamental connection between design and nature, and Optima Lakeview’s design will reflect that with a striking atrium that runs through the core of the seven-story building. The building’s two-story fitness center will feel especially spacious given that it will be flooded with natural light from the atrium. This design also allows us to spread out equipment and encourages good air flow, which will add to the wellness aspect for our residents.

 

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Companies are Using Carrots, Not Sticks, to Get Workers Back as Hopes Fade for Post-Labor Day Return to the Office

Michelle Feuillerat works remotely most days but makes a special effort to come into the office on Mondays or Fridays, which her firm, Zurich North America, dubs bring-your-dog-to-work days.

The executive assistant loads Sunshine, her yellow Labrador retriever, into the car and drives from her home in northwest suburban Crystal Lake to the insurance company’s Schaumburg headquarters, where Sunshine cavorts with other employees and their dogs.

Company officials believe pet dogs bring a touch of home to the office. It’s all part of an effort to change workplace culture and encourage employees to return to the office, at least for several days per week.

“We have been very focused on making sure employees are comfortable with the environment,” said Zurich North America Chief Human Resources Officer Laura Rock. “It’s not just an office where you sit in front of your screen doing Zoom calls.”

Most Chicago-area firms are adapting to COVID-19 the same way. Instead of giving employees hard deadlines to leave comfy home offices, most are enticing people back with new amenities and perks, including the option to stay home for a portion of the week.

It’s a big change from how the return to the office was first envisioned, according to market experts. Many companies planned to make a sharp break with the past after the Labor Day holiday, designating it as the date when workers finally returned. Similar hopes were pinned to the first two Labor Days of the pandemic.

But the tight labor market, and the difficulty in recruiting new hires, means popular work-from-home options are here for the foreseeable future. That leaves uncertainty hanging over a market already plagued by high vacancies, because it could take office users months to calculate just how much space they will need in the future.

“The conversations over the past couple of years has gone from ‘We’re going to return when it’s safe’ to ‘We’re going to do what the employees want to do,’” said Jim Adler, executive vice president of commercial real estate firm NAI Hiffman. “So, there is a little bit of a tug of war going on, but (employees) have been shaping the return to the office.”

Zurich North America began allowing dogs in April, and over the past six months brought other new touches to its gleaming, 11-story complex, first opened in 2016 and familiar to anyone driving through Schaumburg on I-90. The company broke down some walls on the 11th floor to create more open spaces, and the facility also now includes a cafe that serves beer and wine in the late afternoons, new outdoor patio furniture and a fire pit.

But it’s the dog days that Feuillerat, who started with the firm in April, said she finds special. Feuillerat doesn’t have a set schedule of in-office days but does come in when she needs to meet someone in person, and if it’s a Monday or Friday, Sunshine makes it easy to break up the routine and get to know other dog lovers.

“I meet people from different departments that I probably would never get a chance to meet, but we all bring and bond over our dogs and also learn about each other’s lives,” she said.

Feuillerat said eliminating her commute on most days also makes it easier to juggle work responsibilities while taking care of Sunshine, other pets and her two children.

“I find myself being more productive because I don’t have that 35-to-40-minute drive from Crystal Lake,” she said.

Only a tiny number of the 2,200 employees assigned to Zurich’s Schaumburg headquarters now come in four or more days a week, according to Rock. Roughly 30% of its 9,000 employees across the nation work remotely because they’re out in the field meeting clients, and the rest visit their office between one and three days per week.

Zurich isn’t setting hard deadlines for office workers who don’t show up often, Rock said. Remote working has been largely successful for Zurich, with high productivity, so leaders will be content if employees starting after Labor Day return more frequently over an extended period as their comfort increases, eventually forging new routines, with working hours split between work and home.

“Post-pandemic, it’s just how we work,” Rock said. “Employees are expecting that level of flexibility from their employers.”

Insurance firm Allstate Corp. took an even bigger step than Zurich. In 2021, company officials announced they were selling Allstate’s 2 million-square-foot headquarters in suburban Northbrook for $232 million and moving to a much smaller building in Chicago’s Loop because so many employees were working remotely.

According to a 2022 Pew Research Center survey, 61% of those working from home now prefer it over their office jobs. That’s a big shift from early in the pandemic, when 36% of those surveyed said they chose to work at home, with the remainder doing so simply because their offices had closed.

Commercial real estate firm JLL surveyed office employees this year and found that most want jobs with work-from-home options, with technology and finance workers stating that such flexibility is the equivalent of a 10% salary increase. JLL also forecasts that more than half of companies will offer remote working to all employees by 2025.

“I was with a financial client yesterday who has 60 positions to fill,” Adler said. “And they told me the first question from every job applicant is what the hybrid schedule looks like.”

The tight job market means employers have good reason to be accommodating, for now at least, said Cassandra Francis, principal of Kariatid, a Chicago-based real estate planning and management firm. And with so many employees loving the freedom of working from home and skipping long commutes, whether companies can successfully lure people back is still unknown.

“We’re in this strange place where even though we’ve had high inflation and rising interest rates, employment is still high, so it’s very hard to find people,” Francis said. “Employees still have more leverage and just a bit more say.”

U.S. Bureau of Labor Statistics data show the U.S. economy created 528,000 new jobs in July, and the unemployment rate sank to 3.5%, reaching the pre-pandemic rate and tied for the lowest unemployment rate since 1969. August was another solid month, with 315,000 jobs created.

But young people and new hires are likely to be required by many corporate leaders to spend more time in the office, Adler said.

“I think there are some strong opinions that workers, especially ones in their 20s and 30s, need to be in the office more than they realize,” he said.

Rock said she agrees. Zurich fills many of its apprenticeships with young people just out of high school, and both this group and other new hires will spend significant time at headquarters, meeting with coaches and mentors to learn how the insurance industry works.

“There is a certain value to doing that in person,” she said.

Other Chicagoland firms are adopting similar strategies. Discover Financial Services decided that the first cohort of 75 hires for its new data analytics center will work at the firm’s downtown Chicago office at 350 N. Orleans St. for three days a week, according to spokesperson Matthew Towson. A new cohort of at least 75 will join the program in 2023.

Workers did return to Chicagoland offices in greater numbers over the course of this year. According to Kastle Systems, a security firm that tracks card swipes, the metro region’s office occupancy hit 42.5% on August 24, almost equal to the national average and up from 27.1% in January.

But large-scale use of remote working seems likely to continue for a long time at firms such as Discover.

“The company overall continues to employ a hybrid work model where employees have the option to work fully remote or in the office,” Towson said. “This applies to new hires as well who are not part of the (new data analytics) program.”

Working at home, with all the conveniences and comforts, is just too alluring to give up, said Desmond Lathan, a property manager and leasing agent who runs a four-person team for Chicago’s Fulton Grace Realty.

“Prior to the pandemic, I was in the office every day, but it’s changed the way I look at going to the office,” Lathan said. “I’ve run my business from my home for two years now, and I’ve found that people are equally productive at home.”

Lathan said moving into Optima Lakeview, a seven-story apartment complex that opened earlier this year in the Lakeview neighborhood, made working at home even easier. Like an increasing number of apartment developers, Optima provides its residents, many of whom work from home, with high-tech conference rooms and a business center, among many other amenities.

“When it’s time for our weekly meeting, I’m saying: Where do I want to be, in my office, in my home or in Optima’s conference center?” Lathan said. “Everybody has choices now.”

Other large corporations claim they’re also all-in when it comes to mixing remote and in-office work.

“We know that the workplace has changed as a result of the global pandemic and we see a flexible hybrid work schedule as the future and new normal for Groupon,” said Nicholas Halliwell, spokesman for the Chicago-based daily deal company, which has about 800 Illinois-based employees and still occupies office space at 600 W. Chicago Ave. on the Near North Side.

“While it’s still early, many Grouponers have favored a remote working environment, although some are also adopting a hybrid approach,” he added. “We’ve also made the decision to open up most of our open U.S.-based roles to remote work, which is showing some promising, early returns in our efforts to recruit the best, diverse talent.”

Even companies committed to bringing people to the office almost every day recognize the need for some remote work. About 60 people work at the South Loop headquarters of James McHugh Construction Co., and other than during the initial COVID-19 emergency in early 2020, most are in the office every weekday, according to company President Michael Meagher, largely to show solidarity with their construction workforce, which is in the field on job sites.

“Our office culture is that we’re here to support the field,” Meagher said. “And it’s hard for us to support them effectively and then turn around and say, ‘we can work wherever we like.’”

The company does allow a limited amount of remote working, but typically it’s just one day per week.

“We think we needed to do that to be more competitive in the marketplace,” Meagher said.

 

Read more on Chicago Tribune

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Reality Check: Who’s Really Living in Multifamily Now?

Earlier this year, rental housing economist and consultant Jay Parsons parsed renter data released by multifamily REITs and found income levels rivaling those of middle-class homeowners—Equity Residential reported typical renter income of $169,000; Essex Property Trust, $131,000; and Camden Property Trust, $120,000—and rent-to-income ratios ranging from 19% to 22%.

This data proves that developers and policymakers need to update their perceptions about who today’s renters are and why they rent, Parsons says. “The bottom line is that there are a lot of people who are making good incomes and want to be renters.”

The Harvard University Joint Center for Housing Studies found that the number of renter households with incomes of $75,000 or more has risen 43%, to 13.5 million, since 2010. The number of affluent renters is also growing in 35 of the 50 most populous U.S. metros, according to a Redfin analysis of the U.S. Census Bureau, MLS, and county records. In San Jose, California, and Orlando, Florida, about 11% of renters are wealthy; in New York and Seattle, approximately 10% are, the analysis found.

Jessica Perri, marketing director for residential property developer and manager Habitat, says the assumption that people see renting primarily as a transitional phase before homeownership has shifted. More residents are choosing to rent long term because it better aligns with their financial goals, lifestyle, and desire for flexibility, she says.

“This shift has challenged us to think beyond traditional property management and to create communities where renters can truly put down roots, build connections, and feel invested in where they live,” Perri says.

Optima president David Hovey says renters by choice are drawn as much by a sense of community as they are to concierge support, in-home package delivery, and private chefs. Optima is meeting those needs with things like expansive residents’ clubs, rooftop decks, and reservable guest suites.

“For many, what begins as a practical and often temporary decision to rent evolves into a long-term lifestyle preference,” Hovey says.

 

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Optima Tops Off 198-Unit Luxury Apartment Project in Chicago’s Lakeview Neighborhood

CHICAGO — Optima Inc. has topped off Optima Lakeview, a 198-unit luxury apartment project in Chicago’s Lakeview neighborhood. The seven-story, transit-oriented development includes 14,000 square feet of street-level retail space. First move-ins are scheduled for spring 2022. Work on the project, which is situated on the site of a former Treasure Island grocery store, began five months ago. Optima is serving as both architect and general contractor.

Optima Lakeview will feature 40,000 square feet of amenities, including a rooftop sky deck, indoor basketball court, golf simulator, fitness center, yoga room, sports lounge, dog park, game room, demonstration kitchen, business center and two conference rooms. Units will feature keyless entry and smart thermostat and lighting. Optima says the units are significantly larger than what’s currently available in the market in order to accommodate dedicated space for a home office with the rise of the work-from-home model.

Read the full feature on RE Business Online

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This Week’s Chicago Deal Sheet

LEASES

Optima launched pre-leasing for its 198-unit Optima Lakeview rental apartment building, a transit-oriented development that includes 14K SF of street-level retail at 3478 North Broadway St., just blocks from Wrigley Field in Chicago’s Lakeview neighborhood. First move-ins are scheduled for April. Designed by Optima’s David Hovey Sr. and built by Optima’s in-house construction team, Optima Lakeview offers one-, two- and three-bedroom floor plans. It also features 40K SF of amenities across the building, including a sky deck.

 

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Urban Infill Injects Modern Touches In Enclaves Of Historic Charm

When done right, urban infill residential developments provide buyers and renters an enviable mix. By virtue of their recency, these buildings deliver luxuries and amenities older buildings can’t deliver.

Yet the neighborhoods in which they’re built are frequently historic, walkable enclaves boasting an authentic ambience today’s urbanites crave. The result is the best of both worlds for the residents who ultimately opt to lease there. That these infill developments often replace community eyesores and also contribute to the density that imbues urban neighborhoods with character provides an extra dividend.

It’d be difficult to imagine many more fitting neighborhoods for infill development than Chicago’s Lakeview bailiwick, wedged between Lincoln Park to the south and Wrigleyville to the north along Lake Michigan’s shores. With its proximity to the lake, Lincoln Park, public transportation and both ball games and concerts at Wrigley Field, it’s an area that could entice many more residents if sufficient housing existed.

“Lakeview residents have cited the development’s design, amenities, location and resident programming as key factors, allowing them to maintain their active lifestyles in a neighborhood they love,” says David Hovey, Jr., AIA, president, chief operating officer and principal architect at Optima.

 

Read more on Forbes

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Construction of seven-story rental building for Chicago’s Lakeview tops off

Optima, Inc. today announced its construction team has topped off Optima Lakeview, a new, luxury seven-story 198-unit rental building with 14,000 square feet of street-level retail in Chicago’s Lakeview neighborhood. Optima Lakeview’s first move-ins are scheduled for spring 2022.

Under Optima’s unique vertically integrated model, the firm has served as both designer of the modern low-rise Class A building at 3460 N. Broadway and general contractor. Work on the building, which has earned attention for creating a vibrant and modern community asset on the site of a closed Treasure Island grocery store, began five months ago.

Located within walking distance of Lake Michigan and Wrigley Field, Optima Lakeview will offer its residents access to 40,000 square feet of amenities across the building, including biophilic design elements such as a rooftop sky deck that will be usable year-round and a striking glass-enclosed atrium. Units and amenities will be arranged around the landscaped interior atrium, which will run through the building’s seven-story core and be topped with a skylight to bring in ample natural light.

Other building amenities include a rooftop pool, spa, terrace and party room; indoor basketball court; golf simulator and putting green; fitness center with state-of-the-art equipment; yoga/stretching room; sports lounge; dog park and pet spa; children’s play area; game room; demonstration kitchen; two conference rooms; and a business center.

To meet WFH demand, Optima will offer one-, two- and three-bedroom units with an average of 1,053 square feet – significantly larger than what’s currently available in the market – to accommodate dedicated space for a home office. Optima Lakeview also will include two conference spaces and a business center, as well as several indoor and outdoor seating areas and multiple technology providers from which residents can choose.

Read the full feature on RE Journals

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Pandemic Puts Outdoor Amenities, Middle Markets into Multifamily Spotlight

The impact of COVID-19 on the multifamily sector may not have been as severe as its effect on the retail or office asset classes, but there are still many ways that those professionals active in the multifamily space adapted to pandemic-driven changes. Some of these adjustments, such as virtual apartment tours, are likely permanent.

Here are four pandemic-related trends expected to influence the multifamily sector in 2021, according to a roundup of Midwest-based real estate experts.

Incorporating biophilic design

With the COVID-19 pandemic encouraging Americans to stay outdoors for gatherings in effort to reduce transmission of the virus, there is a greater emphasis on the outdoors and nature. Expect multifamily developers to focus more on bringing the outdoors in via building designs, floor plans and amenities. Large outdoor terraces and rooftop amenity areas are becoming increasingly prevalent in new projects, particularly those in urban environments.

At Optima Lakeview, a Chicago-area multifamily project currently under construction, developer Optima Inc. incorporated a landscaped interior atrium that will run through the building’s core and bring in natural light.

“Green spaces not only improve the air quality for our residents but also those living near our buildings because vertical gardens filter pollutants and carbon dioxide out of the air,” says David Hovey Jr., president of Optima.

Student housing demand will remain

When COVID-19 prompted the shutdown of college campuses across the country, there was concern that student housing beds would sit empty for the 2020-2021 academic year. However, off-campus communities in strong locations not only saw students return, but in some cases, come back in higher numbers.

“2020 was a validation of the model we introduced to the market more than 15 years ago, underscoring how highly amenitized, pedestrian-to-campus housing remains in high demand regardless of how classes are delivered,” says Michael Hales, president of student living for CA Ventures.

CA’s student housing arm delivered more than 3,500 beds in 2020 and expects to deliver upwards of 2,200 for the 2021-2022 school year. Its 2020 leasing numbers were approximately 4 percent ahead of 2019.

Hales predicts that large Tier 1 universities will expand their enrollment bases without having to make significant investments in infrastructure by offering a combination of virtual and in-person coursework, a move that he believes should create additional demand for off-campus housing.

 

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How Most New Projects Weave in Wellness

Designers discuss the health-minded elements that are becoming standard in multifamily development.

Low VOC materials and enhanced filtration create wellness-essential indoor air. Credit: Cooper Cary

From students to seniors and affordable to affluent, apartment communities offering wellness features have strong appeal. Features will vary by region and population, so determining which ones make sense for your property will be a customized experience. Here’s what seven industry pros have found in their work.

“At least 70 percent of the newer communities in a market will contain a fitness center,” remarked Kimberly Bynum, multifamily managing principal with Newport Beach-based housing market research firm Zonda. Walkability and pedestrian friendly design, as well as ample, accessible green space and native landscaping are also popular.

Within individual rental units, Bynum pointed to patios and floor-to-ceiling windows for high-rise-buildings. Her firm’s findings suggest healthy/nontoxic/non-off-gassing building materials, hard surface flooring throughout instead of carpeting and improved ventilation appeal to prospective tenants for Class A developers.

Fitness facilities, nature connections and indoor air quality are widely accepted as essential wellness features across all rental categories. How those show up varies by location, user profile and market level.

“Enhanced air filtration and low volatile organic compound materials are the features that we specify on every project,” declared Krista Dumkrieger, principal with the Atlanta-based mixed-use residential studio in Cooper Carry. “Being thoughtful in material specification is one of the most cost effective ways to provide a healthy space for residents.”

Outdoor space is also imperative. “Preferably each unit will have its own dedicated space, even if it’s small. At a minimum, an outdoor area on the property that’s not completely paved,” the architect added. She noted that with so many working from home and spending more time there, this imperative is more important than ever.

Wellness for Students

One of the most-used amenities for student housing properties is the in-building fitness center, declared Jay Pearlman, senior vice president with The Scion Group, a Chicago-headquartered advisory services for student housing communities. “Residents want up-to-date fitness technology such as subscription-based cycling,” he said. “Today’s student residents also have a broader definition of wellness and seek ways to counteract stressors.” His firm is seeing increased demand for yoga and meditation rooms, as well as outdoor space for gathering, fitness and quiet solitude.

Wellness for Seniors

“Many of the must-have wellness features in senior living are those that connect residents with nature,” shared Johnny Dagher, AIA, NCARB, LEED AP, principal at Orlando-based Baker Barrios Architects.

Natural connections extend indoors with biophilia-inspired elements like garden walls, water features and natural lighting, the architect added. “There is a great deal of research showing the connection between natural elements and well-being,” he said. “For example, sitting by a fire is a multi-sensory experience, promoting social interaction and relaxation, but for senior living, particularly assisted living and memory care, we need to be sensitive to safety concerns.” Water vapor fireplaces, which don’t produce heat, is one option to add this feature safely.

Multi-purpose spaces, pet amenities and gardening beds are all affordable, appealing ways to add wellness features with a solid return on investment, Dagher added.

Fireplaces are multi-sensory wellness features, rendered with water vapor for safer senior gatherings. Credit: Baker Barrios / Tuscan Garden

When it comes to the unit itself, high ceilings and larger windows promote well-being, he comments. “Vinyl plank flooring is also a good option for creating a home-like feeling while more low-maintenance compared to traditional wood or carpet,” he said.

Technology integration is a top priority for senior living communities, Dagher noted. Examples include adding spaces dedicated to telemedicine and in-unit smart home technology. He also predicted the appeal of AI technologies to help prevent falls, improve indoor air quality and even offer virtual reality spaces.

It is also essential to understand the needs of future residents, especially in the senior housing space. Tomorrow’s Gen X senior, Dagher pointed out, will be a different tenant than today’s Greatest Generation resident. It’s entirely possible that your mother will spend some of her golden years in the metaverse, as well as in her apartment.

Wellness for Affordable Communities

Affordable projects may lack water walls and connected fitness centers, but their creators, like San Francisco Bay Area-based Community Housing Opportunities Corp., want their properties to enhance the well-being of their lower-income tenants, too. Amenities for the nonprofit community developer’s Palm Springs 60-unit neighborhood include a dog park, splash pad and two BBQ areas.

Another desert region project on CHOC’s planning boards will feature unit terraces with nature views. “Other areas we’re looking at include wider stairways to encourage socialization and ease of use,” shared the project’s architect, Maria Song, AIA, LEED & AP, principal of Interactive Design Corp. “‘Active staircases’ encourage taking the stairs rather than the elevator. This promotes exercise as well. Typically, we include an indoor/outdoor fitness area, or an on-site fitness center if possible. Other areas that developers may explore include creating smaller courtyards which will work for an intimate space for gathering.”

Within the affordable units, cross ventilations through window placement design in addition to air-conditioning and natural lighting serve as wellness features. “We also design accessible kitchens and bathrooms, private balconies on the upper floors and private porches on the first floors to allow outdoor access,” Song said. She predicted more work from home spaces, smart technology for security, more outdoor spaces and on-site wellness amenities like shared kitchens and community centers.

One resource available to affordable communities wanting to be wellness-focused is Fannie Mae’s Healthy Housing Rewards program. Introduced in 2017 for multifamily borrowers who incorporate wellness design features—certified through partners like the Center for Active Design’s Fitwel program—the program provides pricing breaks for new or renovated rental properties.

“We recognized that the success of affordable multifamily properties is directly tied to the health and stability of the residents,” said Karyn Sper, Fannie Mae’s senior director of multifamily customer and partner management. The program is small but growing, “But it’s not for every multifamily owner,” Sper added. “There is a commitment both in terms of meeting the affordability requirement—at least 50 percent of units must be restricted to households earning no more than 80 percent of Area Median Income—and obtaining and maintaining the required certifications.” Sper recommends that those interested in applying should start early.

Wellness for Market Rate Communities

Market rate communities must have club-level fitness facilities. Credit: PMG / Society Living / X Miami Apartments

Fitness, fitness, fitness! All Society Living communities have pool decks, large gyms and a studio for trainer-led classes. There’s also a yoga lawn for outdoor group workouts and wellness-related programming like nutrition.

“Hosting frequent fitness events and keeping a large gym well-operating can be expensive, but it’s a marketing and retention tool that brings major value,” observed Ryan Shear, managing partner at Miami-headquartered developer PMG. The firm is exploring fresh food vending machines, meditation pods and individualized training as opportunities for ancillary revenue.

Gym facilities and programming are the most in-demand amenities, he said, and they must be competitive with private health clubs in the area—not just other communities. The trend is toward more free weights, functional training and group classes and away from plate-loaded machines, he notes.

Within Society Living’s units are enhanced air filtration, large windows and natural light. PMG is “exploring enhanced water purification and air filtration systems in upcoming developments,” Shear commented.

Luxury communities also have pools, yoga studios, fitness centers and classes, as you’d expect. Optima adds saunas and massage rooms (connected to an app for booking services) in their wellness complexes. Given Chicago’s frigid winters, climate control is key.

Premium wellness facilities like saunas are hallmarks of luxury living. Credit: Optima / Optima Lakeview / Michael Duerinckx Photography

“Optima Lakeview boasts the region’s only heated, year-round rooftop swimming pool,” shared David Hovey Jr., AIA, president and principal architect of Illinois and Arizona-based real estate developer Optima, Inc. There’s also a heated dog park. Pickleball and Pilates have been popular, so the developer is looking at expanding those offerings to other communities.

Suburban Chicago Optima Verdana will also have an herb garden and a garden lounge, as well as three outdoor terraces, all designed for year-round use when it opens in 2023. “We believe people will continue to seek usable outdoor space, as we learned during the pandemic the importance of fresh air and being outside,” Hovey shared. This is even true in Chicago winters, he adds.

Within Optima’s units, expansive terraces—some with private grills—and floor-to-ceiling windows are extremely popular. “The most searched for wellness design features are the views from our terraces,” Hovey reports.

“Covid really took a growing interest in holistic wellness and supercharged it,” Cooper Carry’s Dumkrieger observeds, noting how the pandemic also brought mental health conversations and the underappreciated benefits of biophilia into the mainstream. Those biophilic offerings include the green spaces and nature views communities across all categories are incorporating. “Preferably each unit will have its own dedicated space, even if it’s small,” she suggested.

 

Read more on Multi-Housing News

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