Optima receives approval for Wilmette condo development

Optima Inc has received final village board approval for Optima Lumina, a 128-unit luxury residential building in downtown Wilmette on Chicago’s North Shore. The six-story building features one- to three-bedroom residences of up to nearly 3,000 square feet, almost 5,900 square feet of retail space, a large public plaza, robust amenity package and a number of sustainable features, including Optima’s proprietary Vertical Landscaping System.

Optima Lumina Optima, Inc.

Replacing the long-vacant former Imperial Motors car dealership located at 720-739 Green Bay Road, the transit-oriented development is conveniently located directly across from Wilmette’s Metra rail commuter station. It also is immediately north of Optima’s 100-unit, high-end rental community, Optima Verdana, which welcomed residents in 2023 and is now fully leased with a significant waitlist. The residences at Optima Lumina are envisioned as for-sale condominiums but may shift based on market conditions.

Optima Lumina Retail Space Optima, Inc.

“The success of Optima Verdana has demonstrated the high demand for luxury new-construction multifamily housing on the North Shore,” said David Hovey, Jr. AIA, president of Optima, Inc. “Optima Lumina builds on that demand by offering the option for current residents looking to downsize from single-family homes as well as would-be North Shore buyers struggling to find a home due to the area’s low inventory of available housing. Optima is committed to serving as responsible long-term stewards of downtown Wilmette, and we look forward to Optima Lumina enhancing the community and its vibrant character.”

Optima Lumina Outdoor Plaza Sculpture Optima, Inc.

Conceived as a complementary but entirely stand-alone community from neighboring Optima Verdana, Optima Lumina is separated from its neighbor by a 75-foot-wide publicly accessible landscaped plaza containing outdoor seating, public art and a fountain. Optima Lumina further differentiates itself from Optima Verdana through its own unique architectural language and identity, which includes the company’s first-ever use of terracotta in a building facade system.

Optima Lumina Outdoor Plaza Seating Optima, Inc.

Optima Lumina’s innovative exterior design also incorporates the developer’s proprietary Vertical Landscaping System along its roofline and terraces, which will provide greenery on the building’s facade. The system was pioneered by Optima at its Arizona communities and made its Midwest debut at Optima Verdana by utilizing plant species selected to stay green year-round. The exterior plantings provide biophilic and sustainability benefits such as improved solar shading, evaporative cooling, air purification, noise reduction, stormwater management and balcony privacy as the greenery matures over time.

Optima Lumina Ground Floor Amenity Optima, Inc.

On its ground floor, Optima Lumina will offer resident amenities, including an indoor basketball and pickleball court; sports lounge with a golf simulator and indoor putting green; and a fitness center with dedicated yoga and Pilates studios. According to Hovey Jr., Optima intends to retain the existing Starbucks at 739 Green Bay Road within one of Optima Lumina’s new commercial spaces, complete with dedicated outdoor seating and off-street retail parking. The building’s rooftop amenity sky deck features a resident lounge, showcase kitchen, clubroom, outdoor grilling areas, bocce court, steam room, sauna, cold plunge and lap pools with retractable glass walls, and sweeping views of downtown Wilmette and the surrounding treetop canopy.

Optima Lumina StarbucksOptima, Inc.

In addition to being designed in-house, Optima Lumina will also be developed, built, sold and managed by Optima. The building is targeting a Two Green Globes certification, a sustainability rating that evaluates a property’s environmental impact, energy efficiency, water conservation and indoor air quality. Optima Lumina’s notable sustainable features include the use of VRF heating and cooling systems, eco-friendly induction cooktops, electric outdoor grills and providing 100% EV charging capacity in its below-ground parking garage.

Optima Lumina Rooftop Sky DeckOptima, Inc.

As part of the firm’s zoning agreement with the Village, Optima will provide a $3.8 million contribution to advance affordable housing in Wilmette. The donation is more than double the $1.6 million affordable housing contribution the firm previously made with the approval of Optima Verdana.

 

Read more on Urbanize Chicago

Visit Optima Lumina for more details

Optima Gains Approval for North Shore Luxury Residences

Optima, Inc. has received final village board approval for Optima Lumina, a 128-unit luxury residential building in downtown Wilmette on Chicago’s North Shore.

The six-story building features one- to three-bedroom residences of up to nearly 3,000 square feet, almost 5,900 square feet of retail space, a large public plaza, and a robust amenity package. Replacing the long-vacant former Imperial Motors car dealership located at 720-739 Green Bay Road, the transit-oriented development is located directly across from Wilmette’s Metra rail commuter station.

It is also immediately north of Optima’s 100-unit, high-end rental community, Optima Verdana. “The success of Optima Verdana has demonstrated the high demand for luxury new-construction multifamily housing on the North Shore,” said David Hovey, Jr. AIA, president of Optima, Inc. “Optima Lumina builds on that demand by offering the option for current residents looking to downsize from single-family homes as well as would-be North Shore buyers struggling to find a home due to the area’s low inventory of available housing.”

Read more on Connect CRE

Visit Optima Lumina for more details

Optima Inc., Gains Approval for 128 Luxury Residences at Optima Lumina in Downtown Wilmette Illinois

Integrated design-driven real estate firm Optima, Inc. has received final village board approval for Optima Lumina, a 128-unit luxury residential building in downtown Wilmette, Illinois on Chicago’s North Shore.

The six-story building features one- to three-bedroom residences of up to nearly 3,000 square feet, almost 5,900 square feet of retail space, a large public plaza, robust amenity package and a number of sustainable features, including Optima’s proprietary Vertical Landscaping System.

“The success of Optima Verdana has demonstrated the high demand for luxury new-construction multifamily housing on the North Shore,” said David Hovey, Jr. AIA, president of Optima, Inc. “Optima Lumina builds on that demand by offering the option for current residents looking to downsize from single-family homes as well as would-be North Shore buyers struggling to find a home due to the area’s low inventory of available housing. Optima is committed to serving as responsible long-term stewards of downtown Wilmette, and we look forward to Optima Lumina enhancing the community and its vibrant character.”

Conceived as a complementary but entirely stand-alone community from neighboring Optima Verdana, Optima Lumina is separated from its neighbor by a 75-foot-wide publicly accessible landscaped plaza containing outdoor seating, public art and a fountain. Optima Lumina further differentiates itself from Optima Verdana through its own unique architectural language and identity, which includes the company’s first-ever use of terracotta in a building façade system.

“We appreciate the engagement from the Village stakeholders including Mike Braiman, John Adler, the Village staff, the Village Board and Commissions, and the community members for their collaboration throughout this process,” said Hovey Jr. “We are also grateful to the Arons family, who have owned this site for over 60 years, for this opportunity. Optima Lumina is going to be a wonderful addition to the Village, and we are excited about the future ahead.”

Optima Lumina’s innovative exterior design also incorporates the developer’s proprietary Vertical Landscaping System along its roofline and terraces, which will provide greenery on the building’s façade. The system was pioneered by Optima at its Arizona communities and made its Midwest debut at Optima Verdana by utilizing plant species selected to stay green year-round. The exterior plantings provide biophilic and sustainability benefits such as improved solar shading, evaporative cooling, air purification, noise reduction, stormwater management and balcony privacy as the greenery matures over time.

On its ground floor, Optima Lumina will offer resident amenities, including an indoor basketball and pickleball court; sports lounge with a golf simulator and indoor putting green; and a fitness center with dedicated yoga and Pilates studios. According to Hovey Jr., Optima intends to retain the existing Starbucks at 739 Green Bay Road within one of Optima Lumina’s new commercial spaces, complete with dedicated outdoor seating and off-street retail parking. The building’s rooftop amenity sky deck features a resident lounge, showcase kitchen, clubroom, outdoor grilling areas, bocce court, steam room, sauna, cold plunge and lap pools with retractable glass walls, and sweeping views of downtown Wilmette and the surrounding treetop canopy.

Residents of Optima Lumina will be placed within steps of downtown Wilmette’s vibrant town center and its array of boutiques and restaurants. The community’s unmatched proximity to the Metra station offers quick and easy access to downtown Chicago, making Lumina ideal for both commuting and downtown leisure activities.

In addition to being designed in-house, Optima Lumina will also be developed, built, sold and managed by Optima. The building is targeting a Two Green Globes certification, a sustainability rating that evaluates a property’s environmental impact, energy efficiency, water conservation and indoor air quality. Optima Lumina’s notable sustainable features include the use of VRF heating and cooling systems, eco-friendly induction cooktops, electric outdoor grills and providing 100% EV charging capacity in its below-ground parking garage.

As part of the firm’s zoning agreement with the Village, Optima will provide a $3.8 million contribution to advance affordable housing in Wilmette. The donation is more than double the $1.6 million affordable housing contribution the firm previously made with the approval of Optima Verdana.

Read more on Yield Pro

Visit Optima Lumina for more details

Optima to develop 128-unit luxury residential building in Wilmette

Integrated design-driven real estate firm Optima, Inc. has received final village board approval for Optima Lumina, a 128-unit luxury residential building in downtown Wilmette, Illinois, on Chicago’s North Shore.

The six-story building features one- to three-bedroom residences of up to nearly 3,000 square feet, almost 5,900 square feet of retail space, a large public plaza, robust amenity package and a number of sustainable features, including Optima’s proprietary Vertical Landscaping System.

Replacing the long-vacant former Imperial Motors car dealership located at 720-739 Green Bay Road, the transit-oriented development (TOD) is conveniently located directly across from Wilmette’s Metra rail commuter station. It also is immediately north of Optima’s 100-unit, high-end rental community, Optima Verdana, which welcomed residents in 2023 and is now fully leased with a significant waitlist. The residences at Optima Lumina are envisioned as for-sale condominiums but may shift based on market conditions.

Conceived as a complementary but entirely stand-alone community from neighboring Optima Verdana, Optima Lumina is separated from its neighbor by a 75-foot-wide publicly accessible landscaped plaza containing outdoor seating, public art and a fountain. Optima Lumina further differentiates itself from Optima Verdana through its own unique architectural language and identity, which includes the company’s first-ever use of terracotta in a building facade system.

Optima Lumina’s innovative exterior design also incorporates the developer’s proprietary Vertical Landscaping System along its roofline and terraces, which will provide greenery on the building’s facade. The system was pioneered by Optima at its Arizona communities and made its Midwest debut at Optima Verdana by utilizing plant species selected to stay green year-round. The exterior plantings provide biophilic and sustainability benefits such as improved solar shading, evaporative cooling, air purification, noise reduction, stormwater management and balcony privacy as the greenery matures over time.

On its ground floor, Optima Lumina will offer resident amenities, including an indoor basketball and pickleball court; sports lounge with a golf simulator and indoor putting green; and a fitness center with dedicated yoga and Pilates studios.

Residents of Optima Lumina will be placed within steps of downtown Wilmette’s vibrant town center and its array of boutiques and restaurants. The community’s unmatched proximity to the Metra station offers quick and easy access to downtown Chicago, making Lumina ideal for both commuting and downtown leisure activities.

In addition to being designed in-house, Optima Lumina will also be developed, built, sold and managed by Optima. The building is targeting a Two Green Globes certification, a sustainability rating that evaluates a property’s environmental impact, energy efficiency, water conservation and indoor air quality. Optima Lumina’s notable sustainable features include the use of VRF heating and cooling systems, eco-friendly induction cooktops, electric outdoor grills and providing 100% EV charging capacity in its below-ground parking garage.

As part of the firm’s zoning agreement with the Village, Optima will provide a $3.8 million contribution to advance affordable housing in Wilmette. The donation is more than double the $1.6 million affordable housing contribution the firm previously made with the approval of Optima Verdana.

 

Read more on RE Journals

Visit Optima Lumina for more details

Village Approval Granted For New Optima Development In Wilmette

Village Board approval has been granted for the mixed-use development at 739 Green Bay Road in Wilmette. Dubbed Optima Lumina, the new structure will replace a series of one-story buildings adjacent to Optima’s other development Verdana next door. Designed in house, the project comes as Verdana is fully leased with a long wait list.

 

Rendering of Optima Lumina by Optima Inc.

Rendering of Optima Lumina by Optima Inc.

 

Rising six stories in height, the building will hug the northern end of the site and create a 75-foot wide plaza between Verdana with art and added seating. This publicly accessible space will also connect to the building’s 5,900 square feet of ground-floor retail, which will include a spot for the relocation of the Starbucks currently on the site.

 

Rendering of Optima Lumina by Optima Inc.

Rendering of Optima Lumina by Optima Inc.

 

Inside will be 128 residential units made up of one-, two-, and three-bedroom layouts, with floor plans reaching up to 3,000 square feet in size. Residents will have access to a ground floor fitness center, similar to Optima Lakeview, including basketball and pickleball courts, golf simulator and more. There will also be a rooftop amenity level with a bocce court, sauna, as well as cold plunge and lap pools with retractable glass walls.

 

Rendering of Optima Lumina by Optima Inc.

Rendering of Optima Lumina by Optima Inc.

 

To differentiate from the other Optima development next door, Lumina will use a terracotta panel facade system with Optima’s vertical garden system. Located across the street from the Metra station, those with cars will be able to use the building’s underground parking garage. Currently a final cost nor timeline is known, but construction should begin soon.

 

Read more on Chicago YIMBY

Visit Optima Lumina for more details

Optima plans to double unit count on Chicago’s North Shore

Following the full lease-up of the 100-unit Optima Verdana apartments in Wilmette, Illinois, in 2023, Optima Inc. is planning a second mixed-use project next door, this time with 128 for-sale condos, according to a news release shared with Multifamily Dive.

The Glencoe, Illinois-based real estate firm received final village board approval for Optima Lumina in late November. As part of its zoning agreement, the developer will provide $3.8 million in funding for affordable housing in Wilmette, according to the release.

The six-story tower, which will replace a long-vacant car dealership, is set to break ground in mid to late 2025, the developer told Multifamily Dive. It will be located across the street from Wilmette’s Metra rail commuter station leading into Chicago. A 75-foot public landscaped plaza with outdoor seating, public art and a fountain will separate it from Optima Verdana.

Optima, which designed Lumina in-house, sought to give it a distinct architectural language and identity from its sister property, according to the release. Its terracotta facade will be a first for the company, and the exterior will incorporate greenery along its roofline and terraces through a proprietary vertical landscaping system.

The plant species will stay green year-round and offer solar shading, noise reduction, stormwater management and privacy for residents. The property’s sustainability plan also includes 100% electric vehicle charging capacity in its parking area, variable refrigerant flow heating and cooling and induction cooktops.

Units will range from one- to three-bedrooms, up to nearly 3,000 square feet in size. While Optima’s current plan calls for condos rather than rental apartments, their status could shift based on market conditions, according to the developer. Purchase prices have not been disclosed.

“The success of Optima Verdana has demonstrated the high demand for luxury new-construction multifamily housing on the North Shore,” said David Hovey Jr., president of Optima. “Optima Lumina builds on that demand by offering the option for current residents looking to downsize from single-family homes as well as would-be North Shore buyers struggling to find a home due to the area’s low inventory of available housing.”

 

Read more on Multifamily Dive

Visit Optima Lumina for more details

Wilmette officials approve downtown development featuring 109 luxury apartments, street-level retail space

Village officials in Wilmette recently granted final approval to a North Shore developer planning to build a residential and retail project featuring 109 luxury apartments and street-level retail venues.

Developer Optima, Inc., which has locations in Glencoe and Scottsdale, Ariz., plans to break ground on the downtown Village Center project in late 2021. The site at 1210 Central Ave. will be turned into a transit-oriented development across the street from the Metra commuter train station on Green Bay Road.

“Obviously, the pandemic has been difficult for our businesses, like restaurants, retail shops, gyms and hair stylists,” said John Adler, Wilmette’s community development director.

In tough economic times, village officials see an opportunity in the new development.

“From the village’s standpoint, increasing the density downtown and throughout the village will ultimately help find a way to be able to stay afloat by bringing in new residents who are loyal to their local businesses,” Adler said.

Optima CEO David C. Hovey, whose firm completed the 660-unit Optima Old Orchard Woods condominium development in 2010, said he is excited to be back in the North Shore.

Hovey said the final approval of the Wilmette project arrives as Optima launches construction of Optima Lakeview, a mixed-use, transit-oriented development of 198 apartments and street-level retail at 3460 N. Broadway in Chicago’s Lakeview neighborhood, which is scheduled to be completed in 2022.

Read the full feature on Chicago Tribune

Optima pursues second rental project in downtown Wilmette

Optima Communities is embarking on a 150-unit residential development in downtown Wilmette that’s nearly identical to the one next door.

Contingent upon Wilmette officials approving the development, the Glencoe-based firm will acquire the property at 721-739 Green Bay Road, formerly known as the Imperial Motors site, the North Shore Record reported.

The project, called Optima Verdana Phase 2, would feature 150 apartments, with a mix of one-, two- and three-bedroom units. It would also include commercial space on the ground floor. A Starbucks that currently operates at the site will likely remain as a tenant. Rental rates will range from nearly $3,000 to $12,000 per month.

Rising six stories and apexing at 62 feet, the design of the building shows a striking resemblance to Optima Verdana Phase 1, which was completed earlier this year. The main difference between the two buildings is that the top floors for the new building will be set back from the sidewalk “to create a tapering effect that aesthetically concludes the combined forms with a rhythmic, logical ending,” the project overview said, according to the outlet.

There was an open house at the Wilmette Public Library last night, allowing residents to engage in discussions regarding the development. Optima hasn’t officially submitted its proposal, said Wilmette village manager Mike Braiman. The developer could present its formal plans to officials by November at the earliest.

“This type of redevelopment of that site is consistent with the goals of our village center master plan, and it would be the most reasonable proposal we’ve seen to date (for that site),” Braiman told the outlet. “That said, there are going to be a lot of questions from the plan commission and village board, feedback from neighbors and the community at large.”

Rental rates for the first Optima Veranda are in the same range as the targets for the second. There are amenities such as a pickleball court, basketball court, golf simulator, yoga studio, fitness center, business center and dog park.

As part of an agreement with Wilmette, Optima paid $1.6 million to the village to support affordable housing initiatives when undertaking the first project.

 

Read more on The Real Deal

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Optima plans second phase of Optima Verdana

Preliminary renderings have emerged for a second phase of Optima’s Optima Verdana project in Wilmette. Planned for the former Imperial Motors site, the second phase would rise just to the north of the first phase at 721 Green Bay Road.

Designed by the team at Optima, this second phase would match the height of the first phase, reaching a height of 62 feet with six floors. The glassy exterior and vertical landscaping will be incorporated into the design and the building massing will feature more setbacks than the first phase.

Optima Verdana Phase 2 Optima Inc

The building would accommodate 150 rental units with a mix of one-beds, two-beds, and three-beds. The ground floor would hold commercial space and an outdoor plaza for public use that measures approximately 4,000 square feet.

According to The Record North Shore, to gain approval for the project, Optima would have to submit a pre-application, undergo a Village staff review, file a preliminary application, and eventually go in front of the Appearance Review Commission, Plan Commission and Village Board.

 

Read more on Urbanize Chicago

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Optima acquires Imperial Motors site, wants to build second 6-story development in Wilmette

Your eyes are not playing tricks on you and you are not experiencing deja vu. If it feels like you’ve seen the above image before, it’s because you have — sort of.

The preliminary rendering is of Optima Verdana Phase 2, a nearly identical concept and design as Optima Verdana, which was erected in Wilmette on Green Bay Road over the past two years.

The Village of Wilmette confirmed that Optima has a deal in place to acquire the property at 721-739 Green Bay Road, known as the former Imperial Motors site. The agreement is contingent on Optima gaining approval to develop the land into Optima Verdana Phase II.

According to preliminary plans viewed by The Record, the project would be six stories and 62 feet tall — matching that of Phase I next door. It would feature up to 150 rental units in a mix of one-, two- and three-bedroom layouts, as well as commercial space on the ground level.

Optima announced its proposal to neighbors via letter, inviting them to an open house to discuss the project from 6-7:30 p.m. on Thursday, Aug. 31, at the Wilmette Public Library.

Wilmette Village Manager Mike Braiman said Optima has not officially filed its new concept with the village and the earliest it would be in front of public officials is November.

“This type of redevelopment of that site is consistent with the goals of our village center master plan, and it would be the most reasonable proposal we’ve seen to date (for that site),” Braiman said. “That said, there are going to be a lot of questions from the plan commission and Village Board, feedback from neighbors and the community at large.”

While the Phase II plan shows glass exterior and vertical landscaping like Phase I, in a significant difference from its sister building, it will set back its top floors from the sidewalk “to create a tapering effect that aesthetically concludes the combined forms with a rhythmic, logical ending,” the project overview says.

Along Green Bay Road to the east and the alley to the west, the building will rise 51 feet before a 15 1/2-foot setback of the sixth floor. On the north side, adjacent to Washington Street, the building will set back its top three floors with the top floor removed nearly 44 feet from the sidewalk elevation.

According to Optima’s preliminary plans, it hopes to keep Starbucks on the ground floor of the building. The two adjacent buildings would be about 60 feet apart but meet at the ground level with a 4,000-square-foot outdoor plaza that diners and the public could use. Another open space would be installed on the north side of the building.

Phase I offers units for between $2,956 to more than $12,000 (2 penthouse units, already rented) per month. Inside, its first floor includes amenities such as a pickleball/basketball court, golf simulator, yoga studio, fitness center, business center, dog park, and interior and exterior lounges.

As a condition of the original project’s approval, Optima paid the Village of Wilmette $1.6 million to support affordable-housing initiatives villagewide — a payment that was executed in the fall of 2021. The funds, according to previous Record reporting, were granted to Community Partners for Affordable Housing, which believes it can turn the support into at least 15 affordable units.

Optima’s preliminary plans state it will present a proposal to support affordable housing at a later date. Braiman said the Village would look for Optima to contribute a minimum of what it did for Phase I.

If Optima moves forward, it would submit a pre-application, endure a Village staff review, file a preliminary application, and eventually go in front of the Appearance Review Commission, Plan Commission and Village Board.

“This is going to be a long, challenging review process for Optima,” Braiman said. “We will look to feedback from community and impact on the community and for the plan commission and village board for a final decision.”

 

Read more on The Record North Shore

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