Optima Lakeview Opens to Residents

Optima, Inc. has announced the grand opening of its 198-unit Optima Lakeview luxury rental apartment building at 3478 N. Broadway in Chicago’s Lakeview neighborhood, featuring the region’s first year-round rooftop pool. Previously home to a shuttered Treasure Island Foods grocery store, Optima Lakeview has returned the site to a neighborhood asset that will include 14,000 square feet of street-level retail.

Optima CEO and Founder David Hovey Sr., FAIA, designed Optima Lakeview as a one-of-a-kind luxury apartment community, from its modern exterior – an elegant and sophisticated palette of warm-toned exterior materials, including transparent bronze glass and rich, dark brick, to complement the architecture of the surrounding neighborhood – to its striking interior, which includes a seven-story atrium that runs through the core of the building and features vertical landscaping to flood the space with natural light and foliage.

Optima Lakeview

Currently 35% leased, Optima Lakeview offers one-, two- and three-bedroom floor plans with high-end finishes and smart home technology. Private balconies or terraces are included. Optima Lakeview’s units average a spacious 1,053 square feet to give residents more flexibility to accommodate a dedicated space for a home office, bar, children’s play area or pet. Custom wardrobes with built-in shelves and drawers for clothes and storage rather than traditional walled-off closets bring in more natural light. Rents start at $2,500 per month.

Optima Lakeview residents will experience the curated property management service offered by Optima, which include a number of unique programs. For example, Optimized Service® offers contact-free in-home package delivery, housekeeping services, on-site room service, fitness programming and a virtual personal assistant, among other offerings, while Optima Connect® customizes exclusive benefits and discounts for residents at local businesses.

Optima Lakeview

Emphasizing wellness, fresh air and outdoor space, Optima designed the building with setbacks that provide multiple residences with private outdoor landscaped terraces, complete with trees, built-in grills and fire pits. Terraces range from 67 to about 1,600 square feet.

Access to the outdoors year-round also extends to the building’s common areas, where a rooftop sky deck offering views of Lake Michigan, Wrigley Field and the Chicago skyline is equipped with fire tables and heaters suitable for Chicago’s colder climate. The 35-by-25-foot rooftop pool will stay heated and swimmable year-round. When not taking advantage of the heated pool, Optima Lakeview residents can use the rooftop’s many other outdoor amenities, including a spa, theater, lounge seating and a dozen grills and kitchen stations. The rooftop also includes a glass-enclosed party room complete with TV, various seating arrangements and a full chef’s kitchen. Residents’ pets can enjoy the outdoors, too, as a few floors down is the building’s 2,000-square-foot heated dog park.

Optima Lakeview

Inside, most of Optima Lakeview’s amenities are connected by the seven-story atrium that runs through the building’s core and is topped by a skylight, allowing natural light to flood the building’s interior. Planters have been strategically placed on various floors surrounding the atrium, which will create a hanging garden when the plants mature.

Near the building’s entrance is an indoor basketball/pickleball court, sports lounge and golf simulator, all of which are flanked by street-level windows for additional light. Upstairs is a fitness center with state-of-the-art equipment, yoga/stretching room, sauna, pet spa, children’s play area with an emphasis on active gross motor play, residents’ club, game room and chef’s kitchen.

 

Read more on Urbanize Chicago

Visit Optima Lakeview for more details

From Groceries to Gold on Chicago’s North Side

A few years after grocer Treasure Island went out of business, a glassy, 198-unit apartment tower sprung up on the high-traffic site where one of the local chain’s stores once stood on Chicago’s North Side.

Optima Lakeview, an eight-story building at 3478 N. Broadway that welcomed its first residents in 2022, is part of a Chicago apartment market CoStar analysts expect will avoid the oversupply concerns hitting the Sun Belt this year. Chicago’s move-in rate has outpaced move-outs over the past 12 months, showing apartments are in demand.

The Broadway property gleamed when CoStar architectural photographer Justin Schmidt shot it during the “golden hour,” the period between sunset and total darkness.

End-of-the-day lighting captured the transparent bronze glass on the upper floors of local developer Optima’s project. That glass covers a seven-story atrium featuring a large skylight, trees and other foliage.

Optima Lakeview also has what the developer describes as the Chicago region’s first year-round rooftop pool. It’s heated in the winter and surrounded by fire tables and heaters.

 

Read more on CoStar

Visit Optima Lakeview for more details

Declining Rents And Investor Concern Forcing Mixed-Use Developers To Rethink Retail

Optima Inc. Senior Vice President Mark Segal said his firm won’t change its retail strategy. It just broke ground on Optima Lakeview, a 198-unit luxury apartment complex at 3460 North Broadway St. in Chicago’s Lakeview neighborhood near Wrigley Field. It will also have 14K SF of commercial space.

“While obviously dealing with COVID-19 presents challenges, we believe that over time, some normalcy will return, along with the ability of people to resume activities they have done in the past,” he said.

The company populated its Optima Signature tower, which opened in 2017 in affluent Streeterville, with an eclectic mix of retailers, including many service providers that residents see as amenities. Streeterville retail tenants include a restaurant, a full-service veterinarian, a fitness studio and a nail salon. Segal said the firm has a similar vision for Lakeview.

And although the company also made room for nontraditional users such as Guidepost Montessori at Magnificent Mile, a new elementary school that now occupies 14K SF, Segal said he still has great confidence in traditional retail. He points to recent stats that show brick-and-mortar retail is stronger than many realize.

At the pandemic’s height, e-commerce accounted for 16.1% of all retail spending, not much higher than pre-pandemic times, Linneman Associates principal and former Wharton School professor Peter Linneman said during Walker & Dunlop’s Oct. 21 Walker Webcast. E-commerce accounted for 11.8% of retail sales in Q1 2020 before the pandemic began.

“This was the perfect storm to test if e-commerce could overtake brick-and-mortar for good, and e-commerce failed miserably,” Linneman said.

Read the full feature at Bisnow

Visit Optima Signature for more information

Biophilic Design Is the Latest Buzz in Multifamily

High-rise apartments are getting more in touch with nature. Living on the 40th or 45th floor, for example, can make tenants feel far away from it—and since the pandemic, apartment dwellers are craving closer ties to greenery. In response, more plants are coming to rooftops, lobbies, and balconies.

Optima Inc. has been adding biophilic design principles to its communities for more than 40 years. It has been offering green roofs, courtyards, and gardens. A vertical landscaping system is on display at its Optima Camelview Village in Scottsdale, Ariz. Several colorful plants grow up and over the ledge of private terraces on each floor of the building.

“This system helps enhance the natural beauty of our projects by allowing a palette of vibrantly colored plants to grow up and over the edge of each private terrace on every floor of the building,” David Hovey Jr., president and COO of Optima Inc., told Multi-Housing News earlier this year.

 

Read more on REALTOR Magazine

Optima Opens Luxury Rentals in Lakeview

Design-driven development firm Optima, Inc. held the grand opening of its 198-unit Optima Lakeview luxury rental apartment building at 3478 N. Broadway in Chicago’s Lakeview neighborhood, featuring the region’s first year-round rooftop pool.

“We’re excited to bring to market Optima Lakeview, a development as vibrant and dynamic as the surrounding Lakeview neighborhood for which it’s named,” said David Hovey Jr., president, COO and principal architect of Optima. The project was designed by Optima’s CEO and founder, David Hovey Sr.

Currently 35% leased, Optima Lakeview offers one-, two- and three-bedroom floor plans with high-end finishes and smart home technology. Rents start at $2,500 per month.

“Lakeview residents who watched the building take shape were among the first to sign a lease with a majority saying the primary reasons were our architectural design, amenity package that spans 40,000 square feet, resident programming and convenient location,” Hovey added

 

Read more on Connect CRE

Visit Optima Lakeview for more details

Optima Lakeview wins Green Architecture Award from the Green GOOD DESIGN Sustainability Awards

Optima Lakeview has received a 2024 Green Good Design Award. The Green GOOD DESIGN Sustainability Awards’ goal is to recognize outstanding individuals, companies, organizations, governments, and institutions all over the world – together with their products, services, programs, ideas, and concepts that have forwarded exceptional thinking and inspired greater progress toward a healthier and more sustainable universe.

Learn more from Green GOOD DESIGN Sustainability Awards site.

Some 2020 Trends May Just Last

Home builders learned long ago to bring the outdoors in, and now apartment developers are doing the same. “With more people spending time at home, it’s important to thoughtfully create a variety of spaces that allow residents to find inspiration in their natural surroundings and recharge,” says architect David Hovey, president of Optima Inc.

Optima Inc. has long made biophilic design a hallmark of its work, but it’s going greener still with three new projects. In the Chicago area, for example, Optima Lakeview will feature a distinctive landscaped interior atrium that will run through the building’s seven-story core and bring light into both the residential and retail areas of the building.

In Scottsdale, Ariz., Optima Kierland offers a dramatic vertical landscaping system that can be seen from every one of the 363 rental units and 433 condo apartments. And for the recently announced rental project in downtown Wilmette, Ill., Optima will import the landscaping model it is creating in Arizona, including hand-selected plants that will stay green year-round.

“Because we serve as both architect and developer on our projects,” says Hovey, “it makes it easier to prioritize these green spaces, which not only improve the air quality for our residents, but also those living near our buildings, as vertical gardens filter pollutants and carbon dioxide out of the air.”

Read the full feature on Multi-Housing News

Visit Optima Lakeview and Optima Kierland for more details

Optima Releases New Renderings of Lakeview Rentals

Optima, Inc. has released two new renderings of its Optima Lakeview, a rental project in the North Side’s Lakeview neighborhood. Set to welcome first move-ins next spring, Optima Lakeview is a seven-story, 198-unit community rising on the site of the former Treasure Island store.

Optima designed the building to feature a series of setbacks that provide for outdoor landscaped terraces on the upper levels of the building that will feature built-in grills and fire pits. An atrium will run through its seven-story core and be topped with a skylight to bring in ample natural light.

Designed well before the pandemic by David Hovey Sr., FAIA, co-founder and CEO of Optima, Inc., Optima Lakeview will feature biophilic elements to connect residents to fresh air and ample sunlight as well as year-round amenities, such as the rooftop pool.

 

Read more on Connect Chicago

Visit Optima Lakeview for more details

Masters of the Southwest: A Father-Son Duo is Redefining Sustainable Desert Living

On a sunny winter day, residents of Optima Kierland are pursuing their morning rituals—walking the dog, working out in the fitness room, running on a track around the rooftop pool, powering up a Zoom call in the lounge, heading to the underground garage for the commute to work. But the 1,000-unit condo and rental complex, spread across five towers, is not your typical brown-box-and-a-balcony multifamily project so prevalent around the Valley. Instead, it is a sustainable, architectural tour-de-force, balancing concrete and glass, shade and sunlight, voids and cubic forms, all cooled with lush plantings that defy boundaries between outside and in.

The project is one of the latest achievements by father-and-son architects David Hovey Sr. and David Hovey Jr., who, along with other family members, run Optima, headquartered in Scottsdale and Chicago. Known for their edgy, architecturally striking designs of multifamily complexes and innovative construction techniques and materials, the Hoveys—and their company—have found the secret sauce to success. Optima is a soup-to-nuts company that develops, designs, builds and manages projects, overseeing everything from site selection to specifying kitchen sink faucets.

“I’ve been a fan of the Hoveys’ architecture for a long time,” says architect Anthony Floyd, who heads Scottsdale’s green building program and has worked with the Hoveys on sustainability strategies for several of their projects. “They’ve changed how we view multifamily housing here. What they create is unlike what we’ve seen in Arizona—or even the world.”

The history of this modernist dynasty began with Hovey Sr. Born in New Zealand to a Kiwi mother and a U.S. Marine father, he moved with his family to Chicago when he was 15 years old. “Chicago is the foremost city in the world for modern architecture,” Hovey Sr. says. “Being there sparked my interest in architecture.”

Hovey Sr. enrolled in the Illinois Institute of Technology, where Mies van der Rohe had served as dean and shaped the school’s modernist bent. “Mies was no longer at IIT when I studied there,” he remembers, “but some of us went to his house one night and didn’t leave until 4 a.m. He lived in an old brick apartment—not one of his designs—because he didn’t want to be constantly accosted by clients.”

During college, Hovey Sr. worked as an assistant to the curator of contemporary art at the Art Institute of Chicago, igniting his love of modern art and inspiring his later work in metal sculpture. His first job out of school was with a small firm, but, wanting to experience a larger office, Hovey Sr. signed on with noted Chicago architect Helmut Jahn, working there for four years during the 1970s.  

“My son and I are contemporary architects. We are interested in the design, materials and technologies of the 21st century. We’re not interested in allusions to the past.”

David Hovey Sr., FAIA, architect

But there was always an itch to do his own thing. “My IIT professor, Arthur Takeuchi, always said that an architect was the low man on the totem pole when it came to projects,” Hovey Sr. recalls. “He said the best outcome was to be not only the designer but also the developer and client.”

Heeding those words, Hovey Sr. launched Optima in suburban Chicago in 1978, along with his wife, Eileen Sheehan Hovey, who handled the real estate component of their projects. Before long, they were specializing in design-driven multifamily complexes around the city and, later, joined by their children, Tara Hovey, who handles financial strategies for the company, and David Jr., who earned his master’s in architecture at his father’s alma mater and now serves as CEO.

Frequent winter visitors to Scottsdale, the family opened a second Optima office in the desert in the early 2000s, sensing a market that was open to innovative modernist housing. By then, Hovey Jr. was helping push forward Optima’s shape-shifting experimentations with design, materials and construction methods. “When I was working as a construction superintendent on our job sites,” says Hovey Jr., “I observed inefficiencies between architecture and construction that could be improved by prefabrication.”

Though they became known for apartments and condos, the father and son have long experimented with techniques and approaches by building single-family spec homes, completing several over the years in North Scottsdale. “We had to find a new language for architecture here in Arizona,” Hovey Sr. says. “Studying Frank Lloyd Wright’s shelters, we learned to design optimum structures in the desert, ones that celebrated the indoor-outdoor relationship and incorporated sustainable features, such as solar power and passive cooling. We took what we learned from these spec homes and translated that into our multifamily work.”

After completing their first Arizona project, the Biltmore Optima, the Hoveys wanted to include landscaped roofs and terraces for the next site, Optima Camelview. Hovey Jr. worked with ASU to study desert plants in terrace- and rooflike beds at a site in Glendale. “We looked at about 150 kinds of plants and trees,” Hovey Jr. notes. “We learned which survived in extreme sun or shaded spots and which didn’t.”

Optima Camelview, a condominium project, won accolades and awards for its—literal—green design of lushly landscaped terraces, as well as other sustainable strategies, such as shaded glass walls, underground parking and public open space. Optima Sonoran Village, rental apartments in downtown Scottsdale, followed, expanding on the design theme, as did the recently completed Optima Kierland. Under construction now is Optima McDowell Mountain, which will be a six-tower development of rental apartments and condos, mixing in street-level retail and even more amenities and green elements, such as rainwater harvesting, than the previous projects. 

As the Hoveys moved forward with projects, they developed relationships with core groups of craftspeople, such as Jerry Barnier, founder of Suntec Concrete. “We started working together about 15 years ago,” says Barnier, “and we found that the Hoveys are very receptive to pushing the design forward efficiently. They understand what works and what doesn’t when it comes to construction. They push everyone to do their best work.”

Despite recent pushback about high-density development in some parts of the Valley, the Hoveys are secure in their place in the desert’s urban landscape. “Having density and height on a site allows us to create open space that’s accessible to the public—and not just our building residents,” Hovey Sr. points out. “It also gives us room to have setbacks that are landscaped. Our McDowell Mountain project is planned around a central park open to everyone.”

Always looking for future possibilities, the father and son prefer to concentrate on one or two projects at a time. “Each development we do is a progression, a journey of how we envision people living in the 21st century.”

Optima Sonoran Village in downtown Scottsdale has five residential towers set around landscaped courtyards with views of Camelback Mountain. Each apartment has plant-fringed balconies that add to the greenscape.
A stint working at The Art Institute of Chicago sparked David Hovey Sr.’s love of contemporary art and his own work as a sculptor, including “Kiwi,” which graces an Optima project in Chicago.
Optima Kierland Center, the Hoveys’ most recent project, is a series of condo and  apartment dwellings offering luxe amenities, including cooling landscaping, rooftop pools and running tracks, a golf simulator and a dog “spa” for washing pooches.
In the heart of the Camelback Corridor, Biltmore Towers was the Hoveys’ first foray into the Arizona multifamily market and featured unique design elements, such as recessed balconies, red trellises and orange sunscreens.
Optima Verdana in suburban Chicago includes retail offerings at street level and apartments above.
The Camelview Village condo development put Optima on the local design radar, with innovations such as landscaped balconies and open space, as well as an edgy, modernist design. According to architect and Scottsdale’s green building head, Anthony Floyd, both David Hovey Sr. and David Hovey Jr. lived in units on site. “That’s what I call proof of concept,” says Floyd. “They could see what worked—and what didn’t.”
In downtown Chicago, Optima Signature and Chicago Center includes 42- and 57-story towers, with forms, details and colors inspired by Russian painter Kazimir Malevich and American artist Donald Judd.
Also in Chicago, the Lakeview project features indoor open space as a response to the climate.
“Curves and Voids,” a sculpture by David Hovey Sr., graces the gardens at Sonoran Village.

“Our single-family homes are experimental. They are our ‘Case Study’ projects from which we take ideas and apply them to our multifamily work.”

—David Hovey Sr., architect and Optima founder

Read more on Phoenix Home + Garden

person name goes here

Maintenance Supervisor

Glencoe, IL





    Acceptable file types: *.pdf | *.txt | *.doc, max-size: 2Mb