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.”

Optima, Inc., an integrated real estate firm, announced Reform Studios will open at Optima Signature, a 57-story luxury apartment tower comprising 490 apartments and 58,000 square feet of commercial space in Chicago’s Streeterville neighborhood.

Reform Studios joins Optima Signature’s roster of commercial tenants, including Guidepost Montessori School, Egg Harbor Café, Bedazzled and GoodVets Streeterville. “Reform Studios is the latest example of Optima Signature attracting high-quality, lifestyle-focused retailers that are not only a convenient fit for the building but also contribute to its sense of community,” said David Hovey Jr., AIA, President of Optima, Inc.

The newly remodeled retail space at 228 E. Illinois Street features a custom Streeterville-inspired wall mural created by Chicago-based artist Eric Harold. Designed, developed and managed in-house by Optima, Inc., Optima Signature was completed in 2017. The LEED Silver® Certified luxury rental community features 1.5 acres of amenity space.

Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!