Lakeview Apartment Development Secures Key Vote

Posted by Helaine Cohen on Friday, January 24th, 2020 at 1:22pm.

Lakeview Chicago Apartment DevelopmentA proposed seven-story apartment development moves closer to reality in Lakeview. The Chicago Plan Commission recently gave the go-ahead to bring around 200 rentals and nearly 100 parking spaces to the site of a now closed Treasure Island grocery store on N Broadway.

The revised proposal is significantly smaller than the original eight-story proposal unveiled to neighbors last summer for the Optima Lakeview development. That design included around 250 apartments with an all-glass façade.

Some surrounding neighbors had previously complained about the original design’s density and height. Among other things, the newly proposed design is a mixture of glass and brick with some in-set balconies.

Now that the revised project has approval from the Plan Commission and a local alderman, the project moves to the Chicago City Council. Developers need to secure votes from the council for a requested zoning change. The former grocery store at the site closed in 2018. 

Helaine Cohen, Chicago Real Estate Broker

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