realestate

Optima's Wilmette Apartment Development: A Critique-Defying Success Story

Optima Lumina, a 128-unit apartment project in Wilmette, is closer to breaking ground after a unanimous recommendation for approval from the Wilmette Plan Commission on Tuesday evening.

T
he latest apartment project by Optima is one step closer to breaking ground after a crucial decision made by local officials on Tuesday evening. The Wilmette Plan Commission unanimously endorsed the approval of Optima Lumina, a 128-unit apartment complex planned for 721-739 Green Bay Road, as reported by the Record North Shore. This decision represents a significant milestone for both Optima, the developer behind Lumina and the 100-unit Verdana complex at 1210 Central Avenue, and the project itself, which has undergone seven revisions.

    The Optima Lumina project has been under scrutiny since its conception. The Commission's decision came after a two-and-a-half-hour intense public debate. Concerns were raised about the project's scale, design, and potential impact on traffic. However, the Commission acknowledged the extensive revisions made by Optima, which were aimed at addressing earlier criticisms.

    During the meeting, Optima President David Hovey Jr. presented the latest proposal, which includes changes such as a larger public plaza for improved seating and functionality and a widened alleyway to alleviate traffic congestion. The updated design also features terracotta cladding designed to replicate the traditional hues of "Chicago brick," aiming to better integrate with Wilmette's historic aesthetic. Although Optima made necessary adjustments to the proposal based on public feedback, the local advocacy group Preserve Wilmette Character continued to oppose the project's scale and modern design.

    The Plan Commission approved the project with certain conditions. Commissioners recommended that Optima reconsider the dark shade of the terracotta, which they felt might not align with the local architectural style. The Village Board could give final approval next month.

    Chicago leads the country in residential rent growth, and the suburbs are performing especially well. The median rent in the metro area increased $120 in March through June, according to Redfin and Zillow. Typical rents in Chicago had reached $2,200 per month, requiring an annual income of $88,000 to be considered affordable.

Optima's Wilmette apartment development in Illinois, a successful real estate project.