Crain’s Chicago Real Estate Daily reported yesterday that Optima has acquired a site at 220 E Illinois immediately adjacent to its Optima Center, which is nearing completion.
The Centrum-owned site, which has been on the market for a while, was zoned for up to 600 apartments, and we’d tallied that number in our at-a-glance list of list of new downtown apartment projects. Crain’s is reporting that Optima plans 400 apartment units, a 200-room hotel, and 60,000 square feet of single-user retail space. Completion of the project isn’t expected until 2017. We’ve updated our list accordingly.
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