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From Groceries to Gold on Chicago’s North Side

Optima Lakeview’s Glassy Exterior at 3478 N. Broadway Shines During ‘Golden Hour’
Optima Lakeview, a 198-unit apartment building on Chicago’s North Side, replaced a former Treasure Island grocery store on the site. (Justin Schmidt/CoStar)
Optima Lakeview, a 198-unit apartment building on Chicago’s North Side, replaced a former Treasure Island grocery store on the site. (Justin Schmidt/CoStar)
CoStar News
June 3, 2024 | 9:15 P.M.

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.


BUILDING DATA

Building Name: Optima Lakeview
Building Size: Eight stories, 198 units
Owner: Optima Inc.
Building Location: 3478 N. Broadway, Chicago
Date Completed: June 2022
General Contractor: Optima Inc.
Building Architect: Optima Inc.

Snapshots looks at properties through the lenses of CoStar’s architectural photographers.

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