Dear Neighbor,
 
 We are excited to share our revised plans for Optima Lakeview , an elegant, seven-story, mixed-use transit-oriented development to be located at the former Treasure Island grocery store at the intersection of Broadway Street and Cornelia Avenue.
 
We invite you to attend a community meeting on Tuesday, January 14 th at 6:30 pm at Temple Sholom, located at 3480 N. Lake Shore Drive to learn more about these updates. Please join us to support a new development that will enhance our neighborhood.
 
Since our community meeting last July when we presented our initial proposal, our team has diligently incorporated feedback provided by the alderman, community members and the City into our revised plans, including material reductions in height and density. We invite you to view the proposal prior to next Tuesday’s community meeting at www.optimalakeview.com .
 
Optima Lakeview will provide several benefits, including:
·        Keeping our community vibrant
·        Providing new homes
·        Allowing new residents to support our local businesses
·        Eliminating a large vacancy on an important commercial street
·        Creating jobs
·        Providing critical tax revenue to offset the burden on existing residents
·        Helping repair our City’s depleted fiscal resources.
 
As an Optima community, Optima Lakeview will deliver extraordinary living through design, innovation, sustainability and management. 
 
Based in Glencoe, Optima has been developing, designing, building and managing striking urban and suburban luxury residential communities for more than 40 years. Optima integrates the functions involved in new construction within one company, controlling and executing every aspect of the process in-house – development, design, construction, sales and management, for a system that offers greater focus and fluidity. Should you have any questions, we encourage you to contact info@optimalakeview.com .
 
Sincerely,
 
Optima Lakeview
Height and Density Revisions
Eliminated one residential floor , reducing the height of the building from 8 floors to 7 floors

Residential building height reduced from 82’ to 75’

Height of the elevator overrun (tallest portion of the building) decreased from 103’ to 93’ and is only 205 square feet 

Number of residential units reduced by more than 15% from 246 to 208 units

Increased vehicle parking ratio to .45 to 1

Increased bicycle parking from 129 to 208
Facade/Appearance
Along Broadway Street and Cornelia Avenue, reduced amount of glass exterior and created a brick base of the building

Added additional and enlarged terraces along Broadway Street facade given that facade has been brought to the property line

Set the building back at the fifth floor on Broadway Street , ranging from 13’1” to 48’7”

Created a series of terraces along Cornelia Avenue to further set back the building

Per neighbors’ request, added a 5’ high brick privacy wall on the second floor at the western boundary of the development along the community and private terraces

Per neighbors’ request, changed ground floor exterior material along western façade to brick from concrete
Layout Revisions
Increased westernmost setback from 6’11” to 25’

Revisions to building amenity plans have reduced size of the proposed interior atrium
Public Benefits
Reconfigured building entrance to be further east and accessible via Broadway Street to reduce pedestrian and vehicular traffic on Cornelia Avenue

Per neighbor’s request, relocated most mechanical, electrical and plumbing equipment from west side of building to south side of building, away from residential neighbors

Elimination of three (3) existing curb cuts on Broadway Street to encourage further pedestrian use on block and addition of two (2) parking spaces on Broadway Street

We will provide pedestrian countdown and LED signals at intersection of Broadway Streets and Cornelia Avenue

Recessed loading zones into the property to further reduce any potential impact on traffic and eliminate need for vehicles to back up onto Broadway Street
Ground Level/Commercial Space Revisions
Increased commercial space from 8,880 square feet to 13,814 square feet, with commercial space now comprising 20% of overall lot area

Adjusted commercial space layout to abut property line to comply with existing Pedestrian Retail Street designation for block

Awnings have been incorporated to commercial space to enhance consistency with nearby commercial structures

Glass used on Broadway Street commercial façade will include retractable glass walls allowing for indoor/outdoor connections for commercial space
Rooftop Revisions
Relocated pool and spa from Broadway Street elevation and now located closer to southern property line