Office N Illinois

Luxury apartment building Optima Signature enters co-working game, will lease out business suites

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Optima, Inc. is currently leasing fully furnished commercial office suites at Optima Signature, a 57-story, 490-unit Class A tower at 220 E. Illinois Street in Chicago’s Streeterville neighborhood. The suites are available to nonresidents of the building as well as residents. In a unique offering in the popular co-working market, individuals and small businesses leasing space at Optima Signature also have access to the development’s 1.5 acres of amenities across three floors.

“Optima Signature’s business suites are truly a one-of-a-kind opportunity for those seeking office space near the Magnificent Mile as they offer both convenience and a professional environment set against a luxury residential backdrop,” said Tara Hovey, president and COO of Optima, Inc. “The business suites reflect the Optima lifestyle by delivering the ultimate live, work and play experience with exclusive access to wellness-oriented amenities in a premier location just steps from Michigan Avenue and the Chicago Riverwalk.”

Optima, Inc., a family-owned firm that serves as architect, developer, general contractor and manager or broker for its multifamily projects, is currently leasing 22 commercial office suites on the Grand Mezzanine (2nd floor) and 7th floors, ranging in size from 200 square feet to 720 square feet, with the capacity for one to five work stations and options to accommodate up to 10 people. The development also features two 194-square-foot suites and one 1,610-square-foot suite, which are all currently leased.

Furnished suites include a desk(s), lighting, mini-fridge, built-in cabinetry and window treatments. Select suites also have round conference desks with chairs for team meetings in addition to the work stations. Business suite users have free Wi-Fi and access to a shared kitchen and dining area. Rent ranges from $1,000 to $2,400 per month.

Recent data from the U.S. Census Bureau shows 8 million people (or 5.2 percent of workers) worked at home in 2017, and that number is only expected to rise.

“As more professionals work from home than ever before, they’ve become more sophisticated in their expectations for quality office space. Optima Signature’s business suites are a step up from the common business center or lounge that many multifamily developments offer, and raise the bar on professionalism by making it possible to hold a teleconference or in-person meeting in a more private setting,” Hovey said.

Optima Signature also offers 5,100 square feet of retail space along upper Illinois Street and additional retail space and professional office space on its Grand Mezzanine, Plaza Mezzanine and 7th floors. Businesses currently leasing retail space in the building include Guidepost Montessori at Magnificent Mile, GoodVets Streeterville and RUNAWAY fitness.

Designed by award-winning architect David Hovey Sr., Optima Signature opened in 2017 and is a LEED Silver certified luxury rental development. The building’s 1.5 acres of amenity space include resort-style indoor and outdoor heated swimming pools, a cutting-edge fitness center, resident lounge with coffee bar and basketball, squash and bocce ball courts. Outdoor amenities include a 40-yard running track, dog park, children’s play area, whirlpool spa, cabanas, lounge seating, televisions, co-ed sauna and steam rooms, two full kitchens, grilling stations and dining areas.