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Chicago & Midwest  + Downtown  + Apartments  | 

Parkline Chicago’s Penthouse Luxury Rentals Reach 40% Leased

Parkline Chicago developer Moceri + Roszak has leased 10 of the building’s new 24 “Penthouse Collection” ultra-luxury apartments, reaching more than 40% leased after less than two months on the market. Construction pf the Loop development was completed in April  and the apartments on floors 4-19 reached full lease-up in August. 

In early August, Moceri + Roszak announced the shift to market the upper-level residences as the Penthouse Collection ultra-luxury rentals rather than as for-sale condominiums. According to Thomas Roszak, partner with Moceri + Roszak and principal of Thomas Roszak Architecture, the shift from condos to apartments was a logical business decision to capitalize on the booming downtown Chicago rental market. 

“The interest and leasing velocity we’ve seen with the Penthouse Collection apartments resoundingly confirms our decision,” said Roszak. “There is unmet demand for large, high-end new-construction apartments in the city.”  

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Lease
  • ◦Development
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