Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.”
- ◦Lease
- ◦Development


