Peak Realty Chicago (PRC), the sister company of Peak Properties, has been tapped to lease-up three new apartment buildings in Chicago’s sought-after neighborhoods of River North, Wicker Park and Uptown, adding over 100 premium apartments to the boutique brokerage firm’s growing portfolio.
“Our team is steeped in the neighborhood markets harvesting data and applying it on a block by block level,” says Shane Rachman, president of Peak Realty Chicago. “With our unique structure, we have found a way to smoothly scale our system of delivering concise institutional grade data/reporting to our partners at every level so that we can make the best real time decisions with an understanding of the immediate impact yet simultaneously planning for the future sustainability of an asset,” he adds.
At 943 N. Crosby, the brand-new construction offers 27 residential units with a mix of one- and two-bedroom/one-bathroom floor plans that include hardwood floors, stainless steel appliances, and an in-unit washer and dryer. The property is pet friendly and residents share communal outdoor spaces as well as garage parking.
Western Lofts (1741 N. Western), a boutique, 25-unit luxury apartment complex situated in Wicker Park offers studio- two-bedroom/one-bathroom units filled with modern features such as grey plank flooring, efficient appliances and in-unit washer-dryers and some with balconies/patios. The pet-friendly building offers common elements such as include a fitness center, rooftop, dog washing station, bike racks, and garage plus controlled-access in the elevator building.
Currently under construction at 4501 N. Sheridan Rd., the mid-rise apartment building being constructed by Mavrek Development includes 59 residential units and nearly 7,000 square feet of first-floor commercial space. The building will have a common gym and co-working areas, and a combination including 11 studios, 43 one-bedroom/one-bathroom, four two-bedroom/two-bathroom and one three-bedroom/two-bathroom units. PRC will commence the branding efforts internally in the next 30 days and apartment rents are projected to achieve over $3/foot for a Q2 delivery in 2023.
PRC will run the branding/marketing and lease up components as well as the stabilized leasing of the residential component upon lease up and Peak Properties LLC, owned by Mike Zucker, will manage both the residential and commercial components in the new building.
