Lofts at Roosevelt Collection 95 percent leased, 85 percent occupied

Roosevelt Collection, 150 W Roosevelt Rd, Chicago

The Lofts at Roosevelt Collection has been a popular search topic at YoChicago for the last year, and that interest is showing in its leasing activity. The development at 150 W Roosevelt Rd is now 95 percent leased and 85 percent occupied, leaving just 27 one- and two-bedroom apartments available for lease, says one a leasing consultant. Not bad for a development that didn’t officially shift its marketing from condo sales to rentals until last fall.

A few units are still awaiting some kitchen and bath finishes, and a fitness center and party room won’t be ready for another month or two, but otherwise construction on Roosevelt Collection’s soft lofts is complete. The leasing staff still isn’t divulging any information about which retailers will be following Kerasotes into the development’s commercial spaces, except to say that about half of the retail space is under contract, and that occupants are expected to arrive in the next 12 to 18 months.

South Loopers who are anticipating the recreational space planned to the north of the development will have to wait even longer than that — apparently the park is a part of Roosevelt Collection’s future high-rise phase, and no movement is expected on that front until the retail component fills out.

Available one-bedroom lofts at Roosevelt Collection start at $1,637 a month after concessions, one-bedrooms with dens start at $1,780, and two-bedrooms start at $2,022. Parking is $210 a month, or $250 for a reserved space.

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