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.
I love how they advertise the park is already there on their site when it is clearly not even started. False advertising. http://www.rooseveltcollection.com/the_green.php
Since when is the park supposed to be part of the high-rise phase? I was told by some of the workers there that the park would be completed by the end of the summer. I walked over there earlier today and it isn’t even started. If they are going to delay the park, the least they could do is connect a walkway to the rear stairs so neighboring building residents can get to it without having to go around to Roosevelt or cut through the parking garage.
Brian,
Misleading advertising has been a hallmark of this development for quite some time.
The shops were touted as if they were already there in many locator ads for the property.
going back to lender.
Hey, at least the theater is nice…and when you factor in the free parking, it’s actually a pretty good deal. Unfortunately, I doubt the free parking will last forever.