Developed by MNS (Moment’s Notice Services), EdgeLux will feature 42 thoughtfully designed residential units, including select units with private balconies. The property further includes ground-floor commercial spaces and 21 parking spaces.

“We are proud to partner on the management of EdgeLux,” said Luke Markewych, Vice President of Mid- and High-Rise Management at Peak Properties. “This development exemplifies modern living with this blend of residential comfort and urban accessibility. Our team is eager to deliver a first-class living experience to EdgeLux residents.”

Located in the heart of Edgewater, EdgeLux offers proximity to Chicago’s lakefront, dining options, and a local arts scene. Peak Properties will bring its expertise in tenant engagement, community building, and efficient property operations to ensure the building sets a standard for modern living in Edgewater.

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The two buildings at 2609-15 N. Hampden Court and 426-24 W. Deming Place are situated near entertainment and dining options. The properties also offer access to Diversey Harbor, the lakefront, Peggy Notebaert Nature Museum, and Lincoln Park Zoo.

“We are thrilled to bring our expertise to these two properties in Lincoln Park West,” said Mike Zucker, founder of Peak Properties. “These buildings exemplify the Chicago charm that we all know and love. Our team is committed to elevating the tenant experience and preserving the timeless appeal of these properties.” Peak Properties will implement strategies for tenant satisfaction, including management services and community engagement.

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Peak Properties has added Low-Line Commons, a 95-unit apartment building located at 3431 & 3449 N. Ashland in Chicago, Illinois, to its management portfolio.

Situated in the vibrant Lakeview neighborhood, Low-Line Commons offers a blend of modern living and urban convenience. With its prime location near Southport Corridor, the property offers convenient access to public transportation.

“We are thrilled to take over management of Low-Line Commons,” said Mike Zucker, founder at Peak Properties. “This property embodies the quality and community focus we strive for, and we’re excited to bring our expertise in property management to enhance the experience or both current and future residents.”

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Originally constructed in 1907, the Graeme Stewart Elementary School was home to students for more than 100 years before its 2013 closing. The property was sold to Morningside in early 2016, who was the developer, general contractor, and property manager of the adaptive reuse project, which was completed in 2018.

Today, each home has a different blend of restored original details, such as wood trim, hardwood floors, exposed brick walls, chalkboards, original basketball court striping on the floor, and original doors.

Formerly unused attic space now features the property’s most unique apartments, featuring mansard clay tile ceilings, skylights, and patios with lake views. The property is managed by Peak Properties and exclusively leased by Cross Street.

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Kiser Group announced the promotion of Andy Friedman from Senior Director to Partner. Since joining the firm, Andy has played an integral role in driving the success of Kiser Group’s Chicagoland business through his expertise in condominium deconversions, multifamily sales, and mixed-use transactions across Chicago’s most sought-after neighborhoods.

Cross Street, a full-service real estate brokerage specializing in leasing and brokerage services, has named Erin Higgins as their National Leasing Director.  This addition comes as the company continues to expand from its Chicago base to new markets nationwide. Higgins brings more than a decade of experience in the industry, having most recently served as Vice President of Leasing and Marketing for CA Ventures.

Lee & Associates announced Andrew Block has been promoted to principal at Lee & Associates of Illinois from executive vice president. He has been a key member of the firm’s Industrial Services Group for more than eight years, focusing on Chicago’s west suburban market, specifically the I-88 Corridor and Fox Valley areas. Block guides tenants and owners through property sales, purchases, leases, build-to-suit T

The Chicago Chapter of The Society of Industrial and Office Realtors (SIOR) recently hosted its Speaker Series Luncheon at Gibsons Restaurant in Rosemont, IL. Ryan Moen, SIOR, Vice President of the SIOR Chicago Chapter moderated a discussion about office market distress and receivership. The panel consisted of Tom Dwyer of Transwestern and Bob Johnson of Equity Commonwealth. 

The post Chicago/Midwest People & Companies; Company News, week of October 25, 2024 appeared first on Peak Properties, LLC. Blog.

The Millennium on LaSalle, 28 S. LaSalle, is a 218-unit property that underwent a commercial-to-residential conversion in the heart of Chicago’s Loop. When Peak Properties took over barely a year ago, occupancy was around 55 percent for a myriad of reasons, and now the property has achieved 96 percent.  

“Once engaged, our client appreciates our objective review of their asset,” says Mike Zucker, managing partner of Peak Properties. With our proven tools and track record, we can effectively support both owners and residents.”

At Millennium on LaSalle, a “cleaning of the house” improved operations, reduced costs, and streamlined the leasing process. Tenant retention increased from 20% to 70%, rent collections by day five increased from 18% to 99%, and rental income increased by 32.5%.

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Cross Street has been tapped to exclusively lease and market the highly-anticipated conversion of the former Ohio Bell Building, a 367-unit luxury building in downtown Cleveland now known as The Bell Apartments. Peak Properties will handle management services for the property.

Located at 45 Erieview Plaza, the redevelopment features new interiors and amenities, including a stunning rooftop with a heated pool, spa and lake views. “Cleveland is an example of a historically smaller urban city achieving notable reinvention, which is driving this particular conversion of the former office space,” said Shane Rachman, president of Cross Street, which has offices in Chicago and Denver. “It’s very exciting to reposition this beautifully redeveloped property in the Central Business District as an extraordinary place to live.”

Formerly the Ohio Bell telephone headquarters, this office-to-residential conversion offers one- and two-bedroom floor plans. “We have the ability to seamlessly integrate into markets across the country, leveraging our systems and success we’ve established in Chicago,” says Oren Pollack, VP of Cross Street.

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Peak Properties LLC has added Uncommon, a 43-unit South Loop building located at 2101 S Wabash Avenue, to its growing management portfolio.

The boutique apartment building has loft-style floor plans with studios, one-, and two-bedroom units. Situated on the corner of 21st Street and Wabash Avenue, the property offers easy access to the Cermak-McCormick Green Line Train Station and local conveniences. 2101 S Wabash also features industrial interiors and sought-after amenities, including expansive window views, custom floating kitchens, in-unit laundry, a fitness center, an outdoor lounge and a bike storage center.

“This is urban living at its best with 43 loft units and all the modern amenities one wants in a building situated in the midst of city conveniences,” said Mike Zucker, managing partner of Peak Properties LLC, a full-service, privately held management and investment firm with offices in Chicago and Denver. “We are a bit ‘uncommon’ too, so this building fits us even better.”

Join the leaders and dealmakers when they explore the most important topics and trends at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register to attend to network with the best in the industry and sit in on discussions you won’t hear anywhere else. Early Bird Registration Ends April 19. 

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Peak Realty has announced the firm has been transformed into Cross Street following the firm’s continued growth. The new name, “Cross Street,” represents the important connections and intersecting parts of life and business. The rebrand encapsulates tremendous growth based on expertise in the leasing, residential and multifamily investment space.

“Our evolution into Cross Street symbolizes our commitment to innovation and service that seamlessly benefits renters, buyers and investors in current and new markets alike,” says Shane Rachman, president of Cross Street. In just five years, the Cross Street team has doubled, with over 12,000 units exclusively leased and over $200 million in closed multifamily and residential sales.

Twelve months after opening a second office in Denver, the team has experienced remarkable growth, including scaling 300 percent and establishing a strong presence in the region with local developers. The firm plans to expand into more markets that align with the company’s core audience, particularly targeting urban markets.

Join the leaders and dealmakers when they explore the most important topics and trends at Connect Midwest: Multifamily, Affordable, Student & Student Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register to attend to network with the best in the industry and sit in on discussions you won’t hear anywhere else. Early Bird Registration Ends April 19. 

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Peak Properties LLC, a full-service, privately held management and investment firm with offices in Chicago and Denver, has been tapped to manage a new construction 10-unit Wicker Park multifamily located at 1220 N. Bosworth Avenue in Chicago.

“This is one of the first projects being assembled by a dynamic group of investors, and we are proud to be a part of their growth strategy,” says Mike Zucker, managing partner of Peak Properties. This is an exceptional property with great amenities, and it is a perfect fit for our management portfolio,”

The building features ten large one-, two- and three-bedroom units with high-end finishes including Archiesesto cabinets, extra wide quartz countertops and soaking tubs. With bike storage, a top-of-the-line fitness room and a common rooftop deck, the building is conveniently situated steps from Division Street nightlife and entertainment, the expressway, and public transportation.

Register today for Connect Phoenix Multifamily & Single-Family Build-to-Rent, scheduled for April 18 at the Westin Kierland Resort & Spa, Scottsdale, AZ.

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