The Scott Residences in Old Town Surpasses 60 Percent Leased

Less than 60 days after welcoming its first residents, The Scott Residences, a new luxury rental midrise in Chicago’s Old Town neighborhood, is more than 50 percent leased. Onsite management and leasing for The Scott is overseen by Chicago-based RMK Management Corp.

Located at the corner of North Wells and West Scott streets, one block north of Division St., The Scott has 71 units, including convertible, one-bedroom, two-bedroom and three-bedroom floor plans, ranging in size from 580 to 1,720 square feet. Each apartment home features custom kitchen cabinetry, granite countertops, glass-tile kitchen backsplash, GE Artistry™ kitchen appliances, nine-foot ceilings, plank flooring throughout, and a full-size washer and dryer. Select units also have a balcony or terrace, and some have a built-in tech niche, per plan. Parking is available for an additional fee. Rents start at $1,900 a month for a convertible unit.

“There has been a lot of news surrounding the downtown luxury high-rise apartment boom in Chicago, but the fast pace of leasing at The Scott shows there is strong demand for new luxury rentals in other desirable neighborhoods, too,” said Anthony Rossi, Sr., president of RMK Management Corp. “The Old Town neighborhood has long been a sought-after place to live for a variety of people because of its picturesque streets, historic architecture, plentiful parks, wide variety of dining and retail, proximity to the lakefront and easy access to downtown. And because of The Scott’s range of floor plans, the building, too, is attractive to a variety of renters.”

In addition to its spacious floor plans, The Scott offers amenities such as a resident club lounge with a fully equipped kitchen; fitness center; billiards parlor; rooftop deck with grills and a fire pit; private dog run; bike storage; valet dry cleaning service; onsite management and concierge; storage lockers; and street-level retail including a Starbucks and Massage Envy. The Scott Residences is a smoke-free building.

“Residents appreciate that The Scott offers the same luxury amenities associated with downtown high rises, yet in a more intimate boutique building,” noted Rossi. “Plus, the floor plans are a bit larger than what renters will find downtown.”

Rossi also noted residents can easily enjoy the convenience of the Old Town location with several shopping and dining options steps from the property. Additionally, there is a Plum Market grocer across the street, and the CTA Clark/Division red line stop less than three blocks away.

For more information on The Scott Residences, visit www.thescottresidences.com, and to learn more about RMK Management Corp. and its portfolio of properties, visit www.rmk.com.

Chicago-based RMK Management Corp. manages more than 8,300 apartment homes in the Chicago, Indiana and Minneapolis areas. The company’s portfolio spans a range of apartment types, from high-rise and mid-rise buildings to two- and three-story walk-up apartments, garden apartments and affordable housing. RMK also develops, builds and renovates communities. The Illinois communities are located in Round Lake, Waukegan, Barrington, Palatine, Libertyville, Schaumburg, Geneva, Aurora, Naperville, Downers Grove, Oakbrook Terrace, Evanston, Lombard, Wildwood, Chicago, and Springfield. Communities in Minnesota are located in Minneapolis and Edina, and the Indiana community is located in Indianapolis.