Case Study: 1660 Condominium Chicago boosts parking revenue and security with ParqEx

1660 Condominium Chicago Increases Income by 200% Leveraging ParqEx Technology Suite

The 1660 Condominium Association, a 491-unit high-rise in Chicago managed by FirstService Residential, sought to improve the security and monetization of its 412-spot garage. Their challenges included cumbersome resident billing, inefficient guest access, and the need to maintain income and convenience during a major nine-month garage renovation. They partnered with ParqEx to implement a full suite of solutions including Access+, Marketplace, GuestParq, and Enforcer.

ParqEx provided a comprehensive system that managed access, guest reservations, and enforcement, while also enabling the property to rent out unused spaces. Critically, the ParqEx platform allowed for the strategic temporary relocation of parkers during the renovation, preventing lost income. As a result, 1660 Condominium saw a 200% increase in parking income, over 3 million secure garage entries, and over $4,000 in cost savings, all while significantly improving efficiency and resident satisfaction.

1660 Condominium Chicago

Shirley Feldmann

Property Manager