Case Study: The Silver Tower Condominium Association boosts guest parking revenue with ParqEx GuestParq

Silver Tower Chicago Instantly Adds $1,600 Monthly Revenue with ParqEx

The Silver Tower Condominium Association, a high-rise building in Chicago, lacked a dedicated guest parking solution, causing resident frustration and missed revenue opportunities. Their complex garage layout with multiple access points made finding a suitable solution difficult. The Association partnered with ParqEx to implement its GuestParq service to address this challenge.

ParqEx installed its proprietary Access+ technology to control garage and pedestrian doors via a smartphone app, creating a seamless access experience for guests. This solution generated $1.6k in additional HOA income within the first eight weeks and accommodated over 70 guest visits, all while eliminating resident complaints and management issues. ParqEx delivered a complete program that met all of the client's requirements.

The Silver Tower Condominium Association

Laura Norris

Community Manager