Parkchester was built between 1939 and 1942 by Met Life as high quality middle-income rental housing, in a self-contained mixed use pedestrian environment. At the time, Parkchester was one of the largest privately-built planned communities in America. By 1995, after decades of neglect, CPC Resources, and its partners, real estate developers Morton Olshan and the late Jeremiah O’Connor, formed the Parkchester Preservation Company (“PPC”) to lead the Parkchester renovation effort. In 1998, PPC began a $250 million, 6 year restoration of Parkchester that has spurred the revitalization of the entire community.
Parkchester’s 12,271 apartments offers a mix of affordable rental and ownership options creating a unique diverse community that is well served with street level retail, outdoor recreation areas and convenient access to public transportation.
The 540,000 sf of retail has been completely renovated and leased to a mix of local and national retailers including Marshalls, Macy’s, Starbucks, Carter’s, Blink Fitness, Chase, Boston Market and Walgreens
Today Parkchester is recognized as a great success story for the preservation of affordable housing.
1 to 3 bedrooms
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Olshan Properties provides leasing, property management and asset management services on behalf of PPC