Sarah McKenzie

Riverplace apartments for sale; condos next?

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The Pinnacle and The Falls, two luxury apartment high-rises at Riverplace on the East Bank, are on the market for $40.7 million.

Moran & Company, a Chicago-based apartment brokerage firm, has listed the Riverplace apartments on its Web site, touting the properties as an "excellent investment opportunity" with units offering "exceptional views of the city skyline."

New York-based Sentinel Real Estate Corp. owns the two rental properties. The Pinnacle at 20 NE 2nd St. has 170 units, and The Falls at 110 1st Ave. NE has 87 apartments.

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