The developer of the Sienna Condos in downtown Evanston has filed for bankruptcy protection this week, according to an article in the Chicago Real Estate Daily.
According to the report, Thomas Roszak “said he has assets of $1 million to $10 million and liabilities of $50 million to $100 million,” and that seven companies he co-owns filed for Chapter 7 petitions.
Sienna, a four-phase 120-unit development, only completed two phases. Roszak had filed a request with the city last year to build a hotel and rentals for the final two phases. That request was never pursued.
Afterward, Roszak placed the two remaining lots – 1760 and 1780 Oak – on the open market for $9,500,000. The property was taken off the market May 31, 2009.
Meanwhile, Illinois Attorney General Lisa Madigan has filed suit against Roszak for failing to comply with accessibility laws in the design and construction of the Sienna condos, according to an article in Evanston Now.
The lawsuit claims Roszak targeted potential buyers with disabilities, promising them easy access to the condos. But the route with easy access for people with disabilities was not finished, the lawsuit alleges.
In May 2007, a 20-foot by 70-foot section of a garage roof collapsed at the site of the Sienna development. No one was injured.
Closed Properties
142 Clyde #1E – Evanston – $80,000 (foreclosure)
1633 Florence – Evanston – $100,000 (foreclosure)
1860 Sherman #2-3N – Evanston – $117,500
1715 Hartrey – Evanston – $134,900 (foreclosure)
511 Ridge #511- Wilmette – $153,000 (foreclosure)
1418 Fowler – Evanston – $165,000 (foreclosure)
1300 Frederickson – Highland Park – $166,000
360 Ridge #12-2 – Evanston – $189,000
490 Sheridan #2 – Evanston – $239,000
9053 Ewing – Evanston – $295,000
2300 Sherman #3A – Evanston – $297,000
1236 Chicago #604 – Evanston – $300,000
1830 Ridge #104 – Evanston – $307,000
1002 Dobson – Evanston – $315,000 (short sale)
1505 Dewey – Evanston – $355,000 (short sale)
813 Hinman #1 – Evanston – $377,700
1011 Ridge – Evanston – $395,000
323 Ashland – Evanston – $425,000
739 Sumac – Highland Park – $450,000
1500 Sheridan #TC – Wilmette – $520,000
1821 Benson – Evanston – $540,000
1720 Maple #1351 – Evanston – $550,000
428 Brookside – Wilmette – $550,000
620 Ryan – Lake Forest – $570,000
2715 Thayer – Evanston – $600,000
934 Westmoor – Winnetka- $600,000
1328 Greenwood – Wilmette – $660,000
2730 Kelly – Highland Park – $685,000 (foreclosure)
1401 Leonard – Evanston – $785,000
635 Milburn – Evanston – $785,000
1015 Ash – Winnetka – $810,000
1291 Estate – Lake Forest – $885,000
1071 Golf – Highland Park – $900,000
500 Monroe – Glencoe – $925,000
184 Old Green Bay – Winnetka – $950,000
401 Sunset – Wilmette – $1,011,588
1106 Lincoln – Highland Park – $1,030,000
1841 Wedgewood – Lake Forest – $1,095,000
610 Central – Wilmette – $1,254,570
344 Locust – Winnetka – $1,515,000
211 Ninth – Wilmette – $1,597,500
953 Spruce – Winnetka – $1,700,000
35 Green Bay – Lake Forest – $3,100,000
256 Woodstock – Kenilworth – $3,350,000
Contract Pending (List Price=LP)
735 Dobson #3N – Evanston – $50,000 LP
24148 Bridle Trail – Lake Forest – $75,000 LP
1810 Emerson – Evanston – $117,500 LP
606 Green Bay #1B – Glencoe – $160,000 LP
704 Reba #201 – Evanston – $169,900 LP
1111 Church #607 – Evanston – $197,000 LP
2025 Sherman #410 – Evanston – $225,000 LP
209 Dodge – Evanston – $229,900 LP
2006 Harrison – Evanston – $350,000 LP
801 Hinman #1 – Evanston – $389,000 LP
2918 Washington – Wilmette – $445,000 LP
2138 Elmwood – Wilmette – $465,000 LP
562 Winnetka – Winnetka – $479,000 LP
2506 Prospect – Evanston – $579,000 LP
268 Sheridan – Glencoe – $687,000 LP
2414 Hartrey – Evanston – $689,000 LP
791 Walden – Winnetka – $715,000 LP
1418 Florence – Evanston – $780,000 LP
919 Judson – Highland Park -$1,275,000 LP
2335 Greenwood – Wilmette – $1,375,000 LP
807 Davis #2402 – Evanston – $1,995,000 LP
305 Kenilworth – Kenilworth – $2,250,000 LP
870 Bell – Winnetka – $2,995,000 LP
562 Cherry – Winnetka – $2,995,000 LP
Based on information from Midwest Real Estate Data for the period June 30, 2009 through July 3, 2009. Listing and solds by various participants of MRED.
For more real estate information, please call me at 847-512-2724 or email me at TPareti@rubloff.com
Filed under: News Tagged: | evanston closed properties, evanston properties under contract, evanston real estate, Lisa Madigan, Sienna Condos, Thomas Roszak, tim pareti
