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Troubles, Troubles: Bucktown Station Hits the Market

In January 2011, we brought you news of Bucktown Station's demise. When the economy hit the skids in '08, it took the 15-unit condo project down with it, forcing developer Bruce Fogelson of Paramount Homes to file for bankruptcy. At the time, only 20 percent of the units had been sold. The building was eventually converted to rentals and is now fully occupied, with rents ranging from $2,675 to $2,850. Now, Crain's is reporting that Fogelson has put the development, at 1845 N. Western Ave, on the market at a price of $4.75 million. The sale covers the remaining unsold inventory of condos along with retail and parking space. [Crain's, previously]