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Dakoff quoted in Crain’s ChicagoRealEstateDaily.com article, “Hyde Park residents sue over co-op’s conversion”

Date

May 10, 2011

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1 minute

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LP partner Howard Dakoff was quoted in a Crain’s ChicagoRealEstateDaily.com article on a group of residents in a prominent Hyde Park residential cooperative who have gone to court over a plan to convert the building into condominiums, alleging that the switch costs too much and will force them out of their apartments.

But Dakoff, the co-op board's lawyer, says the lawsuit is simply an attempt by 10 residents to avoid their obligations. He noted that at least one of the residents suing has already converted, another is on the record voting in favor of the conversion and three others are delinquent on their rent payments. "They want the benefit of living in a condo without paying for it," Mr. Dakoff says. He added that more than 58% of the building's residents have already converted their units to a condo.

Click here to read the full article at ChicagoRealEstateDaily.com.

 

 


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