Almost two years ago to the day, I added the following comment to a post on the Lofts at 1800, a development of the Kopley Group:
There’s something about the amount of hype emanating from this group that should, in my opinion, raise a flag for every potential buyer.
The marketing director for the Kopley Group, someone I’d known for years, contacted me and pleaded with me to meet with Nick Kopley, assuring me I’d form a different impression. I repeatedly declined the invitation, on the grounds that I’d long since exhausted my lifetime quota of time spent with shameless hypemeisters.
Several Kopley Group buyers have since reached out to us, and we’ve provided a forum for them to recount their experiences with this developer. Earlier today I met with another dissatisfied buyer, and you can see his experience in the above video.
When David Derk bought a condo at Renaissance Lofts in Rogers Park the developer’s buyback guarantee was an important part of the deal.
Derk had recently relocated from Arizona after years spent caring for his parents, and he wasn’t sure the location, at a busy intersection, would be suitable for him.
Traffic noise proved to be a problem for him, as did fumes from a nearby restaurant that aggravated his asthma. So, Derk exercised his contractual right to have the developer buy back his unit.
According to Derk, three scheduled closing dates passed with no explanation from Kopley Group, the developer – and no explanation for the failure to close. Derk reluctantly filed suit.