It’s easy enough to understand why someone would live on Elston Avenue, despite its generally bleak commercial and light industrial character. We all have our differing priorities, and some of us opt for what we perceive to be our best option close to something or other that matters to us.
It’s far more difficult, at least on the surface of it, to understand why developers undertook a spate of new condo construction on Elston during the last decade. Few of these developments have ended well.
One project that’s been a complete bust is Rockwell Plaza, 2964 N Elston Ave, pictured above. It lives only on useless search-bait websites like Best Chicago Condos, one of many sites luring dreamers to Dream Town Realty.
Rockwell Plaza’s developer, Rockwell Plaza LLC, was involuntarily dissolved in March of 2011. Its sole member, Trinidad Development Inc, was involuntarily dissolved in July of 2010. Trinidad’s principal, Richard Trinidad, has a reasonably lengthy history in the courts, including a suit alleging fraud, several foreclosures and, apparently, a bankruptcy filing.
Anyone willing to speculate on how long this Avondale property will remain in its current state?