Gouletas gets financing for new co.'s 1st conversion

Nicholas V. Gouletas apparently doesn’t believe in starting small. The scion of a family with a long tradition in Chicago residential real estate has received $39 million in financing to convert the classic apartment building at 2000 N. Lincoln Park West into condominiums. The project, financed by Corus Bank, is the first venture of NVG Residential, Inc. the company Gouletas left American Invsco to start.

NVG Residential is acquiring the 16-story building from Berger Realty Group for conversion to condominiums. The project reportedly will total 195 units. The 73-year-old apartment tower was built as a residential hotel overlooking Lincoln Park at Armitage.

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