More of Metropolitan Development Enterprises‘ new-construction homes face foreclosure, according to Crain’s. This time, Lakeside Bank is seeking $7 million on four unsold homes in the five-unit Lincoln Park West Collection, located at 1901 -1909 N Lincoln Park West in the Old Town Triangle. Metropolitan started building the six-bedroom / five-bath single-families in the spring of 2007, according to old Yo posts.
NewHomeNotebook lists a price range of $2.9 million to $4.8 million for the homes. Koenig & Strey GMAC still lists the home at 1901 N Lincoln Park West at a price of $3.65 million.
Crain’s reported two weeks ago that Metropolitan also faces a $24 million foreclosure suit against its unfinished Rainbo Village condominium development in Uptown.