Community Corner
Lincoln Park Condos Accuses Parker School Of 'Hostile Takeover'
Belden By The Park claims Francis Parker set up a trust to hide the fact it was purchasing condos in the building.
CHICAGO (CBS) — A Lincoln Park condo association is suing Francis W. Parker School, accusing the elite private school of surreptitiously purchasing units in their building in a bid for a “hostile takeover” so it could force other owners out, and use the building for a campus expansion plan.
Belden By The Park claims Francis Parker set up a trust to hide the fact it was purchasing condos in the building, and claims had the association known who was truly making those purchases, they would have used their “right of first refusal” to block the purchases.