Son sues dad’s estate over condo project

A fight between a father and son developer team who failed to complete the Main Street Station condo project on Chicago Avenue in Evanston has moved into the courts.

Crain’s Chicago Business reports David Katz is suing on behalf of himself and other investors to recover $1.7 million from the estate of his late father, Bernard Katz, who he alleges mismanaged the 71-unit condo development conceived in late 2006 for the site at 821 Chicago Ave.

David Katz says he raised money for the project, but was fired and booted off the development by his father Bernard who switched sales teams twice before the project ultimately went belly up — after the existing building on the site was demolished but before construction on the new structure began.

The project was hit with a $4.3-million foreclosure lawsuit in December 2008.

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