Church-to-Condo Conversion Sells Out in Ukrainian Village
Regency Development Group has reached a sellout of The Revival, the adaptive reuse and residential conversion of a landmarked church into nine luxury condominiums in the West Side’s Ukrainian Village neighborhood. Located at 921 N. Hoyne St., the St. John’s Evangelical Lutheran Church has stood since 1905.
@properties Developer Services launched sales in August 2019 and sold the three- and four-bedroom condominiums at prices ranging from $579,000 to $975,000. Six of the nine units were sold and closed during the COVID-19 pandemic.
“We launched into a lackluster market at the end of 2019, and then COVID hit, followed by the civil unrest that affected some of the nearby retail corridors,” said Cyndy Salgado, EVP of development sales for @properties Developer Services. “All of the talk was about how the city was toast, but our market share and broker relationships kept people coming through the door.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).