ALGONQUIN – The new owner of a prominent apartment building in downtown Algonquin is hoping to keep the building as apartments instead of condos – a provision set by the Algonquin Village Board five years ago. Instead of foreclosing on the 63-unit residential building at Routes 31 and 62, the lender that financed the completion of the Riverside Plaza project accepted ownership, Community Development Director Russ Farnum said. The new owner, UCF Riverside Fee Owner LLC, has hired new management, evicted problematic tenants, re-rented the units and is marketing the street-level retail spaces.