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av

I live next to this building and it has been an eyesore long before I moved to the neighborhood.  It’s been sitting vacant (except for some rumored squatters?) with broken windows and has without a doubt kept our property values down in an otherwise great neighborhood.  Doing a bit of research a while back it looked like the property was entangled in some legal dispute so I imagine rehab had to wait for this to settle down.  Whoever owned it for the past few years must have lost a fortune by letting it remain in such sad shape and mostly, if not entirely, unoccupied and in such sad shape.  This morning I was surprised to see workers gutting the inside and a quick Google search revealed that a permit was taken out in December for internal demo.  I think it would be fantastic for the neighborhood if a developer revamped the building and sold it off as condos or if it became another co-op like most of the buildings around here.  Anyone know anything more about the status of the property and what's planned for it?