Sunday, September 18, 2005
I found out on Saturday that the pictured building has been sold to a developer who plans to tear it down and put up 6 condos. I literally felt sick to my stomach.
Steve knows the guy who owns the building. He's a former Loyola University professor and has lived there for over 30 years. His wife is getting arthritis and the stairs are getting to her etc... They are moving to a high-rise in nearby Evanston and I think they plan to travel alot.
This property is on a double lot, which is why the developers want it. They can build their million-dollar-making 6 condos on the land.
As soon as Steve told me, I stopped working (I was staining trim) and walked the block to their house with my camera.
The woman (I don't know her) opened the window as I was taking these photos and asked me what I was doing etc...
A conversation ensued about how I was really upset that this perfectly maintained building was going to be torn down. I won't go into all the details, but from what she said to me, she sounded like she'd been brainwashed by developers. She said things like this:
"No one would want to pay the money to do the work on this place in this neighborhood."
Now, I know you guys will all agree with me on this, that this simply is not true.
"All the other offers we got were $200K less."
Frankly, I think this is an outright lie. I never saw listing signs on the building and believe some developer told her that or maybe a mortgage broker who is in tight with the developers.
"Do you have someone who can buy it?"
I will do what I can on this one. Call the Alderman, rally the troops, but it may just be too late. But you bet I am going to show up at the perfunctory Meeting the Alderman has regarding this property and give them a jar full of vinegar! I'll let you guys know how it goes.
I'll post on the work done this weekend during the week. Despite this, it was a productive weekend at our house.