We just got a notice from Truman Square Neighbors about the dilapidated "Mosa Building" at 1014-1036 West Leland:
"A Court-appointed Receiver has taken possession of the residential portion of the building and is boarding up windows and doorways to secure the building from further criminal activity. Apparently, this is the first step in fixing what has been a problematic building for several years.
We are hopeful this will be a step in the right direction to fix this building once and for all. Many thanks go out to the neighbors who were able to attend the court case last week!"
When a building is in receivership, it's basically in the possession of a court-appointed lender. We're happy for the relatively quick action taken in this case, and hopeful that the building is stabilized and secure very soon.
For those just tuning in, the building has been a haven for squatters, prostitutes and druggies since it had a massive flood and was basically abandoned last December. See here, here and here for past posts about the situation.