An eagle-eyed reader noticed something afoot at "Leland House," the Cornerstone managed and owned permanent shelter at Leland and Malden. A new management sign listing PARK INC was installed on the building. New sod was laid this past fall and construction dumpsters were outside for some time. Now what has happened is even more clear judging by new apartment listings touting beautiful finishes, granite countertops, in-unit washer/dryer, central HVAC and more with rents starting at $1,600 a month for a 2 bedroom.
Cornerstone appears to have sold the building because they owed $249,786 as of May 13, 2016 on a line of credit on the property that apparently was not repaid, according to the yearly audit of Cornerstone Community Outreach. Inquiring minds would like to know why our local activists didn't protest this sale?
|The newly remodeled units starting around $1.600 for a 2 bedroom (Spaces Realty)|