oof. if avenue bought them, this site is about to do a whole lot of nothing. I rent from them; they aren't slumlords or anything, decent to deal with actually, but they don't do anything with their properties. Other than any maintenance or renewal work needed to keep tenants in them, these buildings are just going to sit. they own a slew of buildings in my area, and they follow a pattern of being bought, some maintenance, a permanent vacancy sign installed, and then when the building envelope starts showing problems (these are all 1960's era woodframe low-rises with brick and stucco exteriors) they swap the stucco for siding and paint the poor thing grey. Not a lot of value-add or investment happening lol.
I would also take this as a sign that any project on the site is dead. Avenue does seem to hold on to properties long-term.