The property at 1226 W. Oak St. has been sold, but Verus Real Estate Advisors declined on Thursday to name the buyer.
Reached by phone Thursday afternoon, Greg Johnson, managing partner at Verus, would not confirm the buyer but indicated the deal would be well publicized in the coming week or so.
A city board earlier this year declared the property substandard, ordering its previous owner, Bahram Naderi, to either demolish the buildings at the corner of Oak and Fry streets or fix the conditions of the buildings for the safety of the residents living there.
City spokesman Ryan Adams said Thursday he could not comment on the sale or about the city’s future involvement with the property until after consulting with the city’s attorneys.
He wrote in an email on Aug. 2 that the city has “referred the matter to outside counsel and expect to proceed with further enforcement actions in the near future.”
Some people at the properties have been evicted, others have moved, while some remain. Some of the buildings have boarded-up windows.
Naderi could not be reached for comment Thursday.
Glen Farris, the vice president of leasing and urban redevelopment at Verus, was on the city’s Health and Building Standards Commission that moved on the 1226 W. Oak St. property in February.
The property had a Verus for-sale sign on it sometime after the city commission’s February vote.
Farris also would not say who has purchased the property.
Adams said he’d have a fuller response Friday.