Neighbors are no doubt eager to see something built on this Kensington lot at Caton Avenue and 5th Street, supposedly complete with approved plans for luxury condos. City records indicate work was started on the property in 2003, but demolition didn’t move very fast—two years later, a partially demolished building still existed on the seemingly abandoned and unsecured construction site. Meanwhile, the property has been bought and sold three times. In 2003, it was sold for $125,000. In 2004, it was sold for $900,000. And one year later, it was sold for $999,000. Now, it’s on the market for $1.35 million. It looks like the current owner re-filed plans, but a Stop Work Order pre-dating the sale is still in place, which says: “This is a corner property and there is a construction site that is not closed off thre [sic] is a open gate and debris are falling all over the sidewalk on East 5 Street. Site has been abandoned for months.” Coldwell Banker realtor Devonne Johnson said the 6,000-square-foot lot, listed for $1.35 million, has approved plans for a three-story, 10,000-square-foot condo building with six units (they weren’t found). She said the owner, who could not be reached, “wants to free up capital.” The property has been on the market for several months, and Johnson said she may have an interested buyer. According to the listing, the “community is eager to see this project built.” But it doesn’t seem like the best timing. What do you think the future holds for this corner lot: surface parking, another flip or new condos? P*Shark DOB