I thinks I know.
I know a few people who own there.....it's a mess and very unfortunate!
Large assessments after multiple hurricanes causing discreet damage, evidently. Bldg. needed a loan to complete repairs, market (lending) tanked and can't get financing. It's an awful situation! There are some rumblings of foreclosures from individual owners there as well. This will domino for that building.
I stayed there with Sweet Pea when I was down looking for my cottage and it's a great place (location, etc.). I hope they can get back on their feet soon. Babyblue, I've been emailed pics and it's an eyesore, definitely. I hope all of you on that charming street are fairing well! ;-)
Cheers and hang in there~~~~~~