They definitely have toxic issues. They need to do serious remediation work before it's usable. I pushed hard, with a few partners, to buy the thing last year, but the owners really wanna keep it.
As long as they "restore it"--i.e., keep the facade, make it habitable--I'd be thrilled.
Think it'd be a great spot to put 'town (since they left Avondale)--put in an AIX style restaurant--keep the Riverside area alive!