Legendary NYC Recording Studio Avatar On The Block?

As reported in the September 25th article in Billboard Magazine, according to their sources, the legendary New York City recording facility Avatar, formerly The Power Station, is up for sale. Avatar is one of the last big studios left from New York’s heyday as a mecca for producing hit records. Among the many famous recordings made at the facility are: Bruce Springsteen’s Born in the U.S.A., Rolling Stones’ Some Girls, Peter Gabriel’s So and Duran Duran’s Seven and the Ragged Tiger. Bob Clearmountain, Scott Litt, Jimmy Iovine and Jellybean Benitez all spent years working in the 33,00 square foot recording complex that was built by producer Tony Bongiovi in 1977. Some of their other famous clients include: Elton John, Aerosmith, David Bowie, Bon Jovi, Billy Joel, Madonna, Blondie, Iggy Pop, Chic, John Mayer, Adam Levine, Walter Becker, The Kinks, Arctic Monkeys, Baltimora, Counting Crows, The Clash, Kings of Leon, Marc Anthony, The B-52’s, Tony Bennett, Michael Brecker, Devo, Dire Straits, Dream Theater, John Lennon, Grayson Hugh, Throwing Muses, Serge Gainsbourg, The Strokes, Bryan Adams, Bernadette Peters, Pat Metheny, Keith Jarrett Trio, Neil Young, Jaco Pastorius,[3][4] Harry Connick, Jr., Journey, Muse, George Michael, Betty Carter, Sum 41, Moby, Vanessa Williams, Blondie, Porcupine Tree, Michael Stanley, Joan Jett, The Last Shadow Puppets, The Rumble Strips, Trey Anastasio, Helix, Kathem Al Saher, Gang Starr, Honor Society, Stevie Ray Vaughan, Weather Report, Roxy Music, and the band Power Station, which was named after the studio itself.

Will someone save this grand facility or is it to end up another victim of foreign investor condominiums?