NEW BEDFORD - The Building #19 property on Hathaway Road in New Bedford has a new owner and the existing structures may soon be leveled.

Washburn Realty, LLC purchased the property from 19 Hathaway Road, Second Trust, at the beginning of the new year.

Liz Isherwood, spokesperson for B.S. Realty, a common partner with Washburn Realty, says the new owners do plan to develop the property, though the plans are uncertain at this point. "Obviously, they would like to see that part of the city improved. They do have no definitive plans at this point, but they've pulled the (demolition) permits because it's a process to transfer an existing property into something new," said Isherwood.

Signs that read "New Construction: Built to Suit" are hanging on the property along Hathaway Road, with excavators already sitting on the lot.

Building #19 filed for bankruptcy in 2013, and the New Bedford location has been vacant since then.