Ryan Ceres is a real-estate developer, whose single passion--his love--is renovating derelict buildings and turning them into pristine, gleaming shops, offices, and apartments. The long-abandoned Windsor Machine Works seems like just the project for Ryan, or it would be if it were in a better part of town, but he feels compelled to take it on nonetheless. All seems well, until he comes across the ugly, misshapen, drunken squatter, Winnie, in one the rooms. Because she is not simply a squatter, she is the Domovoi, the spirit of the building, and she doesn't want to change.M. K. Hobson is a fabulous writer; her prose is beautiful and focused, and she gracefully brings alive her subjects. This is a story to read again and again, not just to appreciate the subtleties of the story, but simply to delight in Hobson's craft. This is undoubtedly the strongest story in this month's F&SF.Patrick Samphire