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Downtown Area Condo Developments

tedo420

By tedo420
in Birmingham

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Southron Burg

Southron

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Twenty City Federal building condos will be auctioned on May 12th to try to pick up the pace of sales. All 48 of the available condos may eventually be auctioned if there is enough demand. According to the article below, auctions have been used recently in Atlanta, Charlotte and Memphis to move sales along.

20 City Federal condo units to be auctioned

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Dystopos Whistle-Stop

Dystopos

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The owners opted to halt the auction after 11 of the 20 units on the block were sold. This probably doesn't bode well for the ownership of the building, nor for the perception of any current market for downtown condos.

The Leer Tower project was also officially abandoned as the property went into foreclosure.

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