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The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
Avenir Boston to be built?
Is Avenir Boston still going to be built?
Abby Goldenfarb, a spokeswoman for Trinity Financial, insists the developer still hopes to start work by the end of the year, and is now working to firm up financing and sign up a construction contractor.
“We are just re-evaluating our sales strategy,” Goldenfarb said.
But the announcement of the marketing shift comes after an anticipated September groundbreaking that never materialized.
Ouch!
“To me it’s code that the project is in trouble,” said John A Keith, a Boston real estate broker who writes a blog on the local market.
One possibility could be downward repricing of the condos, which had been offered in the $500,000 to $700,000 range, Keith said.
D'oh.
Source: Avenir condo complex has shaky future - By Scott Van Voorhis, The Boston Herald
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