| Search by tag or site | Login to my blog ▪ Start my own blog |
![]() |
The Boston Real Estate BlogI am an independent real estate broker, focused on the residential real estate market in downtown Boston. |
More About Broadluxe Auction
I was contacted by Brecht Palombo, a real estate agent who has the inside scoop on the auction going down at Broadluxe, the under-construction condo project on Broad Street, in Boston's financial district. Brecht represents the auction company.
The most likely outcome for the Broadluxe is that a developer will buy this property at auction on the 17th, complete it as prescribed and be selling units to end-users in no time. There are a surprising number of units that are under agreement, with escrows making this a very attractive opportunity. The financial setbacks that have provided this opportunity are of course, unfortunate.
To speak for a moment to the parking situation; there are 25 parking spaces secured by a 10 year lease one block from the property. Additionally the Folio has 25 parking spaces remaining that are available to the future owners of the Broadluxe. I have spoken with the owner of the spaces at the Folio and he has confirmed this availability.
The Broadluxe auction is being held onsite on the 17th at 11AM and qualified parties are welcome to tour the property and assess completion requirements if they call me at 781-279-2121. Cooperative commission is being offered to buyer's brokers.
The small project on Broad is an owner sale not a foreclosure. This owner has immediate financial needs on another project and this small project MUST BE SOLD. One unit, bidder's choice, is being offered with NO MINIMUM and NO RESERVE. We are offering properly registered brokers a customary commission. This auction is being held at the Langham Hotel, on April 17th.
Broad Street is not going away. To be certain, a foreclosure indicates that there were financial complications on this particular deal. The proximity to the forthcoming Greenway, the water, and Flat Black, and a great new wine shop on Broad make the area very attractive despite the market's down-cycle.
If you have any questions about either of the scheduled sales on Broad, contact me or visit our website at www.tranzon.com.
More posts about: new developments and projectsnew developments and projects
- Where Small People Fear To Tread …
- Looking For Real Estate Agents / Bloggers
- Boston Residential Real Estate Condo Sales, October 6, 2007
- Us Gained Jobs In August & September … Did You Expect Otherwise?
- Mousy, Mousy, Mousy: City Of Boston Most At Risk For Rodent Infestation
- Oct 2007
- Sep 2007
- Aug 2007
- Jul 2007
- Jun 2007
- May 2007
- Apr 2007
- Mar 2007
- Feb 2007
- Jan 2007
- Dec 2006
- Nov 2006
- Oct 2006
- Sep 2006
![]()
- Wishing Wealth
- Don't Mess With Taxes
- Poor and Stupid
- Windy City Blues
- Financial Rounds
- Millionaire Now! by Larry Nusbaum
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Hedge funds have made billions this year shorting the banks, [read more]













<< My Home | TheMoneyBlogs Home