Courtesy of Matt and an Urbnlivn.com reader, 5th & Madison has plans to auction off their 18 remaining units on March 28th, 2010.
Read more below:
Dear 5th and Madison Owners:
On Friday afternoon, Rick Drottz of 5th and Madison, LLC informed the Board of Directors of the upcoming sale of the remaining Developer owned condos. Mr. Drottz also requested we communicate his message to the ownership. See below:
During the last three years, we have conducted a very successful sales program at Fifth and Madison which has resulted in the closing of 103 out of 126 units.
In order to sell the remaining units, we have decided to retain the services of Kennedy Wilson, Inc. and utilize their dynamic auction marketing process. On Sunday, March 28, 2010, 18 units of the remaining inventory will be offered for sale. The company will begin marketing the units the weekend of February 27th.
Information about this sale will be available in the on site Auction Information Office in unit 2301 beginning the week of March 1, 2010.
Sincerely,
Richard Drottz
Vice President
Fifth and Madison, LLC
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About jeff
Did all available units sell at auction? Are there still units available from the developer?
Hey Milt!
To answer your question, not all the units sold at Auction. So far, out of 18 units available for sale only 14 have closed. If you want to talk offline about whats still available, I would be happy to go over those details with you. Thanks for contributing.