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400 Beach Market Update

400 Beach releases last 18 condos

400 Beach releases last 18 condos

400 Beach, luxury condo in downtown St Petersburg, has been the subject of speculation since Wachovia foreclosed on the 18 unsold units. We’ve had lots of questions: will they be marketed individually or as a package? What will be prices be?  Today some of those questions have answers. Wachovia has hired Smith & Associates to represent them in the sale of these units and they will be listed in the Multiple Listing Service on Monday, February 22nd. Prices will be released at that time. You can check back at this blog, or you can ask me to email you the units and prices on Monday.

This week prospective buyers who gave Letters of Intent on units in the building will have an opportunity to make a revised Letter of intent only on the unit or units they chose previously. Any not sold by Monday will be released to the public.

That’s the second big announcement; the first was that Dale Chihuly will open a 10,000 sq ft gallery on the ground floor by July 4th of this year.

Contact The Simms Team for more information.

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