Thunder

Condo conversions are a no-brainer for developers these days, but it certainly makes me wonder about demand if they're resorting to an auction to spur sales. 20 units since November is a mediocre pace, especially considering existing rental tenants' potential interest. I'd be curious to hear how it goes tomorrow.

Very interesting. I called to find out the story and they're auctioning 20 units in order to get to their pre-sale requirement of 40 units. Has anyone ever heard of this type of sales method before?