06 Aug 09 1800 Club Developers sells out of all 3-beds
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In just a matter of a few months, the developer of The 1800 Club has made quick progress at selling their remaining inventory. With roughly 35% of their pre-sold condos having defaulted, the Miami based developer BCOM was faced with the daunting task of moving condos at the worst possible time. Together with Majestic Properties, BCOM came up with a simple strategy - price the inventory to sell by the end of 2009. On track to do just that, the last 2,200 sq ft 3-bed “01-line” was put in contract just this week. Now only a few months into their new sales venture, about one third of their remaining inventory has been sold. So much for the market in Downtown Miami being at a stand still. If you want to sell, its just a matter of pricing it right!
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Tags: 1800 Club, BCOM, Downtown Miami, Majestic Properties
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