Harborview Auction Postponed…Again

A quick update on the Charlestown Harborview at the Navy Yard condominium development. As we reported in 2007, the condo development went from for sale condos to being announced as a rental development, then came the spin that the entire development (building, land, etc.) would be sold via auction, then the lawsuits began, and now we’ve seen two delays in the actual auction.

The auction that was scheduled for November 8, 2007 was postponed until February 1, 2008, and was rescheduled for March 1, 2008, however, according to Pesco (who is handling the sale), the sale did not go forward on this date.

We receive a stream of requests every day regarding Harborview, anywhere from how much rent will be, to when can I buy a condo.  At this point, everything is at a stand still.  It’s obviously a mystery as to why the current owner is “sitting on” an essentially completed property that could be recouping investment.  Stay tuned for more information.