It was almost one year to the day when the Bryant Back Bay hosted its first condo auction to reestablish market pricing for the luxury South End / Back Bay units and jump start further sales, and the public now gets a second crack at it. In October 2009, 10 luxury condos at the Bryant were auctioned at approximately $674 per square foot, and now, the remaining 11 units in the building are being brought to auction on Sunday, November 7, 2010 with an average minimum bid at $592 per square foot.
Since the 2009 condo auction at the Bryant, the building has undergone a significant lobby renovation, beautifying both the interior and exterior. As well, it’s arguable that there is now significantly less risk buying into, what is essentially, a sold out building – buyers in this final auction will not be faced with significant concessions in equity and price point with which, for example, early owners at Nouvelle at Natick were faced (see Nouvelle at Natick Condo Auction Results).
Accelerated Marketing Partners, LLC is welcoming potential buyers at an open house preview of available units in the building (303 Columbus Avenue Boston, MA 02116) through November 6, 2010 with hours that include, Wednesday–Friday, 12pm–5:30pm, and Saturday–Sunday, 12pm–4pm.
The auction event itself will take place on Sunday, November 7, 2010 at the Colonnade Hotel located at 120 Huntington Avenue Boston, MA 02116.