Last P&S Signed at Broadluxe

As of Wednesday, the last Purchase and Sale Agreement (P&S) was signed at Broadluxe, (tentatively) bringing to a close original sales for all units in the 44-unit loft-style development.  66% of the property was sold at auction on June 21, 2008, and the remaining condos in the building were listed for sale following the auction, typically at higher price points than what was paid at the auction block.

There are currently 4 resale units in the building for sale, ranging in price from $429,000 to $999,000 – the $429K unit, a corner one-bedroom loft is the most reasonably priced from a price per square foot perspective.

We’ll take a more comprehensive look at this development, and the results of the auction and post-auction sales, in the near future.