It looks like a trend was started in 2006 when the Folio building, a luxury condo development in the Financial District of Boston held an auction to sell off 34 remaining units. During 2007, the auction landscape in downtown Boston was quiet. June 2008 saw the Broadluxe, another Financial District development, bring its entire inventory to the auction block. And most recently, the 1850 Lofts, a development in the deepest part of the South End, auctioned its remaining units for sale in June of 2009. The pace has quickened in 2009, because another downtown Boston condo auction has been announced for October 2009, where 10 units in the luxury Bryant Back Bay condo development will be auctioned with minimum bid prices starting at $1,075,000.
The Bryant is a 50-unit luxury development that has sold 5 of its 50 units, and is looking to kick-start sales of its remaining inventory. The building sits on the border between the Back Bay and the South End along Columbus Avenue, and offers large floor-through direct-elevator access condos that are southeast facing.
Pre-registration before the auction date is a must, previews are available September 22 – October 16 (Monday to Sunday noon – 6 PM) onsite at 303 Columbus Avenue Boston, MA 02116. The actual auction will be held on Saturday, October 17, 2009 at the The Colonnade Hotel located in the Back Bay at 120 Huntington Avenue Boston, MA 02116.