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Star Lofts on the Bay May Be next for Auction?

The site Miami Condo investments has some great info on the Condo market in Miami. The Star lofts on the bay may be next to go up for auction. Read story. The man that owns the site knows the Miami Condo market, He is Lucas Lechuga, P.A. and we have linked to his site.

Star Lofts on the Bay looks to me to be a prime candidate to have a developer closeout sale in the near future. Closings for units at Star Lofts on the Bay began towards the beginning of July. As of today, there have been a total of 18 recordedstarloftsonthebay12.jpg closings with the last one being recorded on August 14, 2007. Not one other unit has been recorded in over a month. I think it is safe to say that closings have slowed to a halt.

Star Lofts on the Bay is a boutique building with only 48 units in the entire building. The 18 recorded closings, however, indicates that 62.5 percent of the building has not closed. That is incredibly shocking!

Source: Miami Condo Investments


One Response

  1. this is really a good way .
    this has been a good closing . give me the recent updates .

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