By Jason M. Reynolds
Seventy-five downtown Chattanooga condominiums were auctioned tonight for a total of more than $19 million.
“It shows there’s been a pent-up demand for this price range,” said Darlene Brown of RealtyCenter/GMAC. “It could be used again, though it won’t take the place of a real estate agent” selling a home through a listing, said Mrs. Brown, the project’s promoter.
More than 340 people registered to bid for the condos at Parkview at Museum Bluffs. The auction was held at the Hunter Museum of American Art.
The second phase of the Museum Bluffs project, between Walnut, Second and Cherry streets, is across Riverfront Parkway from Hunter Museum. The 107-unit condo building will be constructed next to Museum Bluffs Riverside.
Construction should start by mid-August and be finished 14 to 18 months later, according to developer Windsor/Autry Co.
E-mail Jason Reynolds at email@example.com
For complete details, see tomorrow’s Chattanooga Times Free Press.