Business

Bellevue Towers condos sell out

 

Realty Trust City announced Monday it has sold out all 539 newly constructed condo units for Bellevue Towers, besting its own expectations by nearly a year, with the final unit closing at $4.5 million on Dec. 20.

The marketing and sales agent for Bellevue Towers reports the luxury condominium building suffered during the recession in 2008, but began rebounding after an ownership transition in January 2011, selling 144 homes that year and an additional 182 in 2012. Selling out additional units was not anticipated to be accomplished until this summer.

“The sell-out of the new construction inventory at Bellevue Towers is marked with many milestones,” said Patrick Clark, principal with Realty Trust. “The project is larger than any other nationally ranked project, and after the real estate market correction in 2009, Bellevue Towers was not slated to be fully sold until summer 2014. Needless to say, the market has come back substantially.”

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