Unsold condos at the luxury 23-story Waterfront Park Place on Witherspoon and Floyd Streets are headed to the auction block. In a release Wednesday, details of the sealed-bid auction slated for Tuesday, November 17 were set out. Fifteen unsold units in the 89-condo development will be sold, three of which will go to the highest bidder with no reserve.
Bids are due by Sunday, November 15 on units ranging between 1,250 to over 4,300 square feet. In some cases, multiple units could be combined into a single space. (Floor plans of some of the remaining units can be seen on the WPP web site.) Several open houses are planned prior to the auction beginning November 1 or a private showing can be arranged by contacting Waterfront Park Place.
Here’s some history on the development from its web site:
In the wake of Waterfront Park’s dedication and record downtown development, then Mayor Dave Armstrong announced that the time was right to initiate the third phase of the waterfront vision – creating an environment where residents could live as well as work and play. The process began with the submission of concepts for a multi-family residential development along Louisville ‘s riverfront. Five developers were invited to submit their vision for this ambitious project. Of the five, Waterfront Park Place was the clear standout thanks to the team’s foresight to create a residential tower that not only enhanced the surrounding waterfront and skyline but also create the ultimate urban experience for residents with all the pleasures of downtown living at their disposal.
Construction on the tower began in 2000, topped out in August 2003, and opened its first phase in 2004.