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Brix Condo Auction

August 28th, 2009 · Comments · By Matt

Wow! Looks like Schnitzer West is “proactively taking measures to establish market pricing and enhance absorption of the properties” by auctioning off 40 units at Brix on September 27. Minimum bids are about 50% off of the last list price.

A reader just sent me a link to this:

CL Brix Brix Condo Auction

Register at http://www.auctionbrix.com/ for more info or click through:

Popularity: 17% [?]

Tags: Brix

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  • Mark
    I am an owner of one of the Brix condominiums on Capitol Hill and I think it is important to let people know that while these are definitely very aesthetically pleasing units in an amazing location; the service, support and construction is heavily lacking. It has been an uphill battle with Schnitzer from the beginning. Not only have I had to fight and scream to get them to complete tasks by which they were contractually obligated, but the overall "cost cuts" that were implemented in order to complete this building is astonishing. It's sad that my wife and I have spent so much money, (WELL beyond what anyone at this auction will pay) and our living experience has been so tattered with issues. We are supposed to LOVE this place and now that there is no chance of getting what we've paid for it in a resale, we are stuck with a home that isn't great to live in. In my opinion, Schnitzer needs to revisit the definition of home?
  • ADS
    Has anyone visited this project? It'd be nice to get a unit at the prices listed but as always it gets to unreasonable price per sq ft levels.
  • christiangustafson
    A real auction has no minimum bid.
  • kent
    Some auctions have "no min" bids. However most "real auctions" do have min bids, for obvious reasons.
  • rossjordan
    Many auctions don't have a minimum bid, but instead have a reserve amount. Pretty well any auction for high priced items has a reserve to prevent a small auction turnout from becoming a giveaway.
  • Kant
    And they are also auctioning off Gallery. http://www.auctionthegallery.com
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