High-Rise Condos Auctioned Off In One Day

Going, going, gone

By Annie Potasznik
|  Monday, Jul 19, 2010  |  Updated 4:30 PM CDT
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To Auction: Condos at The Metropolitan

Annie Potasznik

Thirty-five luxury condos inside The Metropolitan on Main Street were sold last weekend.

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Downtown Living: Cheaper for the Highest Bidder

The Metropolitan in downtown Dallas will auction off more than 30 refurbished condos later this month.
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Downtown Dallas gained almost three dozen new residents this weekend.


Real Estate Disposition LLC  said in one day all 35 select high-rise condominium residences at The Metropolitan in Dallas were sold.

 
Owners of the 4-year-old condo project hired the auction firm to move unoccupied units in the 25-story tower.


Several hundred people showed up to bid at Saturday’s auction where the average sales price of each condo was $177,419.


Built in the ‘70s as an office tower and converted at a cost of $50 million into residential units, The Metropolitan has a mid-century modern aesthetic.


Residents of the newly-renovated building are privy to views overlooking the historic Davis Building, the Magnolia Hotel, the Mercantile Building, Reunion Tower, the SPG Building, the Wilson Building and the Santa Fe Building.

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