Karen Arbutine & Associates

Downtown Condominium The Vue Sold at Auction

Mon, May 17, 2010 at 12:34PM

The 36-story, 375-unit tower, The Vue at Lake Eola condominium, was sold at auction for $25.9 million .  The winning bid came from Condo Deleveloper LLC, a Delaware-based corporation formed on March 8.   The final bid was $5.4 million more than the mininimum at a a bankruptcy auction on March 15.  

Former owner Vue Orlando LLC in November 2009 had its involuntary Chapter 7 bankruptcy liquidation converted to a Chapter 11 reorganization and sought qualified bidders to buy the 165 unsold units and 7,972 square feet of retail spaces in the building.

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