The Saint Paul Condo Blog

The market may have claimed another casulty.  Bonne Jean Flats has cancelled their contract and word is they are going to finish building out the remaining units and convert it into apartments.

The building had been self marketed for about 9 months and we were hired about 3 months ago to try and save the development.  The writing was on the wall when we got there, but we tried our best.  This project two years ago would have sold out over night, but hind sight is 20/20 as they say.

Will Bonnie Jean ever go back to condos?  Maybe.  I would guess within 3-5 years the owners will try again to sell the building as condos.  It will make it much easier to sell with people living in the building, because no one wants to be the first or only one living in a building.