When they broke ground, I said I wanted to live there. With pet changes and needs, the condo life unfortunately doesn't fit my lifestyle one day; but I still ADORE 5th&Main. Tons of questions, speculation and stories have been told on this now almost empty condo development and I thought you might want to know what is going on.
Sales at 5th&Main were steady, successful in brisk throughout the prior years. The sales team worked their tails off getting contracts in place. The completion date kept getting moved later and later for the buyers causing loop-holes in contracts and multple default situations for the project. Otter's Chicken Tenders and Alium opened to an empty reception, due to no residents, and still struggle today.
5th & Main entered bank receivership in Spring 2009 and left the marketplace. Currently, 5th & Main has seen five closures is available for rent and sale at amazing deals. While not listed yet, the bank is looking at offers making it an interesting time for someone who wants the downtown view and vibe at the 'burb price.
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!
This type of thing happened all over the country at about the same thing. And still these blighted properties sit...
Sep 27, 2011 04:26 PM
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