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Towers of Channelside Condos for Sale and Bankruptcy update-Tampa, FL

Towers of Channelside Bankruptcy update-Tampa, Fl

Towers of Channelside Towers of Channelside 

The Towers of Channelside has been in receivership for the past couple months.  Receivership is a form of bankruptcy in which a company can avoid liquidation by reorganizing with the help of a court-appointed trustee.

During that time they have taken most of the condos off the market in order to re-structure pricing.  They are negotiating with the 5 banks that were investors in this luxury high rise; trying to determine what price they will sell the remainder of the units for.

There are several units for sale listed as resales, short sales and by the developer, but they represent only a very small fraction of the total inventory.

If you would like to be notified when new pricing becomes available (which I hear is going to be very aggressive) please send me an email: [email protected]  with the subject Towers of Channelside.  You may also reach me on my cell phone @ 813 784 7744 for current availability opportunities.

Written by Rae Catanese, Realtor

Licensed Realtor since 2002, Tampa Bay’s own Rae Catanese regularly gives expert advice and insider tips about the Tampa Bay real estate market via her blog, The Tampa Real Estate Insider. If you are thinking of buying or selling a home in the Tampa, St. Petersburg or Clearwater areas-then this blog is for you. I typically post articles once a week. To make sure you don’t miss my newest posts, you can subscribe here! Have a real estate question? Email me here!

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