Interest in condominiums in the J.B. White’s building is strong, according to property manager Adelle Dennis, with 10 condos sold and one more under contract since the stalled building project’s completion.
The condos were completed in April, and 10 of the remaining 41 unsold units are currently listed for sale.
They range in price from $151,500 to $247,000 and in size from studio to three bedrooms.
In 2009, the former J.B. White’s department store went through foreclosure procedures after the Federal Deposit Insurance Corp. seized control from the failed Haven Trust Bank. Construction on the condominiums was halted after a handful were done. Rialto Capital Management purchased it through a structured federal sale.
Rex Property and Land LLC is handling property management and sales.