Lumen condos going to auction

Thanks to urbnlivn for the heads up on this. It appears that the 20 or so remaining new condos at the Lumen are going to be auctioned off by the developer on July 11, 2009. The building has ~90 residential homes in it, so they are looking for a way to sell their remaining inventory more quickly.

This may be a good opportunity for a deal on a brand-new condo in the South Lake Union/Lower Queen Anne area. However, if you are going to participate in the auction, you need to do your homework on pricing ahead of time and not let yourself get wrapped up in the excitement of the auction.

UPDATE – May 29, 2009: See the auction press release here. Thanks again to urbnlivn.