If you've found this blog post you are most likely already interested in the Element Lofts developed by the now bankrupt John Laing homes.
I spent all day saturday 11/28/09 with clients looking at all the different floorplans and learning about how the auction (run by IntelliMarket) is going to be run.
- Intellimarket runs auctions unlike any other Real Estate Auction company. They run a simultaneous auction which means all properties are auctioned at the same time. The entire auction is put on a 4 minute timer, every time a new bid is received the auction clock re starts, the auction isn't over until the 4 minute clock expires with no one bidding. Auction Manager Collen Lakshin said Intellimarket anticipates the auction to last ~ 1.5-2 hours