place auctions

After a tenant lawsuit and a recent foreclosure posting, it looks as if 27 of the 44 long-vacant remaining units in the Sabine are finally headed to auction on February 28th.

The Sabine is an 80-unit condo conversion project of a mostly-empty office building on Waller Creek into a new condo project adjoining the Hilton Garden Inn on 5th Street near I-35.

The project was completed in 2007 and the majority of units still remain vacant although they have been removed from the market due to pending litigation.

First Brazos Place. Then Bel Air. Now the Sage.

This week the Sage Condos in South Austin -- 1702 South Lamar -- announced that they will be selling the remaining 23 units through an auction on August 22.

This is the third major auction in the Austin market. In May, the Brazos Place auctions saw strong demand.

The second auction, for the Bel Air condos in far south Austin, is scheduled for this coming weekend.