• Click Here to Subscribe to Email updates

  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
  • RSS Colonial Williamsburg News

    • Name That Archaeological Site!
      Round One of “Name that Archaeological Site” was so much fun that we’ve decided to launch a second round for Throwback Thursday! Below are images of four archaeological excavations within Colonial Williamsburg’s Historic Area. See if you can identify the site.  We’ll begin with an easy one……   Does this ... Continue Reading »
    • Playing Jefferson
      Brendan McMahon plays Thomas Jefferson in a production of “1776,” which plays through July 5 at Toby’s Dinner Theatre in Columbia, Md. Bill Barker has been interpreting Thomas Jefferson for more than three decades. “I never took an acting course in my life,” he says, even ... Continue Reading »
    • Through the Ranks: Drummers Call
      By Ben Swenson Some of the recruits had never come before. Others had come every year for as long as they could remember. But for all of them, first-timers or not, the occasion of Colonial Williamsburg’s Drummers Call marked a threshold; this time next year, they’ll be the ones captivating crowds in the Revolutionary City. DRUMMERS CALL You ... Continue Read […]
    • The World Made Small: Exploring Life in Miniature
      By Karen Gonzalez Miniature houses furnished with tiny decorations have fascinated us for thousands of years. The earliest examples of these scaled-down rooms were found in Egyptian tombs, complete with tiny replicas of servants, furnishings, livestock and even pets. The earliest known dollhouses were fine handcrafted works of art, as opposed to children’s t […]
    • James Monroe: A Revolutionary in Williamsburg … and a College Dropout
      By Bill Sullivan Take a walk in the Revolutionary City and you just might meet a future president. Specifically, the fifth president, James Monroe. James Monroe Jayson Belew) inspects his likeness at William and Mary. View his quest for a diploma. Monroe may be best known for ... Continue Reading »
  • Flickr Photos

    front2-oval

    front2

    front

    More Photos

Armada Hoffler to auction off 16 remaining condos at Virginia Beach development

UPDATE Nov 2011

More condos sold at the Westin Virginia Beach Town Center Residences auction in about 30 minutes Sunday than during the past two years.

Armada Hoffler, the 38-story tower’s developer, hired an auctioneer to sell 18 of the 24 unsold condos at the Westin residences in a bid to stir up interest and find buyers.

Winning bids ranged from $181,000 for a one-bedroom unit to $750,000 for a penthouse suite..

Altogether, sales from the auction amounted to more than $7.5 million, he said.

The auction also spurred interest from potential buyers for some of the building’s remaining units. As a result, the developer is close to reaching a deal for at least one more of the penthouse units.

"The competition was genuinely great for every unit we put up there," he said.

searchCondos in the tower, the tallest building in Virginia, sold strongly after it opened in 2007. By March 2009, the developer had sold 88 of the building’s 120 units. Since then, sales had stagnated, with just eight more units selling in the two years before the auction.

An estimated  150 people attended the auction Sunday, with between 60 and 70 people bidding.

Westin @ Town Center Va BeachArmada Hoffler, a commercial real estate development and construction company, will auction off the remaining condominiums at The Residences at The Westin Virginia Beach Town Center, located in Virginia’s tallest building.

Accelerated Marketing will auction off 16 condos with access to four-star hotel services available through the Westin at the Town Center development. Minimum bids will range from $140,000 to $795,000.

The auction is scheduled for Nov. 13 at 2 p.m. at The Westin Virginia Beach Town Center hotel in Virginia Beach.

"We’re under absolutely no pressure to sell units," said Lou Haddad, Armada Hoffler’s president and CEO.

Condos in the tower, the tallest building in Virginia, sold strongly after it opened in 2007. By March 2009, the developer had sold 88 of the building’s 120 units. Since then, sales have stagnated, with just eight more units selling in the past two years.

The most recent asking prices for the 16 units range from $258,400 for a 750-square-foot, one-bedroom condo to $1.7 million for a 2,739-square-foot penthouse.

search homes in this neighborhood in hampton roads or williamsburgThe condos scheduled for auction include five one-bedroom homes with minimum bids of $140,000 to $220,000;  eight two-bedroom homes with minimum bids ranging from $250,000 to $385,000; and three penthouses from minimum bids ranging from $640,000 to $795,000, the prices are up to 56 percent below the last asking prices.

Under this auction arrangement, there are no hidden reserves or buyer’s premiums. Armada Hoffler said advanced registration is required and financing is available for qualified buyers. The auction information center and model homes will be open to preview daily through Nov. 12.

Continue reading

Follow

Get every new post delivered to your Inbox.

Join 1,512 other followers