Shortly after Crain’s reported that The Clare at Water Tower had defaulted on $229 million in debt, we noted that twenty-two of its apartments were listed for rent in the Multiple Listing Service.
Fourteen units at The Clare have just entered the MLS as “for sale” listings. The 1-bedroom, 1- and 1 ½ bath units are priced from $525,000 to $937,985 and range in size from 774 to 1,183 square feet. Monthly assessments are approximately $3K to $4K.
Can The Clare find a niche as a condo?
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