Luxury Condominiums Auctioned at the Tallest Building in VA
Virginia Beach, VA – In an unprecedented real estate auction for Virginia Beach, Armada Hoffler, one of the nation’s largest commercial development and construction companies, and Accelerated Marketing Partners (AMP), drew homebuyers off the sidelines and galvanized market demand for remaining luxury condominiums at The Residences at The Westin Virginia Beach Town Center. Sixteen homes were put up for sale at the Nov. 13 event and a total of 18 homes sold in 30 minutes. More than $7.5 million worth of luxury real estate was generated and sales at Virginia’s tallest building were virtually closed-out.
“The overwhelmingly positive response Armada Hoffler received from consumers during the auction speaks to the property’s high-quality nature from start to finish,” said Jon Gollinger, East Coast CEO and Co-Founder of Accelerated Marketing Partners. “The auction’s results support the fact that consumers in the Virginia Beach area market feel confident about the long-term value of what they’re buying into.”
Homes had selling prices ranging from $311,000 to $750,000. Starting minimum reserves had been set at $140,000 and were up to 56 percent below last asking prices.
From the top 21 floors of Virginia’s tallest building, The Residences at The Westin Virginia Beach Town Center boasts unrivaled views of Hampton Roads, from the Norfolkskyline to the Atlantic Ocean and Chesapeake Bay. The 40-story tower rises more than 500 feet over Virginia Beach Town Center and features 119 luxuriously finished condominiums.
Homeowners enjoy a private entrance and residential lobby with elevators and key access that is separate from the entrance to the hotel. They also have unlimited access to valet and concierge services; weekday delivery of USA Today newspapers; a fully-equipped fitness facility with towel services; an indoor pool and whirlpool; and a 37thfloor Owner’s Lounge.
Homes at The Residences at The Westin Virginia Beach were designed with upscale finishes and fine attention to detail. Gourmet kitchens feature granite countertops, Wellborn Select hardwood cabinets and top-of-the-line GE Profile Stainless steel appliances. Sumptuous master bathrooms have been luxuriously outfitted with marble or porcelain ceramic floor tiling, jetted tubs, oversized glass-enclosed showers and Kohler Forte faucets in brushed nickel.
Virginia Beach has been ranked as one of the “Best Places to Live in America,” and boasts 38 miles of ocean and bay beaches, lush golf courses, some of the best fishing on the East Coast, whale- and dolphin-watching, year-round festivals and more. Residents can easily walk to any of the popular retailers and upscale boutiques that line the area’s 17 city blocks.
There are four remaining penthouses at The Residences at The Westin Virginia Beach Town Center that are now being released. For more information, please contact the Broker of Record, Rose & Womble Realty Company, one of the largest independent REALTORS® in the nation, by e-mailing residences@roseandwomble.com or by calling 757-497-4958.
