The Boston Globe is reporting the following:

… The developer of The Residences at Stone Gables, a Malden condominium project in a 1906 schoolhouse, will auction 28 unsold units.

The minimum bids that Coliseum Investment Group LLC will accept range from $175,000 for a one-bedroom to $255,000 for a two-bedroom town house with a private deck …

The auction will be at 11 a.m. on Feb. 10 in Lynnfield, at the Colonial Center, part of the Sheraton Colonial Hotel & Golf Club.

This appears to be a voluntary auction, not a foreclosure or anything of the sort.

The sales company, The Collaborative Cos., was the agent at Folio Boston, which also went the auction route, in 2006.

Slow-moving condo units to be auctioned Feb. 10 – By Kimberly Blanton, The Boston Globe (second item)

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Updated: 1st Quarter 2018

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