The Boston Courant has a front-page article (sorry no link) that provides a deeper insight into the W bankruptcy court ruling. Apparently, the U.S. Bankruptcy Court Judge left the door open to Prudential Insurance to revive its foreclosure case down the road.
In order to meet Judge Feeney’s goals, the Boston W marketing team will have to come close to tripling the number of luxury condos it sells each month.
At last count, 94 of the Boston W Residences 123 condos are unsold. The new reorganization plan for the W calls for boosting sales to two a month for the next six months, followed by a little over three a month for the balance. Presently, the Boston W luxury condo Residences have been averaging one a month or 29 condos over roughly 27 months. This isn’t going to be easy, but if anybody can do it its Kevin Ahearn.
What are your thoughts, do you think the Boston W marketing team will pull it off?