Village of Fountainview-Newark, DE
The stalled development has been on the market for over six years, first by the developer then by the Trustee appointed by the Bank. Max Spann was hired because of multiple successful auctions for the lender and was able to construct a marketing campaign reaching prospects from across the country. Over 82 Prospects inquired and Multiple bids were received on the property. The last 37 units unfinished Active Adult Residences were sold as a package to a new developer. The Local Developer was the high bidder, prevailing over several bidders from NY and NJ.