City of North Augusta does developers a huge favor

They might want to turn around and do some serious butt kissing.

The developers of The Landing at River Club, the condo project next to the 13^th Street bridge in North Augusta, have recently put the 24 remaining unsold properties for sale in a “Developer Closeout Auction.”

Translation: We took a bath on this project. Let’s bail. Stat.

Waterfront property has historically been a solid investment, but it seems this project is sinking fast, and developers are offering condos with starting bids ranging from 25 - 45 percent off.

The properties at auction represent half the original total of 48 condos planned for the project.

Translation: Whoa, it’s worse than we thought. Bail faster!

Maybe Kingery Landing had something better in mind, but the way the River Club project worked out, they were probably better off getting turned down.

Who knows, maybe they knew it the whole time and were faking the appeal process. Kinda like asking your friend to hold you back from the fight when you’re staring down a ripped and extremely dangerous looking Navy SEAL who just questioned your manhood.

You just accept it and move on. Limbs intact. Manhood in doubt.

Note: The auction is real, the editorializing is just that.

Get in on the action:

http://www.terryhowe.com/auctions/2008_landing/default.html