The Meridian

Built: 2010 - 91 Units

The Property:
The Meridian is a mixed-use building located in downtown Salem, which was substantially completed in 2009. The cost to build the project was in excess of $40 million. This best-in-class Salem project included 11 commercial condos and 89 residential units. Five combined commercial condos and four residential units had been sold, leaving six commercial condos and 85 residential units remaining. 

The Challenge and Results:
HFO used its national reach and local ties to attract a tremendous amount of interest in the property. We facilitated multiple tours and inspections throughout the listing period.  We were able to locate a local investor who could adhere to theseller's tight timeframes and could close without financing..