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Mid-Rise Development Offers 34 Townhome and Condominium Residences at Close-Out Auction on May 4 


Oakland, CA – Accelerated Marketing Partners will auction townhome and condominium residences on Sun., May 4 for Jade, a new mid-rise residential development in downtown Oakland with more sales in 2008 than any other development in the city. The 34 one- and two-bedroom homes throughout the 78-unit development had previous selling prices of up to $713,880 and will be available at auction for a minimum selling price starting at $259,000.

“This auction represents one of those once-in-a-lifetime opportunities where buyers will get to set the prices for amazing residences,” said Ken Stevens, co-founder and west coast CEO of Accelerated Marketing Partners. “There is no doubt that buyers will be able to purchase homes at a tremendous value by engaging in this transparent auction process.”

The auction event will take place at 1 p.m. at the Marriott Oakland City Center, located at 1001 Broadway, Oakland, CA 94607. The auction information center is open daily from 10 a.m. to 6 p.m. at 1511 Jefferson St., Oakland CA 94612. Advance registration for the auction is required, and interested parties may obtain additional information and a brochure online at www.jadeauction.com.

Jade features masterfully designed one- and two-bedroom homes, and residents may enjoy amenities such as a state-of-the-art secured parking garage and socializing in the courtyard and on the roof deck, which boasts unparalleled city views. The Jade auction will offer 10 one-bedroom residences, ranging in size from 752 sq. ft. to 868 sq. ft., with minimum selling prices from $259,000 to $299,000, as well as 24 two-bedroom residences, which range in size from 1,100 sq. ft. to 1,544 sq. ft., with minimum selling prices from $299,000 to $369,000.

Homes feature plush carpeting, recessed lighting, two-tone paint schemes and hardwood floors in select models, as well as in-residence laundry and spacious bedrooms with walk-in closets. Well-appointed kitchens boast Whirlpool Gold® stainless steel appliances, ceramic tile flooring and pendant lighting over islands. Sumptuous master baths feature modern chrome fixtures and hardware, vanity lighting and designer-selected tile flooring.

Jade is conveniently located in downtown Oakland with easy access to the Bay Area Rapid Transit (BART), I-80, I-580 and I-880, and is steps from the city’s Federal Building, Civic Center Plaza, Jack London Square, shopping, and restaurants. For more information on the Jade auction at 1 p.m. on Sun., May 4, please call 888-548-8883 or visit www.jadeauction.com.