Waterplace Relaunches as Luxury Residential Condominium; Sales Commence with October 17 Real Estate Auction Where Buyers Will Determine Price Points

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Providence, R.I. – September 21, 2011 – (RealEstateRama) –Intercontinental Real Estate Corporation today announced its pivotal decision to relaunch sales at Waterplace, one of Providence, R.I.’s only luxury, high-rise condominiums, by teaming up with Accelerated Marketing Partners to conduct an auction on October 17th for 29 riverfront homes at the development. Minimum bids for the residences available at auction start as low as $175,000 and are up to 69 percent below original asking prices.

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