- Unfinished New Construction – IN FORECLOSURE – Located across the street from the beach, this building is currently in foreclosure (12/8/08) has about $6MM or more in work yet to be completed. When completed, the project will have 117 units and 200,000 sq ft. Though the project was almost sold out in pre-construction ($500 to $1,000 per sq ft pricing), few if any units are expected to close by the original buyers. Units range in size from 1,095 sq ft to 3,495 sq ft and include one, two and three BR units. Loan amount is in excess of $46MM.