The Vue at Lake Eola condo tower is scheduled to be sold via commercial auction on March 15 2010.

According to the Orlando Business Journal, the 375-unit Vue condo downtown Orlando condominium at 150 E. Robinson St., had its involuntary Chapter 7 bankruptcy liquidation converted to a Chapter 11 reorganization and is seeking qualified bidders to acquire the 165 unsold units and 7,972 square feet of retail space in the building.

The Vue on Lake Eola Condominium Orlando

This is not an auction to the general public by way of individual units. This is a bulk buy auction.

So far, one offer has already come in for the project at the minimum $20 million price tag.

Interested parties can contact Condo Metropolis on 407-901-5161 for more information.

The 36-story tower, built in 2007, was developed by Churchill Development Group LLC and Westminster Partners LLC and is one of several downtown orlando condos currently feeling the pinch of the recession.