More than a year after the auction of The Standard at 509 Market St. in downtown Shreveport, the deal is not done. However, it is closer.
Luke Nicholls, multifamily broker for Vintage Realty Company who worked on the auction, told The Shreveport Bossier City Advocate the first purchaser who went under contract fell out. They are now under contract with the “backup” group.
Vintage began managing the property in October 2023, always with the intention of selling on behalf of the bank, according to Nicholls…