The Lacey Lowers Prices on Certain Units
There have been a few more price reductions at The Lacey, the new 26-unit development at Florida Avenue and 11th NW (map) in the U Street Corridor. The prices on three units — 102, 105, and 106 — have come down $20,000 each since last month. It also looks like two units — 205 and 303 — have gone under contract in that time. Those units were two of the most affordable in the building, which just reinforces the trend seen everywhere: tight credit and a rough economy mean that the lower end is selling at a much higher velocity than the higher end.
In total, 9 of The Lacey’s 26 units remain. Here’s the latest pricing:
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Most units are spacious (except for the lower priced 1 bdrms) but quite expensive. Given that there are no community amenties except the outdoor terrace, I don’t think they are worth the price.
Love the facade.