Update: Changes at Metropole
In a follow-up to our post from yesterday, UrbanTurf has learned that Metropole and its lenders have come to an agreement on a plan to finalize the remaining construction at the project and continue sales. Gray and Associates, LLC has been appointed as the receiver to supervise the project.
A source with knowledge of the most recent developments told UrbanTurf that Gray is in the process of supplementing the development management team to ensure that the original vision of the Metropole project remains intact. At this time, it is unclear who will handle marketing and sales at the development, but we will update you as that information is released.
Metropole contains 90 residential condo units, approximately 33,000 square feet of commercial space and 168 parking spaces. The remaining construction at the development is almost complete, and 40 percent of the units have already been sold and settled.
See other articles related to: dclofts
This article originally published at https://dc.urbanturf.com/articles/blog/update_changes_at_metropole/862.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
If there was ever a place where the old adage “one man’s trash is another man’s... read »
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- The Price For A House in The DC Area Hit A New High in April
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro