Changes at Metropole
The Metropole
UrbanTurf has learned that American Realty Advisors (ARA) of California, a group that owns a majority interest in Metropole, Logan Circle’s largest condo development, has taken control of the project from the developer.
Other sources tell UrbanTurf that Metropolis Development, which was responsible for Metropole, Lofts 14, Lofts 14 Two, Cooper Lewis and Langston Lofts, has now dissolved.
The project had until recently been selling at some of the highest per square foot prices in the city, with tax records showing sales from $700 per square foot to $900 per square foot. As UrbanTurf pointed out last month, it was only recently that Metropolis began negotiating with potential buyers.
We have received further information about the situation at Metropole. Please see our April 30th post here.
See other articles related to: dclofts
This article originally published at https://dc.urbanturf.com/articles/blog/changes_at_metropole/855.
Most Popular... This Week • Last 30 Days • Ever
DC's homebuyer assistance programs can be a bit complex. This edition of First-Timer ... read »
When it comes to financing a home purchase, a 30-year mortgage is one of the most com... read »
Pocket listings are growing in popularity in the low-inventory market in the DC regio... read »
Margarite is a luxury 260-apartment property known for offering rich, high-end reside... read »
The owner of 700 Monroe Street NE filed a map amendment application with DC's Zoning ... read »
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