INTERWEBS—The luxury division of Coldwell Banker has updated their website of over-the-top listings with more videos and panoramic pictures than ever before. [CurbedInbox]
COLUMBIA HEIGHTS—Want more proof that properties around $400-500K are hard to come by? The building at 1020 Monroe is another example since all twenty-eight condos sold out in about six months. Prices got up to as high as $560/sq. ft. Press release is after the jump. [CurbedInbox]
INTERWEBS—Today on the Post website there was an online chat with a housing expert from GMU about the state of DC's housing market. Click over for highlights from the Q and A. [WaPo]
URBAN PACE SELLS OUT 1020 MONROE CONDOMINIUMS
Washington, DC, Thursday, May 4, 2012 – Lynn Hackney, President of Urban Pace, a new home sales and marketing company for urban developers, is pleased to announce that Urban Pace has sold out 1020 Monroe, located in the hip 11th street corridor of Columbia Heights. The condominium building sold an average of 8 homes a month while reaching a sq. ft. price of $560; making it one of the fastest pace and the highest price per foot in the entire submarket and beyond.
Jeremy Aldridge, Vice President for Urban Pace remarks: "Everything about 1020 Monroe made it an attractive condominium community resulting in one of the most successful sales efforts in many years. The location was ideal and the building featured an exceptionally high quality of design and unique finish level. We congratulate the developer, Madison Investments, on creating the ultimate urban condominium lifestyle and the homebuyers who invested in this community.”
1020 Monroe featured an historic façade with interior custom European design and a choice of nine different floor plans with two different styles. Next to the opulent residential lobby on the retail level, is the latest restaurant concept by the owners of Tryst. For more information about 1020 visit www.1020monroe.com.