Just shy of a month ago the Norman Foster-designed megaproject called City Center DC began condo sales and already the cream of the crop penthouse has gone under contract for $3.4M (after starting with an ask of $3.5M). The penthouse-centric blog Life At The Top has the scoop on that as well as how the developer was able to add a separate one bedroom unit to the penthouse floorplan that is offered at $400,000 (it is unclear if that has sold in addition to the penthouse). Either way, this prime property is having no trouble setting a benchmark of $1,500 per square foot. Furthermore, 40% of the units at one of the residential buildings have already gone under contract proving that this will be one of the most popular places to live in the city. There are a total of 216 condos for sale and later this year leasing for the 458 apartments will begin.
· Insider Alert: City Center Sells 2,600 SF Penthouse for $3.8 Million [LifeAtTheTop]
· Residences At City Center [Official Site]
· All City Center coverage [CDC]