Changes at Metropole
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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.
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This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/changes_at_metropole/855.
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