Turnberry Tower: Back to Normal

• March 29th 2010

by Will Smith

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Turnberry Tower, the 246-unit luxury high-rise condominium in Rosslyn, has resumed settlements after mechanical and construction liens placed last October were recently paid off, according to a source familiar with the situation. With a few exceptions, the liens prevented the project from going to settlement on already-sold units.

The progress is sure to placate existing buyers, some of whom purchased way back in 2005 during the pre-construction phase of the building. It will also probably goose sales, as would-be buyers were likely put off by the building’s financial troubles, not to mention the prospect of purchasing in a building without actually being able to close on their unit and move in.

Between 120 and 130 of the units at Turnberry have been sold, with just over 40 actually settled. Now that settlements have resumed, the project is scheduled to settle three to four per week going forward, according to our source. There are about 30 residents currently living in the building.

Turnberry Tower is located at 1881 North Nash Street on the corner of North Nash Street and North Key Boulevard (map). It is one of two new luxury projects in Rosslyn, the other being Waterview just a few blocks away at 1111 19th North (map). Prices at Turnberry start at $699,000 and go up to $7.1 million. The building offers all the amenities expected of a project in this price range. Read our Turnberry Tower profile for more.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/turnberry_tower_back_to_normal/1925.