The Floridian Hopes For Quick Condo Sales

by Deidre Woollard (RSS feed)
Feb 1st 2010 at 9:01PM

A press release brings a quick update on The Floridian, a condo building near Howard University in Washington D.C. Last we heard in December, the 118-unit building was facing foreclosure. Now UrbanLand Company has announced it will begin selling the remaining 86 condos at The Floridian in the next 30 to 60 days. The building was recently acquired by an affiliate of The Goldstar Group, a Bethesda-based private real estate investment and management company.

The new pricing has studios starting at $227,000 and prices top out at a three-bedroom penthouse for $1 million. Originally prices for the loft style condos started in the low $300,000s. The Floridian is two eight-story towers, made of stainless steel, colored glass and limestone with10-foot exposed concrete ceilings, exposed ductwork, floor-to-ceiling windows, granite countertops, maple and bamboo floors, designer lighting and balconies in select units. The community also has underground parking and a shared rooftop terrace with sweeping views of the Capitol, the Washington Monument and the National Cathedral. The development is FHA approved, "so down payments as low as 3.5 percent are possible."

Tags: condo project, condoiminium, condos, floridian, washington dc