Much of the talked about planned development was redundant for me of course, but I am a data junkie and enjoyed David Mayhood's presentation. Here are some stats Mayhood presented regarding sales at the Madrigal Lofts.
Mayhood explained that the skew towards Male among singles is a likely by product of the area still being a transitional neighborhood. He suggested that if instead we examined a new condo smack in the middle of Penn Quarter the % females would likely be over 50%.
5 comments:
Interesting stats. How many units are still for sale at the Madrigal? Also, was there any discussion around the future development along 3rd st and K st that's part of the Mt. Vernon Place plan by QDC? Thanks for the post!
I learned a few strategic tidbits about Mt Vernon Place but specifics on timelines wasn't of them. I don't think they even know. I'll write more on this tomorrow or in a scheduled post for Saturday.
looking forward to hearing more about Mt. Vernon Place.
I am interested in buying a unit in Madrigal. Any info on how many units are left for sale? I am wondering whether it will stay as condo given the market and other buildings such as Dumon going rental.
@Joe
I'm not sure precisely the what % sold Madrigal is. Might be 70% overall and maybe a higher % sold than that for 1 bedrooms. In terms of % occupied the building is a shade under 50% and close to earning our second board member position.
Madrigal can't go apartment at this point and I doubt it will go coop either. DuMont is a different story because no one has settled a unit there. One if not both of the DuMont buildings may go rental.
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