Call Anytime: 888-610-3070

The Metropole: "Goodbye Glen, Hello Foulger-Pratt"

September 26, 2007 by  

This morning while returned from my ever repetitive daily walk to the Starbucks Coffee on P St NW between 14th St NW & 15th St NW I passed a new sign on the site of the Metropole, a new condo building at the corner of 15th St NW and P St NW. The Glen Construction sign was gone and in its place stood a new sign reading “Foulger-Pratt We Build to Last.” While this wouldn’t usually be something I would write about I thought it would be something interesting given the press release two days ago by Glen Construction in the Washington Business Journal.

Apparently Glen Construction, a company who has been around for nearly half a century, is going to be “closing” its doors come winter and is now down to a workforce of 12 employees, from an estimated 300 in its heyday. Locally, Glen Construction can be best known for their projects known as Rainbow Lofts and Georgetown Heights, two projects which epitomize quality in the construction industry. Recently, however, it seems like they have made some very big mistakes on their three current projects; 1010 Mass sold by McWilliams Ballard, Madrigal Lofts sold in-house, and the Metropole sold by DCRealEstate.com. The two greatest contributing factors to their demise was the slowdown in the high-end condo market and no having subcontractors ready to begin construction upon signing contracts with the developers. The latter of the two cause them to become victims to rising construction costs and slower construction scheduling, delaying both payments and project completion.

At the current moment, 1010 Mass is near completion and the project has been taken over by Faison Construction, who is suing Glen Construction for breach of construction and damages. Glen was not insured on this project. Fortunately they were on the Metropole, nearly 50% complete, and Madrigal Lofts, nearly 85% complete. Foulger-Pratt has taken over both projects in Glen Construction‘s place determining that “it was best to have another contractor complete the work.”

The results of such poor planning will only cause turmoil throughout the chain of parties involved. From the sales companies, to the clients, a catastrophe like this is sure to lose a few clients for the developers and sales companies.

20005

Comments

48 Responses to “The Metropole: "Goodbye Glen, Hello Foulger-Pratt"”

  1. Anonymous on September 26th, 2007 11:28 am

    I did hear that the Madrigal Lofts is having some problems completing the project and that several purchasers are walking from the deal. I wonder how the banks feel about this.

  2. Anonymous on September 26th, 2007 8:11 pm

    11:28, would you be willing to say more about what you’ve heard about ML?

  3. Anonymous on September 27th, 2007 4:27 pm

    Sure,

    A friend of mine is a local real estate attorney in Maryland. I was chatting with her about the mortgage crunch last week and she indicated that she has several clients who are working toward getting out of their contract with the Madrigal. She said that some people have already done so and that the project may be in for some trouble ahead if too many people walk. I don’t know about how this kind of thing works but apparently if too many people don’t close, the banks who loaned money to the builder somehow pull out of the deal. Maybe someone out there is a lawyer and knows how this works and can enlighten both of us.

  4. Anonymous on September 27th, 2007 8:20 pm

    Actually, I am both a lawyer and someone planning to move into ML, so this is very interesting to me. I have a hunch that I know what might be going on, but don’t want to speculate on a public forum. Would you be willing to send me an e-mail (MadLsecrets@gmail.com).

    (Feel free to send me a mail and I’ll mail you back from a real account in case you want to make sure that I’m not some secret agent for ML.)

  5. Anonymous on October 1st, 2007 1:21 pm

    I’m new to the city and looking at 1010 Mass. Is there a place I can go that will provide some hard truths I might need to know about the building or has anyone heard any negatives?

  6. Jesse Kaye on October 1st, 2007 2:23 pm

    Last I heard they were 3/4ths sold out and I haven’t heard one negative about the building. I actually have a client who regularly invests in that area (he has 29 units) and 1010 is one of his preferable locations but he doesn’t have one in the building yet. I trust his judgment.

  7. Anonymous on October 2nd, 2007 8:14 pm

    It would take a particularly unique circumstance to justify purchasing a condo in that area, let alone anywhere, at this time. Jim Cramer, host of Mad Money, and others strongly warn against purchasing real estate generally, and condo specifically, at this time. Prices will continue to fall, and the interests rates will likely drop too. If you can rent and hold out for 6 months to a year, I would strongly suggest that course. Especially new to the area, relax and take time to learn the market and the city before diving into something that you will regret later.

  8. Anonymous on January 3rd, 2008 2:44 pm

    Does anyone have more information on Madrigal Lofts Condo? I’ve recently purchased one and I’m a little nervous about my investment. Any helpful hints? Thanks.

  9. Jesse Kaye on January 3rd, 2008 5:18 pm

    I would return the question and ask you to provide a bit more about the unit you purchased. Its difficult to determine how strong of an investment you made without knowing what your settlement price was, some stats about your unit and what the primary purpose for the purchase was.

    With regards to the building…last I heard the building is about 80% sold out, which is reassuring news as far as I am concerned. While the market has taken a turn, especially in the price range of most of the units at Madrigal Lofts (i.e. over $417k), DC’s short and long term growth shows nothing but strength. Between the investment of Douglas Jemal, Victor MacFarlane, Akridge, etc, the city shows no signs of further development in economic and residential growth. What I would offer as a thought is that these companies far exceed the research ability of any small company and are continuing to develop. If self made uber-millionaires/billionaires are still investing solely in DC, I believe the local owners should be somewhat reassured.

    As a prediction…
    while we cannot guarantee anything, I believe the market will continue downward in the prices ranged from $400k-$1.2 mil due solely to the fact that between last year (when 100% financing was available for any price) and now, buyers have not had the time to save enough money to make a down payment on a home where banks are requiring upwards of 10% for ‘A’ paper buyers.

    Tell me a bit more about your unit.

  10. Anonymous on January 5th, 2008 10:03 pm

    I too am scheduled to go to settlement on a one bedroom/one bathroom unit at Madrigal Lofts. I have been VERY apprehensive about moving forward with the purchase. Is there anyone who has been pleased with their purchase? Are these units appraising for the purchase value? Has anyone decided to back out? I would love to talk with someone who is in a similar situation or can offer some great insight. This whole process has been very stressful.

  11. Jesse Kaye on January 6th, 2008 8:25 pm

    I have received question after question over the last few days about Madrigal Lofts and the condo market. The first question I would ask is what company is financing your mortgage? Some companies have a tendency to only use appraisal companies that inflate the price to make the sale for the mortgage company (who in turn will continue to use that appraisal company.

    The awkward answer in short is that I have not heard about anyone backing out last minute. The building is quoted to be 80% sold out. Can you provide a mit more about the 1br/1ba you are purchasing…size, floor, ratified price?

    When I searched the MLS, there is a 1br 1 ba available at 720 sq ft for $398k and another at 760 sq ft for $365k. Both have been on the market for four months and two months respectively so if I had a buyer interested in purchasing I would likely recommend discounting the 8% off of the asking price. If you are considering walking away I would ask what your earnest money deposit is and if you are willing to risk the EMD to play hard ball. Chances are that the Mayhood Company will be willing to negotiate on the price rather than let you walk. Do you have a Realtor? It always helps to have a buffer in between you and the seller but chances are your Realtor will not enforce playing hardball because if you walk, they lose the commission.

  12. Anonymous on January 7th, 2008 1:31 pm

    Jesse,
    Thanks for your thoughtful info.

    BTW…I’d tried to re-negotiate my price from over 2 years ago (costing over $400k for one bedroom) but Mayhood Company would not budge. I even got a lawyer to review the contract. It seems that they’re only interested in negotiating with the new buyers and in some they’re just giving away a free parking (starting at $26k). The builder (Quadrangle) didn’t seem too stressed/worried about me walking away from the deal. Mayhood simply stated that I would lose my $25k deposit.

    They really do play “hardball” and they’re simply not interested in negotiating. They even told me that the builder has not lost a legal case yet. BOLD statement…I’d say.

    Perhaps, I may be stuck with the purchase…or lose the 25k.

  13. Anonymous on January 7th, 2008 10:11 pm

    I am in the exact same position with ML! Please feel free to shoot me an email if you would like to discuss. I think there is a way to negotiate.
    loftdc@yahoo.com

  14. Anonymous on March 24th, 2008 1:19 pm

    I could not secure financing and Madrigal is keeping my emd. I spoke to someone else who was buying in the building and they told him the same thing and they refuse to return his EMD. Can you keep someone money because the market went bad and they no longer qualify for the loan? They even had their attorneys send letters stating that I told someone I was flipping the property. That was just absurd! I filed a complaint with the DC office of Attorney General at http://occ.dc.gov. They told me if they get enough complaints about Madrigal, they could force them to return the emd of people who no longer legitimately qualify for their loans. I have found 3 others who filed. Is there anyone else out there who is facing the same problem with Madrigal Lofts? We need to ban together! The market is bad. Does that give Madrigal the right to retain my emd because I can no longer qualify??

  15. Anonymous on March 24th, 2008 1:35 pm

    Wow! And I thought my experience with Madrigal went from great to horrible! I am in the same position too!!! They refuse to return my money. I have obtained a lawyer. He has sent a demand letter, but they have not responded. They did tell both my attorney and realtor they have not lost a case yet and do not intend to loose any! I think they are trying to mitigate their losses by keeping the deposits; whether it’s warranted or not! What can I do? Please help me! I have $22k on the line….

  16. Anonymous on May 8th, 2008 6:06 pm

    Yea I think we should start a petition and take it to the attorney general. this is absurd. the Madrigal developer failed to fulfill its obligation to have the building ready in time and now its illegally holding deposits. Maybe we can beg for a hearing on the Hill about it. If there are any lawyers that have had luck in getting deposits back, could they post their names and contact information?

  17. Anonymous on May 8th, 2008 6:16 pm

    I say we call all the major news outlets and attract as much attention to this Madrigal situation as possible. We could create a class action suit. I have a lot of reporter/editor friends that can help. We can mount a campaign. I say we call the mayor. This is robbery.

  18. Anonymous on May 13th, 2008 11:11 am

    I also went through a lawyer. He wasn’t much of a help. ML told me the same…”we haven’t lost a case yet.”. After several attempts to back out, I finally decided to move in. Otherwise, I would have lost 25k. Now I’m thinking that I made a mistake. I only wish I knew everyone’s contact information before I moved in. We could’ve certainly filed for a petition (for them to return the EMD). BTW…the builder’s workmanship is pretty “poor quality” as well. I’ve been working with the construction PM to get everything fixed but even after 4 months, I still have list of things to be done/fixed. Now I know why they were rushing me to move in. If they don’t fix these things pretty quickly, I plan on writing a letter to BBB. I suggest you do the same (if you’ve moved in already).

    Even though I moved in, if you need my support, please let me know. I’ll send you my contact info. I’d like to help whereever I can.

  19. Radha on May 14th, 2008 4:10 pm

    All the stories sound like mine. I am in real estate and this is happening all over the country.
    I am interested to know if anyone has hired an sttorney who has been successful in getting the deposit back. My family attorney who is fantastic at contract law (but not located in DC) said that they violated the Interstate Land Sales Act becuase they were not finished with the building within the 2 year time frame. Basically, if a developer markets outside of his area, ie has a website, then they are liable to comply. According to him, it should be a “slam dunk”. So, I am seeking a strong contract law/ligation attorney in DC who can get the job done. We hired one and he is having difficulty getting the moeny back. Developer keeps stalling. Anyone have any suggestions? Please email me at grandstrand@gmail.com

  20. Anonymous on May 23rd, 2008 12:46 am

    Grandstrand, I am going to email you. Also, I am in the same situation. I was checking this blog months back but no one had posted anything for a while. I have hired an attorney but have had no luck. I would love to get a group of folks together to meet. I think if we can join together, we can win. I, too, am trying to obtain my EMD back. This whole process has been a nightmare. Please contact me if you would like to join together to take action.
    wordsofaqueen@gmail.com

  21. Anonymous on June 24th, 2008 5:10 pm

    For what it’s worth, I, too, did not qualify. I hired a lawyer to try to get my EMD back, to no avail. I’m still trying to decide whether to spend more money to try to get it back.

  22. Jesse Kaye on June 24th, 2008 5:46 pm

    Everyone, I just published a new post on the building today. Good luck with your efforts. Also, take note that we are slowly transferring this blog over to our new site, BuildingDC.com and while this will always be available for you we expect people will be responding at BuildingDC.com and it will not sync back to DevelopersAgent.com

  23. Anonymous on June 26th, 2008 12:07 pm

    I’ve been in madrigal lofts since november. I can say that the workmanship of the building is not of “poor quality”. Aside from a few minor problems expected of a new unit, and the lack of response from one quadrangle employee, this building has been pretty good.

    Also, for those of you who signed a contract and want to back out of it, hoping to get your deposit back…you did sign a contract. What if the price of the units went up over the past 3 years since you signed the contract? Would you still want to back out? A contract is a contract. And Madrigal started delivering in November 2007, which was the expected delivery date.

    If you look at the DC recorder of deeds website, it shows that Madrigal has close to 100 recorded deeds of closed units out of a total of about 259 units, so we’re getting there.

  24. Jesse Kaye on July 9th, 2008 5:34 pm

    6/26/08 Anon – While I am not commenting on the workmanship on this site – you can rate the metropole and the rest of the buildings in Washington DC at:

    http://buildingdc.com/development-index/metropole/

    With response to your comment – quality is in the eyes of the beholder, or in this case owner. Marty, my associate, wrote a post several months ago titled “What is Luxury?” It can be seen here:

    http://buildingdc.com/uncategorized/what-is-luxury-in-dc/

    Could it be possible that you have been conditioned to think that the workmanship is wonderful when in reality its just mediocre – based on the marketing of similar buildings as luxury?

    Just a thought.

  25. Anonymous on July 12th, 2008 6:21 pm

    In response to Anon 6/26 @ 12:07 pm:

    Exactly. A contract is a contract. Section 2, Paragraph (b)(ii) of our contract states that if we are unable to obtain a mortgage “for any reason whatsoever” we are to get our EMD back. Circumstances change. We didn’t qualify. The developers need to abide by their own contract.

  26. Sean on August 4th, 2008 3:23 pm

    I signed a contract to purchase a unit at the Metropole in February 2005. It was supposed to be ready to move into 2 years later. We are now in August ’08 and still it is not ready. I have no interest in moving forward with the purchase at this point. I want to walk away and get my 10% deposit back. I am worried that I will receive resistance from the developer in getting back my deposit. Their stance is that the project was delayed because their contractor went out of business and that is out of their control. My stance is that it is not out of their control and furthermore switching contractors should not delay the delivery date for a year and a half. If someone has any advice on how to make sure and secure that deposit or is in a similar situation with Metropole, please contact me- sean.aalai@gmail.com

  27. James on August 8th, 2008 2:54 pm

    I have first hand knowledge of the Madrigal Lofts and the developer, Foulger Pratt. FP is a leader in the community always providing high quality products at a great rate. When Glen Construction closed its doors, FP stepped in and took over. Under Glen Construction’s lead, many mistakes were made however, FP has applied their values and ethics into the Lofts, turning it into a first class property. Everyone concerned about canceling your contracts are foolish because FP is one of the best developers in the area and the Lofts is going to be a great property that will appreciate in value, even in this shaky market. Just go to their website, http://www.foulgerpratt.com and see some of the great work they’ve done. Park Potomac, just off 270 on Montrose Road is a great example. I’m sure you’ve seen the work develop over time from the freeway. Park Potomac represents the best of living and commercial space and the same values are being applied to the Lofts. Have confidence. Trust the developer and I’m sure you will end up more than happy with your purchase.

  28. Tony on August 21st, 2008 10:59 am

    Sean, you sound like a clueless moron. Your stance is irrelevant. You signed a contract!

  29. Sean on September 4th, 2008 2:49 pm

    “Clueless Moron”? Screw you deuche bag. The contract said the place would be ready in 24 months and it was not. So the contract is now void. And I have one hell of a lawyer. So I’m not even worried about it. You jackasses with your pom-poms out are clearly associated with these crooked, yes CROOKED, developers. Lofts 14 had big, big problems. I know people that owned a unit there. Metropole will too. Metropolis Development has zero credibility. Word is out on them. I don’t give a dman who is reading this.

  30. SeanSucks on September 24th, 2008 6:02 pm

    @Sean

    I’m not associated with Metropolis, first off. But “deuche bag”? What’s a deuche? Did you mean douche? Calling someone misspelled names is pretty bad, granted it was retaliatory, which makes it mature and okay. Sorry–pet peeve. Anyway, I’m curious as to whether you bought a unit in the Metropole before or after hearing about the problems you mentioned with Lofts 14. What were the problems, and how can you be sure that the Metropole will have problems, given that it’s a different site, different developer, etc.?

  31. Sean on September 27th, 2008 1:50 pm

    I purchased the unit at Metropole before Lofts 14 was completed. Lofts 14 has no insulation in the walls between the units. So you have little privacy in your home. I know this because my friends lived there. They sold their unit over a year ago. There were several other “little” corners that were cut. They rushed to complete the project because just like the Metropole they were over a year off schedule and just like the Metropole they had the original builder go out of business. Lofts 14 and Metropole are both under Metropolis Development. Their track record is less than stellar and these people operate with zero integrity. The CEO of Metropolis Development was supposed to live in the Metropole when the building is completed. Those plans have since been nixed. That pretty much says it all, no?

  32. Metropole Sucks on October 3rd, 2008 3:16 pm

    Wow, funny stuff. Metropole has been a disaster from start to finish. Glenn Construction put $7 million worth of liens on the place prior to going out of business. Metropolis Development- Scott Pannick and his crew are a group of unethical people. I wouldn’t touch a project they are involved with.

  33. SeanSucks on January 28th, 2009 12:55 pm

    Sean, you ARE an idiot. Why would you purchase a place you have no intention of moving into? Yikes! So it was delayed. It’s ready now so quit complaining and move in! In fact, the delay worked in your favor because interest rates are at historic lows. You would have been paying at least a few hundred dollars more per month had it been finished on time. Dumbass.

  34. Fah-Q on February 24th, 2009 4:09 pm

    This message is for the one who calls himself “SeanSucks”. Um… go [....] yourself. I clearly had the intention to move in but not 2 years later than expected! Not so hard to understand that most people don’t plan their lives 4 years in advance. Units went on sale in 2005 and were supposed to be delivered in early 2007 but weren’t until almost 2009. I know several people suing Metropolis Development (including me) and who wants to live in a building which is not even one third sold?! The place is so over priced and I also hear they may declare bankruptcy soon. I know you say you are not associated with Metropolis Development but clearly you must be because you seem very passionate about my personal affairs with them. Anyway, I hope you are associated with them because they are so screwed and they deserve it. And man, I have such a good lawyer. Getting my EMD back is a forgone conclusion but also suing for damages and lawyer fees and will get that too.

  35. YouSuck on February 26th, 2009 4:06 pm

    I had the intention of moving in you moron but not two years later than originally planned and 4 years after purchasing the unit! You really are stupid if you can’t understand that. Also you say you are not associated with Metropolis Development but clearly you are because you seem very passionate about my affairs with them. They may even declare bankruptcy soon. They are totally unraveling. Suckers. The place is a disaster and nobody is buying their units. They have sold maybe a third of the building and several of those people are also suing. They thought because they sent a letter saying people can’t get out of their contracts that everyone would be intimated. Not me sense I have a hell of a lawyer. Getting back my EMD, plus interest and lawyer fees. So eat that. And to borrow a line from Tony Montana- “Why don’t you stick your head up your ass. See if it fits”. Clearly your head is already there.

  36. SeanSucks on March 19th, 2009 3:51 pm

    I heard you the first time, you illiterate retard. Nobody gives a shit about “your affairs”, just stating the obvious. I don’t know where you get your information from but all the units are almost sold and they’re having no problems financially. By the way, lawsuits work both ways. Don’t be surprised when you’re counter sued. Something tells me you have no idea how real life works. Try leaving mommy and daddy’s basement and maybe then you’ll get a clue. Dumbass.

  37. YouSuck on April 15th, 2009 10:27 am

    The place is not even 50% sold you stupid jackass. Even their website which is very inaccurate shows that. I already won my lawsuit and know of at least 2 other people who did too. Maybe I shouldn’t have told you to stick your head in your ass- clearly it is already there. Try taking it out every now and then. I know exactly how life works which is why I held out when they tried to settle by giving all my EMD back. I leaned on them and got lawyer fees too. You’re just a moron robot who does whatever people tell you to do because you can’t think for yourself. They started selling in 2005 and 4 years later the place is less than half sold. Do the math dumb dumb. You live in a fantasy world as does Metropolis Development Company. How much do they pay you to lick their balls? Sucker.

  38. Metropole Sucks on April 22nd, 2009 2:23 pm

    At SeanSucks:

    You’re an idiot. “Counter sued”? On what basis? Don’t bother responding. You are very stupid.

  39. SeanSucks on April 27th, 2009 3:50 pm

    And yet you still live in mommy and daddy’s basement. How sad.

  40. YouSuck on April 28th, 2009 4:08 pm

    I live w my girlfriend in G-town. Nothing sad at about that. Seriously, just reveal yourself. There is no way in hell you are not affiliated with Metropolis Development or with the people who sell for them. There is no other reason you would care so much when people bash them. They lost cases in court and other cases they settled before going to court paying 100% EMD back plus lawyer fees in some cases. Doesn’t that tell you they are in the wrong and they know it? Yet you are backing them up with such venom. So either you really are stupid or you have something at stake here. Either way, F- Metropolis Development Company. This is their last project in DC for sure! Put away the pom-poms you fruit cake. You are cheering for losers.

  41. Owner on May 6th, 2009 7:04 pm

    @YouSuck,

    Wow, this is acerbic stuff. I’m glad you’re not going to be my neighbor!

  42. YouSuck on May 18th, 2009 2:29 pm

    Article below from Business Journal will shut you up for good Mr. “SeanSucks”. Keep it shut too. You have nothing else to say. For those who did move forward with their purchase at the Metropole, hopefully things will get better for you soon as now someone else has taken over. My vendetta was never against any of you nor will it ever be. It was against Scott Pannick and his cronies and they are going down as you can see:

    The towering Metropole condominium building launched its sales efforts in September, greeting potential high-end buyers with swirling floodlights, pink Champagne and exotic hors d’oeuvres. The swanky red-carpet soiree was a welcome turn for developer Scott Pannick after at least two years of delays brought on by a bankrupt contractor resulted in canceled contracts, mechanic’s liens and litigation.

    Almost eight months later, the Logan Circle project is now in the hands of the lender — a new one — and its trustees. So far, the new lender is taking a patient approach with Pannick, who signed personal guarantees on the loan.

    According to D.C. land records, a division of Glendale, Calif.-based American Realty Advisors in March bought the note on the building from iStar FM Loans LLC, which had itself acquired the underlying note from Fremont Investment & Loan in 2007.

    The Metropole, at the northeast corner of 15th and P streets NW, was developed by 1515 15th Street LLC, an entity controlled by Pannick’s Metropolis Development Co. In exchange for some leniency under an undisclosed forbearance agreement, the LLC transferred the Metropole property — in trust and with the power of sale — to American Realty’s Azure Funding LLC.

    Pannick did not respond to a request for comment. But Chris Ballard of McWilliams Ballard Inc. confirmed his company took over sales in the 90-unit building a little more than a week ago. About 26 units were sold before the project went through its latest upheaval, according to land records. (The agreements between iStar, Azure and 1515 15th Street omit 26 individual condo units from the property transferred.)

    Ballard says he is undaunted by the building’s recent history. “It’s ground zero — one of the best locations in D.C.,” Ballard says. “It just has a sordid past that needs the slate wiped clean to start fresh.”

    That whole high-glam marketing campaign? History, Ballard says. “I’m sure you’ve seen the ads that are aloof and disaffected. Why would you employ that strategy today?”

  43. Observer on May 28th, 2009 12:18 pm

    Those condos will go up in value at least 35% in the next 7 years. Have you seen that area lately? It’s the next Penn Quarter-Chinatown.

    P.S. Arguing on the internet is like competing in the Special Olympics. Even if you win you’re still retarded.

  44. SeanSucks on June 4th, 2009 3:35 pm

    I think what you meant to say is you live at your girlfriends house. In other words, once she dumps you you’ll be back in mommy and daddy’s basement.

  45. Jesse Kaye - BuildingDC.com on June 4th, 2009 6:14 pm

    @SeanSucks, SeanSucks is posting from the Worldbank. Nobody on this thread is posting from anything having to do with Metropolis.

  46. YouSuck on June 8th, 2009 5:05 pm

    The area is great and yes I have seen it and go there often. I don’t know about those condos going up 35%. For the sake of the people who bought them, I hope they do. But the place is still less than 50% sold and the prices are very high. The 630 square foot condo cost close to $400K with parking. Serioulsy, how will the value of a unit like that ever go up? I don’t really see it happening. Ha- indeed arguing on the internet is retarded.

  47. YouSuck on June 8th, 2009 5:08 pm

    Uh yea, clearly you have no argument left to make. So now you can fixate on my g-friend breaking up with me. What exactly does that have to do with anything? Go back to work at the World Bank- there are still a handful of countries your company can rape.

  48. Jesse Kaye - BuildingDC.com on June 11th, 2009 11:54 am

    Isn’t speculation what got us in trouble in the first place? Its not going to get us out. The Metropole, while one of the more interesting buildings in the area, is asking its price tag for its ‘uniqueness’ (that said anything is duplicable). If you are really interested in making 35% over the next seven years there are drastically better opportunities out there, but if you really believe what you said, it sounds like the building for you and we should talk about making an offer!

Feel free to leave a comment about this property!