Here’s what’s happening with Turnberry Towers — a wonderful, classy, brilliant, new condo building smack-dab in the heart of Rosslyn, directly across the Potomac from Georgetown, with breathtaking views and amazing amenities.
They are about 50% sold out, and prices have not dropped since they opened the development for sales more than 2 years ago. Square footage of the units, whether one or three bedrooms, is relatively large compared to other condo buildings. Quality of the materials used is simply outstanding (and gorgeous). Simply elegant, avant garde for Arlington, very sophisticated, contemporary luxury.
Here’s a checklist to consider when you think about purchasing in this building:
– all glass building? CHECK
– private elevator to your own residence? CHECK
– valet service so you don’t have to worry about parking your car? CHECK
– good-sized rooms (unlike many buildings in Clarendon)? CHECK
– extra large balconies? CHECK
– concierge to take care of drycleaning, etc? CHECK
– indoor, heated pool? CHECK
– top-notch gym? CHECK
– fantastic views? CHECK
As you can guess, the price tag is steep. Think about $1million for a 1 bedroom up to $3million plus for a 3 bedroom, and that’s not even mentioning the $7million price tag on the 5 bedroom. That puts the 1-2 bedrooms in line with the Waterview and Wooster & Mercer Lofts, also good buildings (but no valet service….).
Hmmmm. Someone always has to up the ante.
I hear that the developer is having financial problems. They are unable to pay the craft people that helped build and design the tower.
George, rumors have reached an all time high, and there is news that may not make potential and actual buyers happy. Word has it that Turnberry hasn’t paid the general contractor, so subs aren’t being paid and are now filing liens. Settlements are stalled and naturally you are seeing lots of positive paid advertising from Turnberry these days.