The Peterson Cos. opened National Harbor in 2008 with 450 condominium units across three buildings. The Fairfax, Virginia-based developer went spec a decade ago and bet right, said Principal Jon Peterson, with 95 percent of those units sold by day one. And then the market turned upside down, and condo construction just about everywhere essentially stopped. Even today, most new condo buildings aren’t larger than 150 units. What developer wants to sit on that kind of inventory if the units don’t sell…
from https://www.bizjournals.com/baltimore/news/2017/10/04/peterson-bets-big-on-condos-at-national-harbor.html?ana=RSS%26s=article_search
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