Barcelona & Verona Park Condominium - Columbia Heights
Factual Data: 63 apartments total, 2 buildings within close proximity, developed by Triangle Development Associates II, LLC, including Ernest Marcus as member and co-project manager.
- Awarded project after public competition by quasi-public D.C. agency
- Acquisition/Construction financing
- Management of design process for new construction in dense, urban neighborhood
- Extensive construction and design related issues required careful management
- Major flood due to pipe leak required 9 month delay – insurance claim management, construction cleanup and rehab oversight, negotiation with existing buyers.
- Due to changes in market conditions and delay due to flood (see above), careful management of existing buyers and re-marketing of many units.
- Management of punchlist issues including negotiation of settlement agreements with resident associations.
- Construction affiliate performed analyses of building punchlist and warranty issues, including reviews of third party reports. Performed corrective action through coordination with subcontractors.