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Barcelona & Verona Park Condominium - Columbia Heights

Developed by Triangle Development Associates II, LLC, including Ernest Marcus as member and co-project manager.

  • 63 apartments total, 2 buildings within close proximity

  • 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.

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