Reply to The Lauren Condos in Bethesda Bankruptcy

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It's not "Ralph" Lauren. They have no association with it. It's "The Lauren".

The location is good, but they were really pushing it with prices up to $10mln.

Funny story: so in MoCo you have to build [b]affordable housing units [/b]also, with a building of that size. They built them, on the ground floor, but they [b]have their own separate entrance and no access to building amenities like the wine tasting room. If you drive past the building on the Woodmont Ave side, you can see the separate entrance by the sidewalk[/b].[/quote]

Wow.  Not only do they not share the amenities but a SEPARATE ENTRANCE ON THE OTHER SIDE OF THE BUILDING!?!  That's pretty disgusting.  Wow.[/quote]

Fully legal. By having a separate entrance, they dont' get the concierge services which would raise teh condo fees on the affordable units to the point they are unaffordable.

It's probably an F-U to the county for their policy that the affordable units must be in the same building/development. If you want to see an example, check out Avenel in Potomac. You'll see a bunch of basic homes off Oaklyn. The developers offered to build more homes closer in to Behtesda, near public transporation. The county said no, so that's the result. Kind of nice quiet little neighborhood though. Just not near anything.[/quote]

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