Against all odds, condo project Moderno nears sell-out

Despite reams of data saying it shouldn’t be so, a boutique condo project about to deliver at 12th and U Streets NW is neither bankrupting its developers nor causing panic at its lender.

D.C.-based LaKritz Adler’s Moderno is, however, causing a stir, with 12 out of 19 units set to close this month. LaKritz Adler has managed to navigate the turbulent housing market — and the global economic crisis it sparked — with the benefit of peripheral vision.

Source: Washington Business Journal. View Article.

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