Tuesday, April 3, 2007

Zoso Officially Drops out of the Arlington Condo Market

As predicted in my blog: Arlington Condos: Joule Converts to Apts. Next up: Zoso & Phoenix? Zoso has officially stopped selling condo units

Here is the official word:
Hello Frank, At this time, the builder has indicated that current contract holders will be released. This action has not yet been initiated, although calls to purchasers have been made. There are no definitive plans at this time for the future of the building.
Tammy B.
(A Realtor working for the developer.)

Now the next one to go is Phoenix condos in Arlington Virginia. I give it a 65% chance of converting to rentals. Make sure to read the other blog on Local.FranklyRealty.com that warns you about other new construction pricing guarantees.
Written by Frank Borges LL0SA- Broker FranklyRealty.com

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