Apparently IO PIAZZA, a new construction Arlington Condo in Shirlington, is claiming to not be under contract for sale of the entire building (initial reports said they were, but that deal, if any, might have fallen through like other nearby deals). Here is the May 2006 blog about Io Piazza rumored to be under contact.
Meanwhile, they refuse to close on units that are under contract (probably since they are still trying to sell the building) and they are refusing to consider themselves in "default" which would trigger a 2% penalty on the deposit. The total amount might only be a couple of thousands of dollars, and I guess they figure it isn't worth hiring a lawyer for such a small amount.
But if we get 5-25 people together, the legal fees will be very small and everyone might be entitled to get their deposit plus interest.
Please contact me if you have a contract at Io Piazza (and other new construction condos like Eclipse, Phoenix, Zoso)
Written by Frank LL0SA- Broker FranklyRealty.com