Noma delayed another 2-3 months

I received another update on Noma:

The building has, indeed, been delayed another 2-3 months. A friend of mine who also just backed out had a (3rd) closing date of June 4th bumped to July 30th, but that was assuming they could get a temporary COO from the city. If not, his new date would be 3-4 weeks after that… nearly a year since the first floors were originally supposed to close.

We also heard from the management team that the reason it was taking a bit longer to get the recission papers signed around was that the developer just fired the project manager.

About Matt

Matt , Urbnlivn's publisher, has a love for lofts with industrial features and new construction condos that is only eclipsed by his passion for outdoor sports and urban living. Phrases such as “polished concrete” and “exposed brick” are music to his ears. You can also find Matt on Twitter or skiing.

  • andrea

    It’s about time they fired the PM. I was the 11th buyer, got my first choice home and my original closing date was October so to say the least…my excitement is almost nil. My new date (2nd floor) is August 10 (last one was June 29)–a date I have little to no faith will mean anything to anyone. As with most people, I’ve learned that the constant delays have been a result of poor communication between contractors and the PM along with standard new contruction hiccups. Finger’s crossed that I will actually get to use my patio THIS summer.

  • andrea

    It’s about time they fired the PM. I was the 11th buyer, got my first choice home and my original closing date was October so to say the least…my excitement is almost nil. My new date (2nd floor) is August 10 (last one was June 29)–a date I have little to no faith will mean anything to anyone. As with most people, I’ve learned that the constant delays have been a result of poor communication between contractors and the PM along with standard new contruction hiccups. Finger’s crossed that I will actually get to use my patio THIS summer.

  • damon

    andrea,

    I hope you get the chance to use your patio. You deserve it after all this time

  • damon

    andrea,

    I hope you get the chance to use your patio. You deserve it after all this time

  • Jason

    My most recent closing date is June 19 for a 2nd floor unit. I still haven’t heard from the sales team about the delay and a new closing date. I figure it’ll be sometime this week. I don’t have a problem with the delays and all. I do have a problem with the lack of information and poor communication between the sales team and buyers. If they kept us in the loop, I think I would be less pissed.

  • Jason

    My most recent closing date is June 19 for a 2nd floor unit. I still haven’t heard from the sales team about the delay and a new closing date. I figure it’ll be sometime this week. I don’t have a problem with the delays and all. I do have a problem with the lack of information and poor communication between the sales team and buyers. If they kept us in the loop, I think I would be less pissed.

  • Max

    I rescinded my offer there. I’m just scared to death the building won’t be made correctly and I’ll be stuck there as the HOA sues the builder all the while the condo market weakens.

    This thing has been a total disaster from the get go. I decided not to stick around and how it ends ok.

  • Max

    I rescinded my offer there. I’m just scared to death the building won’t be made correctly and I’ll be stuck there as the HOA sues the builder all the while the condo market weakens.

    This thing has been a total disaster from the get go. I decided not to stick around and how it ends ok.

  • Cameron

    Very wise Max. At this point that building is a huge gamble.

  • Cameron

    Very wise Max. At this point that building is a huge gamble.

  • downtown

    The site is also still waiting on an NFA letter fom the city….financing a retail condo is impossible from any bank without an NFA…..

  • downtown

    The site is also still waiting on an NFA letter fom the city….financing a retail condo is impossible from any bank without an NFA…..

  • j

    not related to NOMA, but what’s the deal with the Bellagio up on Bellevue on Capitol Hill? I drive by it everyday back from work and it didn’t look like they did any pre-sale whatsover, they finally put up signs that they were selling like a month or two ago and now they just unfurled this sign saying over 70% sold. I don’t buy it at all considering we’re looking at almost 70 listings at the Cosmo now. You know anything about this Matt?

  • j

    not related to NOMA, but what’s the deal with the Bellagio up on Bellevue on Capitol Hill? I drive by it everyday back from work and it didn’t look like they did any pre-sale whatsover, they finally put up signs that they were selling like a month or two ago and now they just unfurled this sign saying over 70% sold. I don’t buy it at all considering we’re looking at almost 70 listings at the Cosmo now. You know anything about this Matt?

  • Ben K

    J – It’s possible, they’ve had listings in the MLS at least since last August. But, their website only shows 11 out of 24 sold.

  • Ben K

    J – It’s possible, they’ve had listings in the MLS at least since last August. But, their website only shows 11 out of 24 sold.

  • Jason

    Max – Any problems rescinding your offer at NoMa? I’m seriously thinking about rescinding my contract as well…

  • Jason

    Max – Any problems rescinding your offer at NoMa? I’m seriously thinking about rescinding my contract as well…

  • Maggie

    Jason- as long as you haven’t signed the NEW addendum for the newest closing dates, you can rescind and get your earnest money back no problem. With the new extensions, they’ve violated their end of the contract by going beyond the 15-day cushion they built in to the last closing dates, so you are well within your end of the contract to back out unless you signed the new round of addendum papers.

    I’m not Max, but I rescinded there as well in April! :)

  • Maggie

    Jason- as long as you haven’t signed the NEW addendum for the newest closing dates, you can rescind and get your earnest money back no problem. With the new extensions, they’ve violated their end of the contract by going beyond the 15-day cushion they built in to the last closing dates, so you are well within your end of the contract to back out unless you signed the new round of addendum papers.

    I’m not Max, but I rescinded there as well in April! :)

  • Dan

    Many of these developers will only list a certain number of the building units on the MLS, and then tell buyers that 70% of the units are sold (that were LISTED!). In all reality, they have probably only sold 10-30%. This is a pretty common marketing ploy. I think someone discussed this last week about some other Ballard complex.

    BTW, anyone take a look at the Fast Times @ 2200 Blog? I had no idea that Vulcan tried to silence Chucky, and then began posting on his blog…interesting situation.

  • Dan

    Many of these developers will only list a certain number of the building units on the MLS, and then tell buyers that 70% of the units are sold (that were LISTED!). In all reality, they have probably only sold 10-30%. This is a pretty common marketing ploy. I think someone discussed this last week about some other Ballard complex.

    BTW, anyone take a look at the Fast Times @ 2200 Blog? I had no idea that Vulcan tried to silence Chucky, and then began posting on his blog…interesting situation.

  • http://twitter.com/mattgoyer mattgoyer

    J, Bellagio has been for sale for a while (over a year at least.) I looked into it a while back. Their sales center office was (is?) on Mercer Island so I never bothered to go over there. Not knowing much more about the situation I figured they weren’t pushing it more because they knew they could get more money if they waited to sell until it was built.

  • http://blog.mattgoyer.com Matt

    J, Bellagio has been for sale for a while (over a year at least.) I looked into it a while back. Their sales center office was (is?) on Mercer Island so I never bothered to go over there. Not knowing much more about the situation I figured they weren’t pushing it more because they knew they could get more money if they waited to sell until it was built.

  • Max

    Not at all Jason. It was all processed in about a week.

  • Max

    Not at all Jason. It was all processed in about a week.

  • Jamie

    I’m so dissaopinted with Noma and their sales staff. I have had virtually no communication from them execpt when I contact them and ask for more information on closing. My closing date is in a week and a half and they have told me nothing. I know that closing dates can change and I can be flexible but they need to tell people if they aren’t going to close on the date they said. I expected a much higher level of customer service than this.

  • Jamie

    I’m so dissaopinted with Noma and their sales staff. I have had virtually no communication from them execpt when I contact them and ask for more information on closing. My closing date is in a week and a half and they have told me nothing. I know that closing dates can change and I can be flexible but they need to tell people if they aren’t going to close on the date they said. I expected a much higher level of customer service than this.

  • mw

    I agree!!!!!!! I just wish Tierney and Travis where still there.

  • mw

    I agree!!!!!!! I just wish Tierney and Travis where still there.

  • mr

    Below is for the developer’s website WHAT A JOKE!!!!

    CORE VALUES
    Despite our success and size, Triad has maintained the feel of a small family company. Over the years, our founders have developed a set of six core values that they believe have enabled Triad to produce projects that are recognized by both customers and competitors as high-quality and innovative. Every Triad employee understands that they are expected to reflect our core values in every aspect of their job. We will be problem solvers – and we are not afraid to think outside the box when necessary.

    We will not give up. We will persevere.
    We dream and will use our vision to create quality projects.
    We connect with the community.
    We will execute.
    We do all of the above with integrity.

  • mr

    Below is for the developer’s website WHAT A JOKE!!!!

    CORE VALUES
    Despite our success and size, Triad has maintained the feel of a small family company. Over the years, our founders have developed a set of six core values that they believe have enabled Triad to produce projects that are recognized by both customers and competitors as high-quality and innovative. Every Triad employee understands that they are expected to reflect our core values in every aspect of their job. We will be problem solvers – and we are not afraid to think outside the box when necessary.

    • We will not give up. We will persevere.
    • We dream and will use our vision to create quality projects.
    • We connect with the community.
    • We will execute.
    • We do all of the above with integrity.

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  • Jbytdpa

    Very wise Max. At this point that building is a huge gamble. knysna
    properties