Noma delayed another 2-3 months

May 11th, 2007 · Comments

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.

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Viewing 16 Comments

andrea 2 years ago 1 point
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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.

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damon 2 years ago 1 point
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andrea,

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

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Jason 2 years ago 1 point
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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.

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Max 2 years ago 1 point
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I rescinded my offer there.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.

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Cameron 2 years ago 1 point
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Very wise Max. At this point that building is a huge gamble.

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downtown 2 years ago 1 point
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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.....

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j 2 years ago 1 point
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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?

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Ben K 2 years ago 1 point
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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.

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Jason 2 years ago 1 point
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Max - Any problems rescinding your offer at NoMa? I'm seriously thinking about rescinding my contract as well...

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Maggie 2 years ago 1 point
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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! :)

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Dan 2 years ago 1 point
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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.

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mattgoyer 2 years ago 1 point
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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.

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1 /people/mattgoyer/ /people/mattgoyer/following/ http://twitter.com/mattgoyer 553890509 in/mattgoyer mattgoyer mattgoyer

Max 2 years ago 1 point
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Not at all Jason. It was all processed in about a week.

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Jamie 1 year ago 1 point
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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.

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mw 1 year ago 1 point
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I agree!!!!!!! I just wish Tierney and Travis where still there.

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mr 1 year ago 1 point
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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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