Ben’s update on Moda
I’m tired of the Moda hype already but for those of you anxious to secure your 300 sq feet condo lotto ticket (and are moving out of your 1200 sq ft rental to do so) here’s the bad news from Ben:
Officially, sales began at 11 AM this morning for the 251 units, though several hundred people were given advanced purchase opportunities. By noon this afternoon, a good majority of the homes were sold, leaving only the sub-400 sq ft alley facing studios & one bedrooms available. Those units are priced up to mid-$200,000s.
And I thought the new construction bubble had burst :). But it get worse, closet doors are not included, no parking spaces for some, laminate flooring.