Thursday, June 22, 2006

King Farm Condo Conversion Opens for Sale

Sales begin this weekend for the Royalton, the newest condo development at King Farm in Rockville. The townhouse community was built over the last six years at the intersection of I-270 and I-370. Located 2 blocks from the Shady Grove Metro, the condos-to-be were built in 2004 as part of the 1100-plus rental apartments within the planned neighborhood until Chicago-based developer Monaco purchased 317 of the apartments for conversion, reportedly for $112m. Each unit will be renovated as it is purchased; condos will start at $253,900.


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