In May, Kady Development notified all potential purchasers and current owners of the Floridian, the Shaw condo project at 919-929 Florida Avenue, that interested buyers were going to have to wait a hot second. The owner was having problems with the lender - and by problems it meant a lien and lawsuit, preventing buyers from settling on their purchases. At the time, the developer hoped it would all be resolved within a month. But, now that its allllmost August, not much has changed.
Gerard DiRuggiero of Urban Land Company was concise in his answer to our inquiry. "The developer is having problems with the lender. We still have tremendous interest in the building. It appears to be one of the more popular buildings in the city as so many real estate agents keep bringing people who want to buy. And that's the update." Click.
In June, DiRuggiero said they planned to give buyers weekly updates. Hopefully potential buyers and current residents are getting more details in their updates on the Floridian's status than DCMud.