Thursday, April 6, 2017

Sales update and Capital Bikeshare!

I was told by the agent that building three is almost sold out already.  Considering they have not even went vertical (starting building up on the foundation) on building three yet and they raised prices recently that’s great news.   

Building two went vertical on 2/23/17 and looks like it will be completed by the end of May… so it seems it takes around 3 months for them to finish a building once they go vertical.   

Unless Stanley Martin starts selling units further out from their delivery date they are going to be in the good position of not having anything to sell.

We have our pre-drywall walkthrough scheduled for the end of next week.  We are hoping to still close in May.


Something else I am excited about is Capital Bikeshare is FINALLY coming to PG County and Riverdale!

Riverdale is in Phase 1 for Capital Bikeshare's PG county plan which should happen in Spring of 2018.

See the story here:

I have only been a member of Capital Bikeshare for just over a year but I am BIG fan:


5 comments:

  1. College Park's Zagsters Mbike bikeshare will be expanding this summer to surrounding areas. I expect Cafritz to sponsor a station near Whole Foods.

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    1. The article said that M Bike is on the way out.. "“The county’s plan is to roll out Phase 1 and 1a next spring, 2018. Phase 2 is anticipated in 2019 and would coincide with M Bike’s contract expiring"

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  2. It is more likely they would coexist; at least for a while. The University has major issues with Capital Bikeshare, plus Mbike has a lot more flexibility.

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  3. Although Mbike has its advantages, to be compatible with DC and Montgomery county using Capital Bikeshare is a big plus.

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    1. Agreed. Need to be able to take the bike into DC.

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