Friday, May 13, 2016

Pike & Rose celebrates launch of 930 Rose condominium sales (Photos)

A large crowd turned out at City Perch at Pike & Rose yesterday evening for the unveiling of floorplans and renderings of the future 930 Rose luxury condominiums. The 104 units will sit atop the future Canopy by Hilton hotel, and be one of the few condo developments to offer hotel amenities to its residents in the Mid-Atlantic region.
The 21-story building will offer a range of amenities and customization options. One feature available in some units directly above the hotel portion (see above rendering) will be terraces; many other units will offer balconies.

Parking spaces will be available for purchase in a garage specifically for residents, who will also have private elevator access to their units. Hotel guests will primarily rely on valet parking that will be offered outside Canopy, Mickey Papillon, VP at Federal Realty and General Manager of Pike & Rose said. Their vehicles will be parked in the other garages on the property.

One notable aspect of the building is the price range - prices start at $319,900 for a studio, but a one-bedroom for $399,900 sounds like a veritable steal if you consider the amenities, Metro accessibility, and on-site dining options now and at full build-out. By comparison, when the new 7770 Norfolk briefly went condo, its one-bedrooms were starting in the mid-$500s. You could easily buy your parking space and cover condo fees with the $100,000+ you saved here - and have breakfast at Carluccio's in the morning.

Here are the floorplans that were on display (click to enlarge for detail):
Studio
1-bedroom (the upside
down V is the easel showing
through, not part of the floorplan)
2 bedrooms, 2 baths
plus den and balcony
2 bedrooms, 2 baths
2 bedrooms,  2 baths
plus balcony
The 930 sales center at 11572 Old Georgetown Road will be having its first appointments Saturday. Inside you can check out a mock-up of an in-unit kitchen, and other interior options. One interesting detail is the full scale model of the future building that is on display. Where can I get one of those?


Scale model of the future
930 Rose/Canopy by Hilton
building


Attendees enjoyed appetizers from the kitchen of City Perch, cocktails and wine from the bar, and the first non-rainy day in two weeks on the restaurant's outdoor terrace.



















31 comments:

Betsy said...

What are the condo fees like?

Robert Dyer said...

5:32: That was one detail I did not find out.

Anonymous said...

They keep boasting about hotel amenities but the relevant condo fees aren't available. Hope it's not too outrageous.

Poppy said...

I do like the concept of hotel-style amenities. I would like to buy one of these to have on hand for when guests come to town. We can offer them something more personalized than a hotel, especially when it comes to decor, but also not burden them with any housekeeping tasks. It seems like Pike and Rose gets better every day.

Anonymous said...

"What are the condo fees like?"

Was wondering the same thing. The units seem to be relatively affordable, compared to all the new product popping up around downtown Bethesda, but with the same level of amenities.

Nice pictures and solid, well-detailed write-up.

(It's like there's too Robert Dyers lol)

Anonymous said...

New buildings tend to set condo fees low. Then once things are running for a couple of years and the newly formed condo board realizes they need reserves, etc. the fees go up.

Anonymous said...

I love the idea. Do you think Pike & Rose will have the traffic for the hotel? The concept works great in NYC, but those buyers aren't always going to live there.

Anonymous said...

As a condo owner, I look at the nice building and amenities, and "condo fees" does pop out at me. I have a friend living in a similar type of building in Arlington, where some floors are hotel and the residents can use the hotel amenities. It has a 24-hour staff front desk and so on. His condo fees on a studio were over $700/month.

Anonymous said...

I was at the event last night and asked about the condo fees. The representative said they would be $0.60/square foot. There will be many amenities exclusive to the residents, plus many services they can access (and pay for) like hotel guests, including room service. Those condo fees do seem relatively low. And I have also experienced buying into a new condo building only to have the fees rise dramatically after the building filled up.

Robert Dyer said...

7:32: Thanks.

Anonymous said...

Was this on the same night as Bethesda Magazine's big party? I see they posted photos online, and everything down to the urinals had a sponsor. I know they stated some money went to charity, but I'm guessing the majority went into the pockets of the magazine's owners.

Anonymous said...

9:10 AM How many businesses did they sell "Editor's Choice" awards to? Soup Up is a wonderful case study.

Anonymous said...

@9:20 It's a simple strategy -- define each category every narrowly so only the paying advertiser wins. In Soup Up's case, I think they won the "Best soup restaurant in a former vacuum cleaner store" category. Very prestigious!

Bethesdaguy said...

Hmmm... $319K for a studio or $399K for a 1 bedroom? I would rather buy a house in Randolph Hills right down the street with 3 bedrooms and a yard. Jebus...

Bethesdaguy said...

To add to my initial thought... The condo fees alone could cover landscaping, a maid, etc etc. And you have the option to expand your home.

Anonymous said...

$399K for new construction and all these amenities isn't bad!

Anonymous said...

at $319,000, maybe they're cheap enough that Dyer can move out of his mom's basement?

Anonymous said...

1:37PM = Dyer fanboy seeking Dyer's attention

Anonymous said...

Amenities and the price point are less relevant than the condo free, no?

Anonymous said...

And 2:01 defends Dyer why?

Anonymous said...

6:57 Because bullying is wrong?
Why do you care?

Anonymous said...

15 minutes this time. From the one who "doesn't care".

Anonymous said...

8:43 AM cares deeply about attention from Robert Dyer #fanboy

Anonymous said...

7:12 here. What the heck am I missing? Is there some secret code to posting that I don't know about? Twice I post and twice I haven't waited long enough? Are you a group of friends that I'm butting in on? If so, let me know and I'll stop.
I'm so confused.

Anonymous said...

I think it's just followup from when Dyer and his supporters used to accuse anonymous commentors of being the same person due to time stamps being right after one another. So those trolling Dyer tagged on to that and throw it back.

Robert Dyer said...

12:33: Uh, "Dyer and his supporters" never said any such thing. You make it easy to tell you're the same troll by using the same tired phrases, and by the fact that the negative comments all mysteriously stop when you are busy or on vacation. Not the sharpest tool in the drawer, but a tool for sure.

Anonymous said...

Actually I post while on vacation so not sure what you're thinking.

Anonymous said...

"the negative comments all mysteriously stop when you are busy or on vacation."

If you eliminate both "busy" and "on vacation", what does that leave you?

Birdbrain.

Robert Dyer said...

3:07: It leaves you with someone who is, to use your words, "bored at work." Working for Hans Riemer can do that to you, I guess. He's super low energy.

Anonymous said...

Wow what a cyber bully Dyer is. Jumping on Riemer who has nothing to do with these trolls and commentors and shills. Don't you have anything better to do? Or are you just "bored at work"?

Anonymous said...

Uhmm...how does Dyer know when his anonymous posters are on vacation? Should we be concerned about stalking?