The city's condo prices are down 30% from their original list price.
So he's running for a position on the board of his condo association, and he is volunteering for the National Park Service and the City of Alexandria, Va.
Toll's City Living division, which has 10 condo developments under way in New York City, is scheduled to announce on Wednesday its first condo development in the Washington area.
Nearby Battery Park City emptied out, from the ritzy Riverhouse condo building where celebrities like Leonardo DiCaprio have homes to the waterfront commodities trading floors in the New York Mercantile Exchange (NYMEX).
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The projects are under way as a record 237 condo towers, most taller than 10 stories, are rising in the city and region's skyline, according to RealNet Canada Inc.
Rothe and his wife, who'd been renting an apartment in the city's Marina district, decided to buy a condo nearby.
Bruce Hiatt, a luxury-condo broker in Las Vegas, says he is seeing more interest in high-rise condo properties near City Center from investors and second-home buyers in the past few months.
But at the height of the market in the summer of 2006, they made a final decision to go rental, foreseeing that the city was about to be flooded with thousands of new condo units, according to Susi Yu, a senior vice president with the developer.
When she asked me to move us back to the city to get away from her family, I found us a condo in Chelsea.
The city anchors a region of about five million that also is undergoing some changes that those fearing a condo-bust may not grasp, said George Carras, president of RealNet Canada.
In Atlanta he plans to begin construction early next year on a 270-unit condo tower in the first of up to nine new residential towers to be built on the largest blank slate in the city, a 20-acre parcel.
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