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The Lacey, that incongruous modernist masterpiece on 11th and Florida Northwest (tagline: “Better Living Through Architecture”), is now a prizewinner: Division1 architects picked up the Northern Virginia AIA chapter’s award for residential design excellence last week, beating projects from all over the greater D.C. area.
Tell that to prospective buyers. After being on the market for well over a year and a half, the 26-unit building is still working to sell its last four units, priced at between $529,000 and $725,000 (parking will cost you an extra $40,000). Meanwhile, nearby Kenyon Square has essentially sold out, as has CityVista downtown.
The Lacey’s biggest competition, though, comes from just down the road, where units at the Floridian have been selling like hotcakes. Since resuming sales in January—after the building went through a foreclosure, having only signed contracts on 30 out of its 118 units—all but 35 have sold. The remaining units are one bedrooms priced in the $300,000s up to a three-bedroom penthouse with a den, which will cost you over a million.