The Nolde Bakery Condominiums are the lead-in example in an RTD article on how local condo projects are faring in the softer real estate market.
From the article:
[…]
About a third of the 77 condos sold, said Jason Dodd, vice president of marketing for the Norfolk-based developer, Marathon Development Group.
Condos will be leased until the market picks back up, which should be in the next 12 to 18 months, Dodd said.
[…]
The Nolde condos were on the market for the low $200,000s to the mid-$300,000s. They are renting for $985 to $1,600 a month.
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