Metropolitan Place consists of 338 condos – 174 in Phase I and 164 in Phase II. That is a lot of households for 1 block of real estate! A subdivision of 338 houses would take 5-10 years to completely build out. So it’s not surprising that the developer of Phase II was in default of more than $26 million and its lenders were seeking foreclosure a couple years ago. It now seems to be back on track, and you can check out metropolitanplace2.com to see what new condos are for sale. But if you are looking for a deal, then you want to see what condos are available for resale. And if you want an even better deal, you want to see if there are any foreclosed condos within Metropolitan Place. There is one that has been for sale since May, and just reduced its price last week. 360 W Washington Ave #103. It’s a 3bed/2bath unit on the 1st floor. It is very spacious with 1599 finished sq. ft. Balcony with capital view has access from master suite and living room. The huge master suite combines with the 3rd bedroom/den. Sold for $275,000 in July 2003. For sale now at $289,900.