According to a recent LinkedIn post from Comma, the company is involved in a new residential project called The Modernest in the Edgehill neighborhood. The post indicates the development is planned to include roughly 131 condominiums over seven stories, with two live/work units, 8,600 square feet of amenity space, a pickleball court, a pool, and about 175 parking spaces.
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The post emphasizes that The Modernest is positioned as a design-forward, wellness-focused residential offering, featuring a resort-style pool, pickleball court, fitness center, sauna, cold plunge, co-working space, and a lobby designed to be welcoming. For investors, this suggests Comma is targeting higher-end urban buyers seeking amenity-rich, lifestyle-oriented properties, which could support premium pricing and potentially higher margins if demand in the Edgehill submarket remains robust.
The scope and amenity mix imply a capital-intensive project that may influence Comma’s near- to medium-term cash needs and project pipeline risk profile. If successfully executed and absorbed by the market, the development could enhance Comma’s brand in multifamily and mixed-use residential projects, potentially improving its competitive positioning in wellness-oriented urban developments and driving future deal flow in similar neighborhoods.