The move comes about two months after another Arlington condo project, The Myerton, was converted to rentals. Local Realtor Laura Rubinchuk says that the history of the Bromptons project — construction was stopped after the building was declared structurally unsound in 2006 — probably came back to haunt it.
“Slow sales for the Myerton definitely played a part in their decision to convert back to rentals,” she said. “But I think the 3800 Lofts are always going to carry the past with it — buyers are going to be nervous about investing in something that was once on unstable ground, regardless of County clearance and any actions taken to remedy the situation.”
Rubinchuck contends that the Arlington condominium market is “on the mend,” and that The Myerton and 3800 Lofts both represent conditions that were building-unique, not market-wide.
For interested renters, 3800 Lofts is offering 22 large 1- and 2-bedroom apartments with stainless steel appliances and 9-foot loft ceilings. The building is located at 3800 Lee Highway in Cherrydale.