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Morning Notes

by ARLnow.com August 15, 2017 at 9:00 am 0

Eastern Foundry Expanding Again — Government contracting startup accelerator Eastern Foundry is expanding once again. The accelerator is taking a 6,175-square-foot space directly below its Crystal City offices and dividing it into four suites “to attract larger companies that want a foothold in the co-working world.” [Washington Business Journal]

JBG’s Big Plans for Crystal City, Potomac Yard — The newly-merged JBG Smith sees an opportunity to transform its holdings in Pentagon City, Crystal City, Potomac Yard and North Old Town Alexandria into “24/7 environments” that “feel more like the [Rosslyn-Ballston] Corridor.” In Crystal City, the company wants to add new amenities. “What we want to do there is add retail amenities and residential to convince people who work there to live and play there,” said an executive. [Bisnow]

Real Estate Market Continues Upward Trajectory — “Year-over-year home sales and average sales prices across Northern Virginia were up slightly in July, leading to a 6.6-percent increase in total sales volume, according to new figures.” [InsideNova]

Flickr pool photo by Kevin Wolf

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