A New York-based tech company just announced a major new expansion in Rosslyn, with plans to bring 500 jobs to the county over the next five years.
Yext rolled out plans yesterday (Thursday) to lease a 42,500-square-foot office space at 1101 Wilson Boulevard. The company will occupy the top three floors of the building, and will help slash the office vacancy rate in Rosslyn, a persistent problem over the last few years.
Many students at Argosy University’s Rosslyn campus are now stuck in limbo, waiting anxiously for the financially struggling school to release federal financial aid cash they desperately need.
Argosy’s parent company, Dream Center Education Holdings, has been in serious financial trouble ever since it starting working to acquire Argosy, the Art Institutes and South University. It recently entered into receivership, essentially declaring bankruptcy, and has now run into problems with federal loan money.
County officials are gearing up to start construction on a long-awaited overhaul of Ballston’s Mosaic Park.
The County Board is set to approve a construction contract of just over $6 million for the project this weekend, ending years of debate over the project.
Another Food Hall Coming to Rosslyn — “Two local hospitality ventures have already announced plans for food halls in Rosslyn, and now a third food hall-type venue is being floated for the Arlington neighborhood. Even weirder? All three are on the same block of North Moore Street, the street where the Rosslyn Metro station is located.” [Washington Business Journal]
HQ2 Boosting Real Estate Market — “Real-estate professionals from across the local area already are seeing spring-level interest among prospective buyers, raising hopes for a solid start to the year. ‘The Amazon HQ2 announcement, plus favorable interest rates and a relatively mild winter, have all contributed to bringing the buyers out early this year,’ Northern Virginia Association of Realtors president Christine Richardson said.” [InsideNova]
Arlington’s top executive is calling for a real estate tax hike and some select staff cuts to meet rising expenses passed along by county schools.
However, County Manager Mark Schwartz’s proposed budget for the new fiscal year is not quite as unpalatable as he’d initially feared.
Synetic Theater will now be able to stay put at its current space in Crystal City, after its owners initially feared they’d need to find a new home.
The theater signed a lease extension for its space at 1800 S. Bell Street through “late 2022,” according to a press release from property owner JBG Smith.
Arlington leaders have already decided to do with away with the county’s car decal program to track personal property tax payments, but they’re still looking to make the change a bit more official before it goes into effect this summer.
Starting July 1, county drivers will no longer need to display the brightly colored stickers on their cars to prove they’re paid up on their taxes. The County Board eliminated the program last year, though the annual fee previously attached to the decals will remain.
Crystal City’s leading business advocacy group is taking its most concrete steps yet to expand and represent Pentagon City and Arlington’s portion of Potomac Yard as well.
The Crystal City Business Improvement District is hoping to bump out its borders as soon as next year, according to documents submitted to the County Board. The BID plans to spend the next few months working secure the support of businesses in its adjacent neighborhoods, then finalize the change sometime in fiscal year 2020.
Janet Caputo and her husband thought they’d found just the right home for a new chapter in their lives when they moved into an apartment at “The Rixey” building in Ballston last month.
The couple had just sold their Cherrydale home of the last 22 years, looking to downsize now that their children are all heading off to college. Caputo says they spent months on the apartment search, touring buildings across Arlington multiple times before settling on The Rixey, located at 1008 N. Glebe Road.
Board Member Wants Lower School Costs — “In remarks to a local service organization, Matt de Ferranti telegraphed the likelihood that Arlington property owners would see a higher real-estate-tax rate this year, in part to pay for higher school costs. But at the same time, he said the days of gold-plated school facilities must come to an end.” [InsideNova]
Arlington No. 5 on ‘Women in Tech’ List — Arlington County ranks fifth on a new list of “the Best Cities for Women in Tech in 2019.” D.C. ranked No. 1. [SmartAsset]
Arlington County Police are looking for the suspect in a robbery in the Bluemont neighborhood over the weekend.
The crime happened Saturday afternoon on the 800 block of N. Lexington Street, near Wilson Blvd and the W&OD Trail.
Amazon can feel a bit omnipresent around Arlington these days, but, in one key way, local leaders and activists say the company has been missing in action.
The tech giant sent a few emissaries to Pentagon City in mid-November, as politicians from around the state and the region congregated to hail the company’s massive Arlington expansion. Since then, however, people closely watching the Amazon debate say they’ve seen barely any evidence that the company’s executives have shown their faces in the community.
