News

(Updated at 10:45 a.m.) PBS has signed a new deal to keep its headquarters in Arlington, though it will be relocating to a different building in Crystal City.

The media company announced today (Tuesday) that it will be moving from its current space at 2100 Crystal Drive to a 120,000-square-foot office at 1225 S. Clark Street. PBS agreed to a 15-year lease in the building, and plans to make the move sometime in “mid-2020,” per a press release.


Sponsored

Welcome to Kami’s Korner, where we’ll take a deep dive into Arlington’s condominium market by focusing on what’s coming next. From emerging developments to shifting trends, this space will spotlight the opportunities and insights shaping the future of condo living in Arlington.

What defines luxury in housing? It’s perhaps the most overused word in the English language. I recently saw a sign for “Affordable Luxury Apartments” and smiled to myself. Arlington, particularly Rosslyn, with communities like Turnberry Tower, Pierce, and Gaslight Square, has achieved critical mass in luxury condominium options. The condo market in Arlington continues to get better, consumers demand more thoughtful design, and local product becomes more desirable. For new condominiums, luxury is really made up of two factors: price point of the offering (a reflection of location, unit finishes and quality of plan), and condo fees (amenities, level of service.)

Pricing is predominantly set by the location. A majority of value is determined by neighborhood desirability, socio-economics of its residents, quality of schools, convenience to employment, retail, transit, market factors, and social centers. Arlington has all of these in spades!

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News

Gymboree Expected to Close — “Children’s clothing retailer Gymboree Group Inc. is expected to seek bankruptcy protection this week, with plans to close all 900 of its stores, according to people familiar with the matter.” The company has a Gymboree location at the Fashion Centre at Pentagon City mall. [Wall Street Journal]

A First for the Local Real Estate Market — “The Arlington real estate market for 2018 was essentially flat compared to a year before – while, for the first time, the average sales price of single-family homes topped the $1 million mark.” [InsideNova]


Feature

By Family Law Attorney Galit Moskowitz of Moskowitz Law Group, LLC

Divorce is never easy, but when it involves a great amount of wealth, it becomes so much more complicated due to the amount of property that must be divided.


Event

Bring the whole family to Arlington Mill for an evening of laughs, basketball, and underdog determination with Goat.

This animated family comedy follows a determined young goat chasing his dream of becoming a professional basketball star. Before the movie, kids can enjoy face painting and family-friendly activities, making this one of our most kid-focused events of the summer.


News

As Amazon moves into Arlington, it seems the company is ready to start spreading some of the wealth around to local lawmakers — but, so far, one has already turned down the tech giant’s cash.

Del. Alfonso Lopez (D-49th District) told ARLnow that Amazon sent him $1,000 in late October to back his re-election effort this year, just before announcing that it plans to set up a new headquarters in Pentagon City and Crystal City. In fact, Lopez’s South Arlington district covers some of the locations that the tech firm eventually plans to call home.


Schools

Update at 10 p.m. — Arlington Public Schools will be closed Tuesday.

“Because we anticipate hazardous driving and walking conditions on some neighborhood sidewalks and bus stops throughout the County due to freezing tonight, all APS Schools will be closed,” the school system said. School offices will open at 10 a.m.


Around Town

The vegetable-focused fast casual eatery The Little Beet could soon open a new location in the Pentagon City mall.

The restaurant applied for a permit to bring a new eatery to the first floor of the Fashion Centre at Pentagon City in late December, according to county records.


News

State lawmakers are now setting the wheels in motion to approve at least $550 million in grant money to Amazon, a process that should help seal the deal to bring the tech giant to Arlington.

Legislators in both chambers of the General Assembly have now introduced bills to make good on the deal that Gov. Ralph Northam’s administration helped strike with Jeff Bezos’ firm, promising hundreds of millions in incentive cash if Amazon comes through on its promise to bring 25,000 jobs to Pentagon City and Crystal City between now and 2030.