Around Town

Good Friday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar.

🕗 News recap

The following articles were published earlier today — Jun 28, 2024.

Since it’s Friday, we’ve also compiled a list of the most-read articles of the week, below.

  1. Electronic dance music street festival coming to Clarendon next month (11058 views)
  2. Severe Thunderstorm Watch issued for Arlington (10769 views)
  3. McDonald’s on Langston Blvd to be demolished, replaced with modernized building (10512 views)
  4. Nearly 1,400 without power due to Virginia Square outage (8667 views)
  5. NEW: Drought warning issued for Arlington (8122 views)
  6. APS students may get a second five-day weekend in November (7741 views)
  7. Third-party candidate announces bid for Arlington County Board (6365 views)
  8. Wagamama opening ‘sooner rather than later’ this summer in Clarendon (6157 views)
  9. Crumbl Cookies reportedly no longer coming to Lee Harrison Shopping Center (5123 views)
  10. Uniqlo, two others coming to Pentagon City mall (4633 views)
  11. Elementary school relocation, APS debt debated as School Board approves $570M CIP (4106 views)
  12. Luxury: Arlington has it in its rental housing inventory (3828 views)
  13. Cold Stone Creamery slated to open next month at Lyon Village Shopping Center (3613 views)

📅 Upcoming events

Here is what’s going on Saturday in Arlington, from our event calendar.

🌦️ Saturday’s forecast

There is a 20% chance of slight showers and thunderstorms in the afternoon, with partly sunny skies and a high of 91 degrees. Expect a south wind between 9 to 11 mph, gusting up to 18 mph. For Saturday night, the probability of showers and thunderstorms increases to 50%, mainly occurring after 8pm. The night will be mostly cloudy with a low of 78 degrees and a south wind between 8 to 10 mph. See more from Weather.gov.

💡 Quote of the Day

“Man is free at the moment he wishes to be.”
– Voltaire

🌅 Tonight’s sunset

The MonumentCam screenshot above is used with permission of the Trust for the National Mall and courtesy of EarthCam.

We hope you have a great weekend, Arlington! Feel free to discuss the most-read stories of the week, the upcoming weekend events or anything else of local interest in the comments. 👋


Around Town

A new spot for hookah and Turkish cuisine is coming to Columbia Pike.

Huqqa Lounge will be the tenant at 2330 Columbia Pike, owner Ahmet Yilidiz told ARLnow, filling the space vacated by Manoukian Brothers Oriental Rugs earlier this year.


Sponsored

This regularly scheduled column is written by Eli Tucker, Arlington-based Realtor and Arlington resident. If you would like to work with Eli and his team in Northern Virginia and the greater D.C. Metro area, you can reach him directly at [email protected].

Question: Does the cost of renting a home in Arlington increase at a similar rate as the cost of buying a home in Arlington?

Answer: The cost of renting and buying a detached home increases at a similar rate, but the cost of renting a condo has outpaced the cost of buying a condo.

Condo Rents Rising Faster than Condo Prices

Since 2020, the cost of renting a detached home in Arlington increased at a similar rate as the cost of buying a detached home; 26% and 28%, respectively.

However, the cost of renting a condo increased significantly faster than the cost of buying a condo; 21% and 6%, respectively.

Sale Price to Rental Rate Multiple Shifts with Interest Rates

The table below shows the average price and $/SF of buying a detached home or condo relative to the average annual rent for a detached home or condo, in Arlington. Higher multiples show that buying is becoming more expensive relative to renting.

Takeaway: Condo buyers are more rate sensitive than detached home buyers and are more likely to rent (higher rental demand = strong condo rent appreciation) than buy (weakened purchase demand = low condo value appreciation) when interest rates increase. Notice how quickly the sale price to rental rate multiple drops from 2020/2021 to 2022/2023 (rates skyrocketed spring/summer 2022). (more…)


Announcement

The Rosslyn Farmers Market brings fresh, locally grown food to the heart of the neighborhood on Wednesdays from 2-6 p.m. beginning on May 6. Located at Central Place Plaza (1800 N Lynn St) and operated in partnership with FRESHFARM, this thoughtfully curated mid-week market connects the community with regional farmers and food producers offering seasonal produce, baked goods, ready-to-eat items, and other local essentials.

Just steps from the Rosslyn Metro station, the market is a convenient destination for Arlington residents, commuters, and visitors searching for a farmers market near Washington, D.C. From farm-fresh vegetables to artisanal breads, the Rosslyn Farmers Market makes it easy to restock your pantry or fridge with dinner-ready staples right in the middle of the workweek.


News

A $1.2 million Lyon Village home has gone up for sale with a planned condition — it can’t be redeveloped as a multi-family residence.

“Prior to settlement, the seller will put in a covenant to restrict the property to a single family residence,” reads the Redfin posting for the four bedroom, two bathroom home built in 1954.


News
Blue Line Metro train (Flickr pool photo by Emma K. Alexandra)

Arlington Dems Going to Convention — “The chair and deputy chair of the Arlington County Democratic Committee are saddling up and getting ready to participate in the Democratic National Convention. Steve Baker and Paul Ruiz won Virginia-at-large national-convention seats during the recent Democratic Party of Virginia state convention.” [Gazette Leader]

Sinkhole Repair in Ballston — From Arlington’s Dept. of Environmental Services: “Road crew performing emergency repairs on Wilson Blvd between N Randolph St and N Stuart due to a sinkhole. Work during daytime hours and may extend through at least Sunday. Open traffic lanes will favor rush-hour directions.” [Twitter]

Trash Collection Change Extended — “Through the end of July, crews will pick up curbside trash, recycling and organics starting at 6 a.m. to take advantage of cooler morning temperatures. Residents should place carts at the curb no later than 5:30 a.m. on their scheduled collection day.” [Press Release]

Reminder: ART Bus Changes — “Starting Monday, July 1, Arlington Transit (ART) will increase fares, discontinue three routes, and add a new route in north Arlington… The ART regular fare will increase from $2 to $2.25.” [Arlington County]

Police Pride Event — “During the final days of Pride Month, Arlington County first responders spent the day talking — and celebrating — with LGBTQ+ community members. The Arlington County Police Department (ACPD) hosted the 4th annual Pride with the Police event at Freddie’s Beach Bar alongside fire, sheriffs and other emergency personnel. Among their goals at the event was to promote their LGBTQ+ Liason Team.” [DC News Now]

Arlington Company Acquired — “Arcadia, a leading data platform for healthcare, today announced the acquisition of CareJourney (based in Arlington, VA) – a top provider of clinically relevant healthcare data and AI-powered analytics and insights with data across 300M beneficiaries and 2M providers… CareJourney (now CareJourney by Arcadia) has been led by Aneesh Chopra, the first U.S. Chief Technology Officer (appointed by President Obama), and Dan Ross, Co-Founder and CEO.” [Globe Newswire]

It’s Friday — Expect a mostly sunny day with temperatures reaching around 84 degrees, accompanied by a gentle 8mph breeze coming from the northeast and shifting southeast later in the afternoon. Cloud cover will increase during the night, bringing temperatures to a low of around 71 degrees, with southeast winds ranging from 6 to 10 mph. [NWS]

Flickr pool photo by Emma K. Alexandra


Around Town

Good Thursday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar.

🕗 News recap

The following articles were published earlier today — Jun 27, 2024.

📅 Upcoming events

Here is what’s going on Friday in Arlington, from our event calendar.

☀️ Friday’s forecast

Expect a mostly sunny day with temperatures reaching around 84 degrees, accompanied by a gentle 8mph breeze coming from the northeast and shifting southeast later in the afternoon. Cloud cover will increase during the night, bringing temperatures to a low of around 71 degrees, with southeast winds ranging from 6 to 10 mph. See more from Weather.gov.

💡 Quote of the Day

“In the middle of difficulty lies opportunity.”
– Albert Einstein

Thanks for reading! Feel free to discuss the day’s happenings in the comments.


News

The Pentagon City Sector Plan, which the Virginia Court of Appeals voided last month due to insufficient public notice, is heading back to the Arlington County Board for another vote.

However, county staff have indicated that they do not intend to make any substantive changes to the plan, suggesting that the construction of several controversial apartment towers at the RiverHouse property is still likely to proceed.


News

The UPS Store in Clarendon has closed its doors ahead of proposed changes to the building.

A series of tipsters have contacted ARLnow in recent days about the store’s closure at 3033 Wilson Blvd, next to the just-opened Láylí Mediterranean restaurant.