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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.

If you are in the market for a new Arlington condominium today, bring a flashlight. There is absolutely nothing to see and it’s a total ghost town. This isn’t a lack of buyer interest. I start by blaming the lingering, multi-year COVID hangover where no projects got designed, financed, or approved for several years since we didn’t know if the world would continue. Construction costs then further paralyzed commercial real estate and rising interest rates also crashed the party. No model units exist, no fancy preview sales offices or even a basic website landing page.

Want a place under 1,500 square feet? Pack your bags for Alexandria. Want a completely different suburban vibe? Enjoy the commute from McLean or Reston. The big local guessing game is simple. Who actually crosses the finish line first? Will it be 1501 Langston Boulevard? The upcoming tower at One Rosslyn? Or the old Key Bridge Marriott site known as Potomac Overlook?

Place your bets now. None will begin before roughly 2029 if all goes well.

If you are in the market and don’t want to wait until 2029 for these new communities to make a buying decision, you might consider the latest luxury condominium in Arlington in Rosslyn, Pierce. This stunning community sold out in 2024 and there hasn’t been another new condominium community since. Let’s look at some of what the community offers.

A Real Option: Pierce

With 104 residences spanning 27 floors, Pierce offers expansive floor plans with premier interior finishes. At the height of sophisticated condominium living in Rosslyn, it boasts showstopping Potomac River and DC skyline views through dramatic, floor-to-ceiling windows, generous private balconies, high-end finishes, and excellent floor plans. It has some of the best views in town and has aged well. Full disclosure on the building management: My friend is the board president and my company hired the resident manager so the building is run flawlessly. The finances are actually in order.

The Bragging Rights (By The Numbers)

Buying here requires serious financial muscle. Of the 104 residences, 38 were under $1.5M, 51 were from $1.5M–$2.5M, and 15 were over $2.5M. Pierce’s average size is 1,894 sq ft, making the average price $1,910,000. With an average price per square foot of $1,033/sq ft, it is one of the top five residential buildings in Northern Virginia.

Who Lives There

The typical buyer isn’t a single 20-something. 65% of the buyers were couples and the average age among the buyers was 53. 35% were from Northern Virginia and another 33% were from out of the area, which was driven by the volatile job market during COVID. 65% of those buyers in Virginia were already in Arlington and 20% were retired. Just 13% actually commute into DC so Northern Virginia’s economy is doing just fine. About 60% used a trusted agent to make their purchase and that is typical across all similar new communities.

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Around Town

A new Middle Eastern restaurant and hookah lounge has opened in Bluemont.

Ya Hala Bistro, located where Layalina Restaurant used to be at 5216 Wilson Blvd, hosted a soft opening last Saturday and is planning a grand opening in the coming weeks.


News

The Arlington intersection just before Chain Bridge is set for some upgrades.

The proposed $1.1 million project “focuses primarily on upgrading the outdated traffic signal at the intersection of North Glebe Road and Chain Bridge Road as well as installation of a reversible lane control system to improve safety for vehicles approaching and travelling over Chain Bridge,” according to a report to the Arlington County Board.


News

It’s Election Day — Polls are open from 6 a.m.-7 p.m. today, with a number of local races on the ballot. Check out the candidate essays we published last week from those in competitive races. [Arlington County]

Fewer People Voting = Better? — From a newspaper editorial that has been getting some attention on social media: “With ‘Election Day’ having now morphed into ‘Election Season,’ we’re a little late to make this plea – and run the risk of being accused of ‘voter suppression’ as we do – but we’re still going to say it. We think those who are not willing to do the homework on Arlington’s local campaigns (the County Board races being the only ones seriously contested in 2023) and bring an informed perspective to the ballot box should do the broader community a favor and sit them out.” [Gazette Leader]


News

The outer structure of George Mason University’s $235 million expansion project in Arlington is complete.

The university celebrated the “topping out” milestone last Friday with tours of the under-construction FUSE at Mason Square structure on its Virginia Square campus.


News

(Updated at 4:15 p.m.) Someone splashed red paint and scrawled messages in red letters on the outside of the Arlington Tower building in Rosslyn.

The extensive graffiti was discovered this morning on the front of the office building at 1300 17th Street N., which notably housed then-President Donald Trump’s 2020 reelection headquarters.


Feature

Sponsored by Monday Properties and written by ARLnow, Startup Monday is a weekly column that profiles Arlington-based startups, founders, and other local technology news. Monday Properties is proudly featuring Three Ballston Plaza

Amid new federal efforts to push for the adoption of electric vehicles, a local software firm is helping truck fleets, property owners and utility companies electrify.