Bright and early this morning, Lady Liberty in repose rolled into Arlington on a flatbed truck.
Then, the turquoise lady was lifted by a crane onto the front lawn of the Museum of Contemporary Art Arlington (MoCA), the county’s recently rebranded art museum at 3550 Wilson Blvd.
GW Parkway Back Open — “It took four days of work, but all trees have finally been cleared from the George Washington Memorial Parkway. The parkway’s northern section between the Capital Beltway (I-495) in McLean and Spout Run Parkway in Arlington reopened at 9:45 a.m. [Wednesday].” [FFXnow]
Street Sweeping Starts Soon — “Street sweeping removes accumulated debris and pollutants such as sand, salt, metals, petroleum products and bacteria before they wash into streams, the Potomac River and the Chesapeake Bay. Neighborhoods in Arlington are swept four times a year in August, October, April and June.” [Press Release]
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.
Good Wednesday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar.
The following articles were published earlier today — Aug 2, 2023.
A girl was sexually assaulted by a man who broke into her home in the Ashton Heights neighborhood early this morning, according to police.
The incident happened around 1 a.m. on the 300 block of N. Glebe Road.
Join us for Pike Fest, Columbia Pike’s signature fall festival, on Saturday, October 10!
Celebrate everything that makes Columbia Pike one of Arlington’s most vibrant and diverse communities with an afternoon full of live music, delicious food, family fun, and local shopping. From incredible restaurants and food vendors to artisan makers, community organizations, and small businesses, Pike Fest is your chance to experience the very best of the Pike all in one place.
Arlington Forest teen Daniel Meyer is jetting off to Indonesia this weekend to represent the U.S. in an international geography tournament.
The rising senior at Thomas Jefferson High School for Science and Technology is one of four students in Team USA competing in iGeo, or the International Geography Olympiad, next week.
Meet Roy Lee, a beautiful black cat who is the newest Adoptable Pet of the Week!
This is what his foster parents had to say about him:
(Updated at 5:15 p.m.) One pocket of Arlington County has the most office space on the market and seeking tenants in the D.C. area, according to a new report.
A submarket made up of Courthouse, Clarendon and Virginia Square tops the charts for its “availability rate” — which includes any offices that can be leased now or in the next year — because of its high concentration of older office buildings.
A mother-daughter duo, originally from Ukraine, are offering Eastern European beauty services in Clarendon.
Natalia Vyberg and her daughter Anna moved to the U.S. four years ago. Upon their arrival, the duo opened two salons in Northern Virginia: Beauty Bar Lashes and Beauty Bar Nails.
(Updated at 5 p.m. on 7/3/23) Arlington Independent Media is Arlington’s public access TV channel, its community radio station, and a media training provider.
Under its current leadership, AIM — which was founded in 1982 — is trying to broaden its reach and uplift diverse residents. Reaching this goal, however, is hampered by messy finances: audit reports from 2018-19 show it has been losing money, while its 990s are behind schedule and staff are not getting paid on time.
