Latest Flood Stats — “As of Tuesday morning, the Department of Environmental Services had received 151 calls about damage to private property, storm drain backups, indoor flooding and roadway flooding; The County also investigated more than 30 drainage complaints.” [Arlington County]
Record-Setting Rain Rate — “The 3.30 [inches of rain] recorded between 8:52-9:52 a.m [at Reagan National Airport] was Washington, D.C.’s highest hourly precip report in records dating back to 1936.” [Twitter]
Driven in part by Amazon’s HQ2, demand for office space in Arlington is on the rise.
That’s according to a new quarterly Northern Virginia market report from commercial real estate services firm JLL, which says “tech demand across the Herndon-to-Crystal City corridor” is leading to more office space being leased than is being built.
Arlington Gets Best View of Fireworks — On a hazy night, Arlington — particularly Rosslyn — had the best view of the expanded D.C. fireworks. Smoke obscured the viewing for many parts of the District. [Twitter, Twitter, Raw Story]
JBG Trying to Lure Big Tech to Arlington — “JBG Smith Properties CEO Matt Kelly recently met with “a handful” of big West Coast tech firms in a bid to entice them to come to National Landing now that Amazon.com Inc. has chosen the area for its second headquarters.” [Washington Business Journal]
A pair of commercial property tax hikes in D.C. may drive additional economic activity in Arlington, according to a new report.
Commercial real estate services firm JLL says higher commercial property taxes in the District — a 2.2% hike from $1.85 to $1.89 per $100 of assessed value — “will cause rent paid by office tenants to jump further, at a time when the market’s supply-demand paradigm strongly favors tenants.”
The former Long and Foster offices in Fairlington may become a preschool.
The real estate company vacated the building at 4800 31st Street S. last year. Now, the Fairlington Villages condo association says the building’s owner has interest from a preschool operator to move in.
Amazon Driving Commercial Property Sales — “An office building and an apartment building near the future Amazon HQ2 campus in Northern Virginia have recently hit the market, the latest in a wave of property owners looking to cash in on rising values from the tech giant’s arrival.” [Bisnow]
Continued Amazon Boost for Residential Real Estate — “The Amazon HQ2 effect continues to drive the Arlington County market. The median price of the 289 sales in Arlington in May was $615,000, up 9.8 percent from a year ago.” [WTOP]
A building in one of the highest foot traffic areas of Rosslyn is getting a big upgrade.
The owner of the Rosslyn Metro Center building at 1700 N. Moore Street announced today that it will be starting construction on a $35 million renovation project later this month. The building, which is next to the Metro station, will also be getting a new food hall and fitness studio.
Polls Open for Democratic Primary — All Arlington voters can vote in today’s Democratic primary. Polls are open from 6 a.m.-7 p.m. You can find your polling place and other information on the state elections website. [Twitter]
Politico Profiles Prosecutor Primary — “One sign that this era of agitated civic life is not merely a reflection of Donald Trump or Twitter is that the agitation has penetrated, of all places, into Arlington County, Virginia. In normal times, Arlington politics are polite and consensus-driven, almost proudly dull.” [Politico]
On Wednesday, June 19 a foreclosure sale of a single-story retail corner condominium is taking place at the Circuit Court of Arlington County at 11 a.m.
Located at 2300 N. Pershing Drive, Unit A, the property is currently operating as a restaurant and approximately 1,723 square feet. The property is configured with about 60% open dining area with a built-in service counter and food display cases separating the dining area from the commercial kitchen. There are 2 bathrooms on premises.
Amid difficulties for American shopping malls, Arlington’s two malls are betting on new eateries to turn more diners into shoppers.
Management at the newly-renovated Ballston Quarter and the Fashion Centre at Pentagon City say elevated dining options — from Ballston Quarter’s trendy local eateries to newer, healthier options at Pentagon City mall — are becoming an increasingly important part of mall design.
A Head Start program for the children of low-income families will have a new home in Arlington.
The County Board on Saturday unanimously approved a lease for Northern Virginia Family Service and its Head Start program, which serves more than 200 children. The program will now be based at 2920 S. Glebe Road, an office building purchased by the county and renovated for about $6.6 million.
County Board Roundup — As expected, the Arlington County Board on Saturday voted to approve a contract for Nauck Town Square, a purchase agreement to acquire Virginia Hospital Center-owned property, and a permit to convert former administrative offices next to Washington-Lee High School to classroom space for up to 600 students.
Adding Amazon Acquisitions in Arlington? — “Keep an eye on what companies Amazon.com Inc. buys next. It could be what fills HQ2. Acquisitions will likely determine what jobs and teams develop at the second headquarters in Arlington, said Holly Sullivan, Amazon’s head of worldwide economic development.” [Washington Business Journal]
