real estate | ARLnow.com

New Office Buildings Planned for Clarendon

Published June 17, 2011 at 2:13PM | Updated June 17, 2011 at 5:16PM

New details have been released about a major office development in Clarendon.

Real estate investment firm Penzance says it’s about to complete its final site plan filing with Arlington County for the block bordered by Washington Boulevard, 11th Street, N. Highland Street and N. Garfield Street. Penzance wants to turn the block — which currently contains a bank, a bar, a used car dealership, a cemetery monument manufacturer and other small businesses — into a 300,000 square foot office development, complete with a 10-story office building, an 8-story office building, ground-level retail and a four-level underground parking garage.

Around Town

Dr. Dremo’s Seeking Investors for New Location

By ARLnow.com

Published June 17, 2011 at 11:37AM

The Washington Business Journal first reported that Andrew Stewart is eying a 6,000 square foot space somewhere in Clarendon. The exact location has not been revealed.

Stewart has come close securing a new location for Dremo’s several times, but to no avail. In an email to potential investors, Stewart says he hopes this time will be different.

Around Town

Pricey Rent at Ballston Common Mall

By ARLnow.com

Published June 7, 2011 at 11:15AM

Arlington County leases a 3,119 square foot store, on the second floor near the entrance to Macy’s Furniture Gallery, to house the Woodmont Weavers program. The privately-run but publicly-funded program allows adults with cognitive disabilities to learn how to weave, to sell their creations (placemats, pillows, totes, scarves, hats, etc.) and to earn a wage in the process. The county subleases the space to St. Coletta of Greater Washington, which runs the program on behalf of the Department of Human Services, for a nominal $1 rent.

On Saturday the board is expected to approve a lease and sublease renewal for the mall storefront. According to the staff report, the base rent for the store from Nov. 1, 2011 to Oct. 31, 2012 will be $67,528.80 per year. Add in taxes and utilities, and the expected annual cost rises to $93,911.40.

News

National Science Foundation Mulls Move to New HQ

By ARLnow.com

Published May 31, 2011 at 2:29PM | Updated May 31, 2011 at 5:47PM

The former National Science Foundation headquarters (file photo)

The National Science Foundation currently employs about 2,100 people at its Ballston headquarters, according to a spokeswoman, but the government agency has indicated that it is potentially interested in moving to a new building when its lease expires in 2013. NSF would like the new space to be about 25 percent larger than its current location at 4201 Wilson Boulevard, and about 12.5 percent cheaper per square foot than the current comparable office rent in Ballston, according to the Washington Business Journal.

The federal government’s office rent cap in Northern Virginia is $38 per square foot, compared to the average Ballston Class A office rent of $43.47, according to WSJ. That has led to speculation that NSF might leave Ballston altogether.

News

Colony House Furniture to Become Hotel

By ARLnow.com

Published May 26, 2011 at 9:36AM | Updated May 26, 2011 at 10:18AM

The recognizable building has been sold to the B.F. Saul Company, the Bethesda-based developer behind the recent Clarendon Center project. Last week representatives from Saul presented their redevelopment plan to the North Rosslyn Civic Association. Under the plan, an eight story extended stay hotel will be built on the 1.2 acre site at the corner of Lee Highway and N. Quinn Street. The hotel will include eight stories of guest rooms on top of two stories of above-ground parking.

(The parking must be built above ground since the site sits on solid rock. The building will technically be ten stories high from the Lee Highway side, but will only be considered eight stories due to the steep elevation near the rear of the site.)

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Arlington #39 on Highest Property Taxes List

By ARLnow.com

Published May 23, 2011 at 4:14PM | Updated May 24, 2011 at 12:32AM

While that figure is relatively high, Arlington’s taxes are relatively low by other measures. Arlington residents paid a median 3.46 percent of their income in property taxes, which is only the 328th highest rate in the country. The percentage of one’s home value paid in property taxes by Arlington residents between 2005 and 2009 was 0.77 percent, the 1523th highest rate in the country.

Alexandria residents paid less in property taxes — $3,827 per year — but actually paid more as a percentage of home value — 0.78 percent. In terms of income, however, Alexandria residents paid less than Arlington — 3.33 percent of income.

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Mixed Signals in Local Real Estate Market

By ARLnow.com

Published May 11, 2011 at 10:59AM

According to real estate web site Zillow, real estate list prices in Arlington were up 8.6 percent year-over-year in April, but the web site’s estimate of home values in Arlington was down 2.5 percent year-over-year as of March. That’s consistent with a nationwide downward trend, as reported by the Wall Street Journal.

According to an accounting by the Sun Gazette, home sales in Arlington are down while both average and median sale prices were down year-over-year in April. By contrast, Northern Virginia as a whole saw a continued rise in sale prices.

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Morning Notes

By ARLnow.com

Published May 10, 2011 at 9:01AM | Updated May 10, 2011 at 9:17AM

Trail Parking — This car chose an interesting place to park — on a stretch of trail between the county’s new Dept. of Human Services building and Washington Boulevard.

Snakehead Fish Invade Four Mile Run — Predatory snakehead fish have invaded the waters of Four Mile Run, between Arlington and Alexandria. There’s concern that the so-called “frankenfish” could kill off native fish in the stream, as it has decimated native populations of bass and shad in the Potomac. [WJLA]

Around Town

Bromptons at Cherrydale Nears Completion

By Katie Pyzyk

Published April 29, 2011 at 4:11PM

Originally, all of the 22 condo units were under contract in 2004. But progress stalled in 2006, when the county issued a stop-work order due to the building being structurally unsound. The developer, Ed Peete Company was given the opportunity to remedy the issues or demolish the structure. After some waffling, Ed Peete chose demolition, but the deadline for that came and went in July 2008.

While this was being hashed out, the building sat vacant for years. A flurry of lawsuits followed, including those against contractors and engineers hired by Ed Peete. Ultimately the developer decided to keep the structure and reinforce it as part of a settlement reached in 2009.

News

Morning Notes

By ARLnow.com

Published April 21, 2011 at 9:09AM | Updated April 21, 2011 at 10:01AM

Empty Courthouse Office Building for Sale — The big, white Verizon office building at 1320 N. Courthouse Road is actually vacant — and for sale. After nearly 30 years as a tenant, Verizon left its offices in the building. The owner is now seeking interested buyers or joint venture partners. [GlobeSt.com]

Westover to Hold Easter Egg Hunt — Children 9 years old and younger are invited to participate in Westover Village’s Easter egg hunt on Saturday. The event is being held from 10:00 a.m. to noon next to the Westover Library. Admission is free and yes, the Easter Bunny will be there. [VisitWestover.com]

News

Morning Notes

By ARLnow.com

Published April 14, 2011 at 5:00AM

Route 50 Interchange Project Nears — In March, we were told that the lane closure on westbound Route 50 would finally be lifted by around this time. That’s still yet to be seen, but some new closures are just around the corner. Dr. Gridlock reports that VDOT plans to start construction on a new Route 50/Courthouse Road/Fairfax Drive interchange next month, with nightly traffic disruptions. The $39 million project is expected to wrap up in Fall 2013. [Dr. Gridlock]

Arlington’s Fuel Bill Going Up — Arlington County could spend hundreds of thousands of additional dollars on gasoline this year, thanks to rising gas prices. The county’s vehicle fleet — which includes fuel-sipping Toyota Priuses — consumes about a million gallons of gas every year. [Washington Examiner]

News

BREAKING NEWS — Budget Will Hold Tax Rate Steady

By ARLnow.com

Published April 13, 2011 at 11:26AM | Updated April 13, 2011 at 12:13PM

At a work session yesterday, the board instructed County Manager Barbara Donnellan to hold the tax rate steady at 95.8 cents per $100 in the final budget.

“They’re sticking with their initial guidance of no real estate rate increase,” county spokeswoman Mary Curtius confirmed this morning.