Assessments are expected to rise this year as the real estate market improves. The Sun Gazette reports that the average home sale price rose 4.6 percent in 2010.
Property owners who want to challenge their assessments should be able to do so via an online form any time before March 1, although the form does not appear to be online at the moment. More information on real estate assessment appeals is available here.
The business plans to cash in on its prime real estate and relocate.
“This is not a going out of business,” Diffee said emphatically. “The property is for sale, the business is not.”
Zimmerman said unemployment and office vacancy rates have stayed low, while “our real estate values have held better than pretty much any place else.”
According to Blue Virginia’s video, Zimmerman went on to say say that it’s not just Arlington’s proximity to D.C. that has helped it remain prosperous.
R&B Songstress Mya Spotted in Clarendon — Mya Harrison, of hip hop, R&B and acting fame, was spotted getting her hair and makeup done at Kavenchy Spa Salon (1025 North Fillmore Street) in Clarendon yesterday. Mya was getting ready to shoot a music video in the District, reports Yeas & Neas.
Real Estate Predictions For 2011 — Local Realtor Laura Rubinchuk has released her predictions for the Arlington real estate market in 2011. Expect flat prices, sluggish sales, fewer foreclosures and more groundbreakings, says Rubinchuk.
Most Elaborate Christmas Display in Arlington? — Blue Virginia has a video of what may be the most elaborate Christmas display in Arlington. It’s located on North Quebec Street, between Lee Highway and 17th Street, in Cherrydale. Let us know if you’ve seen anything better.
Pentagon Row Sold — The collection of stores and apartments known as Pentagon Row has been sold for a relatively low $14.9 million. Vornado Realty Trust sold the complex to Federal Realty Investment Trust, which also owns the Shirlington Village shopping center. More from the Washington Business Journal.
Believe it or not, this run-down building at 3600 South Four Mile Run Drive has only been vacant for a couple of weeks.
Alberici Constructors, which recently wrapped up its work on the expansion of Arlington’s Water Pollution Control Plant, had occupied the building and the surrounding lot and the for nearly four years. Although the property is now vacant, it’s still leased through early next year, when the plant’s final construction phase is expected to conclude.
Seven out of 17 awards went to Arlington properties.
The big winners included Courthouse’s new Fire Works Pizza restaurant and the county’s new Dept. of Human Services office, which both won awards for best interior.
The retail space formerly occupied by Cherrydale Clockworks is up for lease.
Anyone interested in opening up shop on Lee Highway can lease the 1,600 square foot space for a relatively cheap $1,995 per month (good luck finding a 1,600 square foot apartment with a monthly rent below $2,000). Plus, the lease comes with two parking spaces in the rear of the building.
The plan may also involve the building of office space above or in place of the current Macy’s department store.
No timeline was given for the renovations. Ohio-based Forest City Enterprises owns the 580,000 square foot mall, which attracts 1,000,000 visitors per year.
Happy Columbus Day — Normally-clogged commuter routes are clear as government employees and many private sector workers have the day off to celebrate Columbus’ discovery of the New World. Arlington government offices are closed, as are all library branches. It’s expected to be the hottest Oct. 11 on record in the DC area, so if you have the day off, get outside and enjoy it.
Blue and Orange Line Cut in Two, No Major Problems — Commutepocalypse didn’t quite go the way some media outlets expected. More from TBD.
The firm that operates the underground shops at 2100 Crystal Drive wants to take 5,661 square feet of open retail space and convert it to office and storage use. But that would come at the expense of a vacant 17,919 square foot space that, until 2005, housed a Safeway store. The landlord has been trying to find another grocery tenant, but has been fighting a strong headwind caused by the weak national economy and the imminent departure of 13,000 jobs from the Crystal City area.
Essentially, the request to convert vacant space to an office use is a white flag — an admission that after five years of trying to market the space to grocery stores, leasing agents have come to the conclusion that no one wants to run a 17,919 square foot grocery store in the Crystal City underground at this time. While keeping open the possibility of a smaller, Trader Joe’s-sized market, the landlord is trying to find a way — any way — to productively fill some of the excess space.
Crystal City Serves Up Latin Flare — On Sunday, food and wine lovers flocked to Crystal City for the consumption bonanza known as Vintage Crystal. Now in its fourth year, Vintage Crystal continued last year’s Latin theme. There were South American wines, tequila tastings, salsa dancers and lots and lots of food. See more photos on Flickr.
Capital Bikeshare Gets New York Times Write-up — The Old Gray Lady spent some time in Arlington recently to preview the Capital Bikeshare system, which officially launched yesterday. Not content to give Arlington and DC all the spotlight for hosting the largest bike share system in the country, the Times noted that New York is studying a possible bike sharing program of its own: 30,000 bikes, nearly 30 times as many as Washington’s modest collection of 1,100 custom-designed Capital Bikeshare cycles. More from the New York Times.
