GMU Arlington Campus Expanding
GMU announced plans to tear down one of its four Arlington buildings to construct a 400,000-square-foot building. The new building will house classrooms, computer labs, short-term housing, an Institute for Digital Innovation, and a newly established School of Computing. Read More at ARLnow
Arlington Houses Continue To Get More Expensive Long & Foster‘s September market snapshot shows 193 sales in Arlington (down 13% from last Fall) and 268 homes on the market (down 52% from last Fall). The median September price was $590,000 (15% more than last Fall). Click for story at WTOP
A forewarning of steep County Property Tax assessments and tax increases if rates remain constant or increase.
The October meeting featured three of the four County Board candidates running for the two open seats. Arron O’Dell did not attend.
Christian Dorsey (incumbent Democrat) Website
Katie Cristol (incumbent Democrat) Website
Audrey Clement (Independent) Website
Arron O’Dell (Independent) Website
LV Ranks 3rd in VA for High Rents
Data from RENTCafe lists Lyon Village as the priciest in Virginia, with an average monthly rent of $2,420, rising 5.44% year-over-year. Rosslyn is in first place. Story at ARLnow
Massive Redevelopment Plan Announced for Crystal City
Plans include redevelopment of approximately 2.6 million square feet of space across five multifamily buildings and one office building, upgrades to Route 1, and possible removal of overpasses near the Crystal City Metro station. Read story at ARLnow
Annual Real Estate Update
Neighbors gathered for a lively discussion over wine and cheese, to talk about the current real estate market and its impact on Lyon Village. A primary focus of the meeting was “Knowing Your Value.”