Highest FARMS rate why? New affordable housing in Rosslyn? |
Partly yes. But basically ASFS was 20% FARMS and it mostly came from the now Innovation boundary. So if you half the school size, it’s at least 40% FARMS right there before the Queens affordable housing build. On top of that, with pandemic, likely many families of means have moved out of townhouses and apartments since commutes don’t matter and space is way more valued. I think a 50% FARMS rate is easily in the cards. Either way almost certainly Title 1, which will drag down housing values. |
They intentionally left Woodbury Park at ASFS to help balance the FARMS rate, so that should be a wash with Queen's Court. New developments will have an impact, though. Longer term probably 40-50%. |
And the homes are in the 1.9-2.3 million range which traditionally moves slower in all zip codes, even DC. |
This is what I concluded too - Woodbury Park is a very large development with a LOT of kids. |
Perhaps. There have been houses two blocks from Innovation that have been sitting for several weeks -- the comps on west lyon village (zoned for ASFS) went much more quickly (less than a week). Hard to tell if its just normal summer slow down or if its the school stuff or if its the Plan Lee Highway stuff. |
What is Plan Lee Hwy stuff doing to Lyon Village? |
There is a proposal to allow the block between 18th St and Lee Hwy (now Langston Blvd) to allow mid-rise apt buildings and other types of higher density housing. This would be the entire block closest to Lee/Langston, not just the parcels fronting Lee/Langston. |
I’m not a fan of the County’s housing policies, and I have wondered the same thing about housing values in the parts of North Arlington where they have decided to site all of the Affordable Housing. I wonder if the demographics in the rest of the school pyramid will keep the housing values stable, combined with a location that is walking distance to the metro. It’s hard to say. I will say- and this is 100 percent anecdotal- I’ve noticed that retirees are buying some of these 2M plus dollar houses- people who aren’t using the school system at all. Maybe all this is my own wishful thinking…. |
dp. isn't it being fought tooth and nail? |
Yes, but it doesn't look like the county cares what anyone who currently lives there thinks. I think one of the people running the meetings even said "Its hard for me to take seriously the concerns of Lyon Village since the majority of us can't afford to live there" or something like that at one of the community meetings. They've walked back some of the more ridiculous parts of the proposal in terms of Lyon Village -- there's no longer proposed duplexes by Kirkwood (I think that area is a electrical substation or a water treatment facility right now, there are big "no trespassing" signs all over), and they aren't proposing knocking down the current apartments that are on kirkwood/lee highway to build higher height newer more expensive apartments. Eastern Lyon Village (the are right north of Innovation) is still proposed to become all apartment buildings. Not sure how they would reconcile that with all the recent construction in that area. |
For some additional context, the Lee Highway (now Langston Blvd) Alliance is sponsored by Dittmar, some real estate firms, and other stakeholders who have a lot to gain from high density development. The proposal includes higher height apartments (7-10 stories or more) at the Lyon Village apartments (by the park) and at the Lyon Village Shopping Center. The owner of these properties is another sponsor of the Langston Blvd Alliance. |
I mean, with the Red Top Cab site development and now this, parts of will be fundamentalist transformed. |
On the grounds of the shopping center? |
The most recent proposal showed the shopping center redeveloped into commercial and a high-rise apartment building. The Lyon Village apartments (next to LV park were shown as higher density apartments, so the residents on N Harvard aren’t thrilled. Mid-rise apartments and other types of higher density housing were proposed from Veitch to N Highland. |