Sure maybe he’s wealthy, but from daycare — which famously underpay their workers. |
They charge extra for early dropoff and late pickup. |
This would be projecting if I lived in a house that looks like Tara in the movie of Gone With the Wind, I guess? But I don't. |
Will they lease the land to county and allow goverment housing on the property? A free daycare, a homeless shelter for families, etc? |
"Government housing"??? |
Commercial daycare that has many customers paying $$$$$ and staff is paid $. 1.17 acres so that would get the same number of units as a lot that is 25% or less the size under missing middle? That lot could have parking for 8 vehicles plus garage spaces holding 1-2 cars per unit. Lot size is unusually large but a 40,000+ sq foot lot gets the same units and vehicles as a 8000 sq foot lot? Redfin also has a sale for it for 1m on 1/31/23 which matches the ARL county property website. $2.55m in 2023 List price started at 3.6. https://www.redfin.com/VA/Arlington/2561-N-Vermont-St-22207/home/11230323 Aerials for the property are available https://geocortex.arlingtonva.us/Html5Viewer/Resources/3rdPartyMaps/Pictometry_public.aspx That thing could have well over 10 units but whatever. ARL missing middle is whacky on lot sizes. Maybe it will be 8 townhouses at 1.5 m plus /unit? It could be 5 SFH at 1.8? |
You are sure making a lot of assumptions about this couple. Why do you assume it's the husband who is wealthy? Why do you assume it's just from daycare? |
No one assumes the $ are solely from daycare profits. The main point of reviewing what can be built on the 1.17 acre lot is the fact that the ARL persons in charge had no common sense on lot size and what can be built by right zoning. From number of units to access, parking, vehicle count. |
PP was definitely making assumptions about who was wealthy and why. They are presumably both attorneys given that they met in law school. There are a billion wealthy attorneys in Arlington. Interesting that the PP is questioning how this particular couple gained their wealth. Zoning is a different topic than the comments above. |
The article implies he made his wealth running daycares. His wife works with him. He’s the entrepreneur from the article. |
If you own multiple centers, maximize occupancy and minimize expenses, you can make a lot of money. Waitlists are long enough that you can still fill centers with people who need to return to work before getting in anywhere better. |
There are two lots: sold for $1 - 51,062 sq ft - SFH https://propertysearch.arlingtonva.us/Home/GeneralInformation?lrsn=6212 sold for $1.55 - 11,145 sq ft - vacant https://propertysearch.arlingtonva.us/Home/GeneralInformation?lrsn=6213 Many options... |
Wow, it’s so gross it’s that profitable when they pay so little. I remember seeing a sign in Bright Horizons saying something like “You may not make much wealth, but seeing the children thrive is your reward” or something like that in staff bathroom. I understand they are for profit but not to that degree. |
I think Bright Horizons are on the better end. I was thinking down a tier where the tuition is roughly the same, but the teachers are paid less and less is invested in the centers |
I don’t believe the story that neighbors questions and attitudes are driving them to build MMH. No one makes a 2.5 million decision based on a few conversations- or if they do, they aren’t very smart. With this guy’s business background, that’s unlikely. So this is his “cover” claim racism in Arlington and everyone’s got your back and no will question you. Regardless, verified home builders stayed away from this parcel; I think that says something about how hard it will to be build something and make a great profit. The lot is essentially a giant hill, it’s going to be really hard to build on that. |