Reply to Barcroft or Randolph ES Arlington?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Mixed income costs the AH developers more so they claim they cannot or won't do it. The financing gets complicated.

Even market rate along the pike is cheap. The new luxury apts that will go up at the Food Star site will be dirt cheap compared to North Arlington. We'll see if the developer can even rent everything out.

No one who can afford a decent apartment in a good neighborhood will live along the west end of the Pike. why should they?[/quote]

No. Sorry. You don't know what you are talking about. 
Food star will a luxury building. 2 bedrooms will be around 2500. That's not going to be for cab drivers and constructions workers. 
It will not command the premium the orange and blue lines can charge, but it will not be "dirt cheap "  in comparison. 
Take a look at the condos at west village on four mile. They are Right next to the crappy Barcroft apts, and it's out of reach for many people. A 1 bed 1 bath is around 325k. 
Families considering renting a 2 bedroom at Pike 3400 will be in the 2500 range.
I've seen it written before that Foodstar will  be cheap housing. 
Take  a moment to look into similar housing in that area. It will clear up your confusion. 
[/quote]

The Halstead at Walter Reed and the Pike was asking about $2700/month for a 2 bed 2 bath a few years back and its mostly gone up.  Wildwood or Infinity might offer cheaper rents, but the rent overall on the Pike has gone up. Barcroft only does month to month and raises the rent whenever it feels like it. The difference between the new buildings and the old is that with the key fobs and income requirements, its much harder to have one person rent and have several people live in the unit. When I first started out and lived near Four Mile Run, I could afford a 1 bedroom, but most of my neighbors were large families or multiple people starting 1 and 2 bedrooms. It worked because there was no front door - each building had its own card entrance. Of course, only 3 people per lease could get a key card and so they would just randomly call units and ask to be let in. The building was bursting with people.

The nicer buildings would avoid that because they are out of reach of most low income people, but barely in reach of the young working people. You might see some young families in them too now, South Arlington remains a great deal for a commute into the city.[/quote]

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