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Real Estate
Reply to "Giving up on North Arligton... Is South Arlington going to improve?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Sorry sweetest, but market rate for the corner of GM and Pike is not going to be high or luxury by any means. Perhaps not as "affordable" as the slum across the street, but no one is going to live in that ugly busy corner surrounded by cheap housing, send their kid to an overcrowded title I school and pay top dollar. Perhaps if they got rid of the rental truck parking lot, 7/11 and ugly strip mall across the street they could attract some middle income people. [/quote] Ever checked out 5500? [/quote] Of course they haven't. They probably don't know what it is. They also haven't looked into the Pike 3400 apartments that will be located at the next intersection up. Those would be studios for 1600 up to two bed two bath between 2600-3600. 5500 Columbia pike is located even further down the western end of the Pike and commands the same scale. This new building at this intersection will be priced similarly. Please compare that with Barcroft across the street. I believe a three bedroom can be rented at 1500. Yes, that's right honey. This new building will have studios that rent for 1600, and across the street there are crumbling garden apartments that rent the same price for a three bedroom. All that means is that Barcroft's days are numbered. Look to see this part of the Pike developed along the lines of Penrose. [/quote]
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