How Will Arlington Benefit From Amazon’s HQ2 Performance Agreement?

In November 2018, Amazon announced that it had selected Arlington County from more than 230 jurisdictions in America as their new headquarters, commonly known as HQ2. This announcement capped a 14-month process that had galvanized Northern Virginia localities to form a multi-jurisdictional partnership in their bid for the headquarters. An article by Northern Virginia Realtors recently reported that Arlington County Board has unanimously approved the County's proposed direct financial incentive to Amazon. This is an annual pay-for-performance grant that is valued at approximately $23 million tied to the company's meeting target of occupying at least six million square feet of office space over the next 15 years. Arlington County Board chair, Christian Dorsey, said that this performance agreement will be a long and productive partnership between Arlington and Amazon. "I view this agreement as a new model of economic development, where most resources are devoted to improvement in infrastructure and developing human capital," he said. Arlington County also committed to using the portion of the new increment revenue generated by the arrival of Amazon within the existing Crystal City, Potomac Yard, Pentagon City Tax Increment Financing (TIF) area to make strategic infrastructure investments in and around National Landing. The TIF revenue is estimated to be around $28 million over 10 years. 3 New Investment Opportunities for Arlington 
  1. Technology- As part of its incentive package, the Commonwealth of Virginia proposed over $1 billion for a Tech Talent Investment Fund. This fund will produce 25,000 additional bachelors and masters degrees in computer and science-related fields throughout Virginia. The Commonwealth will also provide new resources related to computer science education statewide that will be accessible to the Arlington and Alexandria public schools. These resources will include professional development for current and future teachers, high-quality curriculum-related resources, summer and after-school programming for students, and meaningful career exposure and work-based learning opportunities in high-demand fields.
  2. Transportation- The Commonwealth will invest up to $195 million of non-general fund money in new or expanded transportation projects to improve mobility in the region. The planned investment will include New entrance to the Crystal City Metro Station; Improvements to U.S. Route 1 in Arlington County; Pedestrian bridge from Crystal City to Reagan National Airport and a Transitway expansion supporting Pentagon City, Crystal City, and Potomac Yard in both Alexandria and Arlington.
  3. Affordable Housing- With the new revenues generated by Amazon, Arlington and Alexandria will be able to fund affordable housing, workforce housing, and public infrastructure. Together, the two communities plan to invest at least $150 million over the next decade in affordable housing. This will result in the creation and preservation of 2,000 to 2,400 affordable and workforce units in and around the Crystal City, Pentagon City, and Columbia Pike areas and throughout Alexandria.

Properties in Crystal City

Once in a lifetime EXCEPTIONAL opportunity to be able to enjoy Crystal City and DC views with this rare GEM coming on the market. You have the best of two worlds where you can renovate the home and make it your own and the BEST LOCATION. The sellers spent 60 years in the home, loved the convenience and have enjoyed the location every bit (including yearly watching fireworks from DC from their backyard). Just Minutes & convenience to Washington DC, Pentagon, Crystal City, Alexandria Old Town, Reagan National Airport, Amazon HQ2, Virginia Tech campuses, Boing & Raytheon and other parts of Northern Virginia. [600 29th Rd S, Arlington, VA]

Crystal Park Condominiums offer a prime location in the heart of Crystal City, making it an ideal residence for those seeking proximity to Amazon's new Headquarters and the vibrant energy of the area. This spacious two-bedroom unit, originally a 3-bedroom, boasts 1523 sq. ft. of living space, with a thoughtfully designed layout that caters to both formal and informal lifestyles. The main living area is expansive, featuring a wall of custom-built ins that provide ample storage and add to the aesthetic appeal of the space. With east-facing windows, residents can enjoy perfect daybreak and morning sunshine, creating a bright and inviting atmosphere throughout the day. Additionally, an oversized balcony off the main living area offers a perfect spot for outdoor entertainment or relaxation. The eat-in kitchen is spacious and well-equipped, with plenty of room for a café or banquet-style table. Ample counter space allows for easy meal preparation, making it ideal for both casual dining and entertaining guests. The formal dining room seamlessly connects the main living space and kitchen, offering seating for 8+ guests and featuring custom built-in cabinetry for dishware and serving essentials. Both bedrooms are generously sized, with one boasting extensive built-in bookcases and the other serving as a primary en-suite with walk-in closets. Two underground parking spaces and an additional storage unit add to the convenience of living in this condominium. Residents can take advantage of the building's amenities, which include a fantastic pool, library, party room, recreation area, fully equipped gym, and designated outdoor grills. Additionally, the Capital Bike-share Station at the front of the building provides easy access to bike rentals for exploring the surrounding area. The location offers unparalleled convenience, with the Crystal City Metro just five minutes away, the Mount Vernon Trail three minutes away, and Long Bridge Park and Recreation Center nearby. Pentagon City Mall, Whole Foods, Costco, restaurant row along 23rd Street, Arlington County Library, and Reagan National Airport are all easily accessible, ensuring residents have everything they need right at their fingertips. [1805 Crystal Dr #213s, Arlington, VA]

New adjusted price! Planes trains, automobiles, and boats - we have them all! Enjoy Monument and Potomac River views year-round from this spacious two bedroom plus den unit at The Eclipse. You can even see the Nats score board light up during a game! Million Dollar Views, without the million-dollar price tag. Hard to find Monument and River view properties at this attractive price point. National Landing is so close to everything! New Potomac Yard Metro station is just blocks away, as is the new Virginia Tech Innovation Alexandria Campus, and much more! Lots of energy and development in this area, plus you can watch the Fourth of July Fireworks from your own private balcony! Engineered hardwood floors thru out, and unit freshly painted. Lots of large windows and doors to see the Potomac River, Washington DC Skyline, National monument buildings as well as a wonderful view of the Alexandria Masonic Temple from the office window. Living room built-in shelving and Bose surround sound stereo system conveys. There is a large dining room space, and off the dining room is the office with wall shelving and wonderful views. The kitchen features, granite counter tops, stainless steel appliances and gas cooking. Several of the appliances are just a year old and there are lots of counter and storage space. Off the foyer hallway is a newer stackable washer and dryer unit. The owner's suite is large and enjoys a wonderful view of the Washington Monument and DC skyline, not to mention Reagan National Airport and every changing views. There is a walk-in closet with custom California Closet wood built-in system with drawers, shelves and hanging areas. There is a second large closet included in the owner's suite along with a renovated shower, double vanity with granite countertop and side by side showers. Everyone gets their own shower! The second bedroom is an ensuite with full bath, spacious and also affords monument views. Both bedrooms have Casablanca ceiling fans. If you are not familiar with The Eclipse there is an amazing large party room on floor 7 with a theater room, great entertaining spaces, and a spacious outdoor rooftop deck with spectacular views. This area be enjoyed by residents 24/7 if not privately reserved for an event. A wonderful place to unwind and relax and feel like you are on vacation. There is also an outdoor pool, and fitness center on level 2 in building 3650. This unit is being sold with two side by side parking spaces on P2 very close to the elevator, as well as a secure extra storage unit. There are various retail establishments on site as well as a large Harris Teeter grocery store complete with pharmacy, making it so convenient and easy to shop and dine. There is also a private child day care facility on site and a tot-lot for Eclipse residents only. Great lifestyle living! This unit is one of the largest in the development and offers a wraparound balcony with wonderful river, city and monument views. Trains, Planes, Automobiles and Boats! So much activity to watch and enjoy. Come be a part of this growing area and enjoy all the benefits the National Landing neighborhood affords, as well as unknown future developments. Lifestyle living at its best! Spacious unit with river and monument views, garage parking, on-site grocery store convenience and so much more! [3650 S Glebe Rd #456, Arlington, VA]

10 Ways To Find Investment Properties in Arlington

Stuart strikes a pose at the office
Stuart strikes a pose at the office
If you really want the best deals in investment properties, you have to increase your odds by finding more deals. Who is more likely to get a cheap apartment building, an investor that looks through the MLS listings and calls it a day, or the one that uses ten resources? Here are the ten: 1. Talk. Let people know you are looking and sometimes the properties will come to you. There are a lot of owners out there who want to sell, but haven't yet listed their property. Continue reading

10 Tips for Successful Real Estate Property Investment

after eating Primo's
after eating Primo's
Just because real estate prices seem to have hit a temporary ceiling in many countries around the world, that doesn’t mean that profits from property investments are hard to come by. Even during a real estate market slowdown, stagnation or depression profits can be made locally and overseas. This article shows you the top ten tips that real estate investors apply to their property portfolio building strategy to ensure success from their investments. Continue reading

Common Risks Involved in Real Estate Investments

Call Stuart Nesbitt for Northern Virginia Real Estate
Call Stuart Nesbitt for Northern Virginia Real Estate
While a good many millionaires will agree that their fortunes were made in real estate, the honest ones will also tell you that they've probably lost a few fortunes in real estate along the way. This is a risky business and every property purchased doesn't always pan out to become a successful investment. There are many risks involved in real estate investing and you would be going to battle unprepared if you didn't take a moment to carefully study these risks and work to avoid them when planning your property investment strategy. Continue reading

Beautifying a staircase can be a smart move

Many folks consider stairs and hallways as strictly utilitarian — a place to get somewhere else - but these spaces can be great for decorations. Considering that stairs are often one of the first elements home buyers see when they enter the front door of a home for sale, beautifying the steps can be a smart investment. Consider these ideas for making the stairway more attractive:
  • A few tastefully positioned flowers can really stand out on at a stairway
  • Paint a runner in a bold shade of marine paint. Or do it in a pattern, like a stripe or polka dot.
  • Carpet the stairs with a pattern that hides dirt – even if the rest of the house has hardwoods. (As an added plus, carpeted stairs are safer than bare, potentially slick ones.)
  • Tile the risers, the vertical part of the stairs that get scuffed easily.

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