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Old 01-10-2011, 02:46 PM
 
7 posts, read 14,841 times
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It seems like the few blocks of Buckingham right near Ballston are being completely transformed. 30 or so luxury townhouses have been built and I believe within the next year and a half from Glebe to N George Mason b/w 4th and Henderson there will be something like over a 100 luxury townhouses (675k-1m) from over three parcels of land. Basically, seems like a pretty dramatic change, basically an entirely new neighborhood being constructed. So curious to hear how this will all probably play out....

Any views on the Buckingham Commons luxury townhouse development? Has the area overcome a reputation of being somewhat crime-ridden? What can we expect about the dynamics between lower-income residents and the new high-income residents? Will this area see good appreciation in value/e.g. would it be a good investment (given proximity to Ballston amenities etc.)?

Any views on this development would be appreciated!
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Old 01-10-2011, 06:37 PM
 
Location: Metro Washington DC
13,028 posts, read 19,859,929 times
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I think the lower income people in that area are getting pushed out by the expensive new development. Wish I could afford something in that area since one of our jobs is nearby. The area does appear to be gentrifying somewhat, but it wasn't all that bad before that all started. There still is plenty of the older less attractive apartments a few blocks away though.
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Old 01-10-2011, 07:21 PM
 
Location: Novastan
384 posts, read 899,679 times
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I've looked at that development and I considered it. At that price range, I could buy something in a more established neighborhood in a nicer part of Ballston. I don't think they are a 'deal.'
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Old 01-11-2011, 10:52 AM
 
7 posts, read 14,841 times
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Quote:
Originally Posted by Pandoras View Post
I've looked at that development and I considered it. At that price range, I could buy something in a more established neighborhood in a nicer part of Ballston. I don't think they are a 'deal.'
interesting view...I found the development interesting, because I didn't notice much else in Ballston of similar size and quality. What are the other options for things in similar/higher price ranges in terms of newer construction townhomes (last five years), with high-end finishinings, between 2000-3000 sq. feet in the nicer parts of Ballston?

The only things comprable I noted, in an admitted better location, were the Bromptons built in late 1990s, but they cost an average of 90-150k more for comparable units when they are on the market.
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Old 01-11-2011, 05:21 PM
 
Location: Novastan
384 posts, read 899,679 times
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I looked at older townhomes in Ballston, not new construction. And the location roughly north of Fairfax drive around the Nature Conservancy. I don't think there is much on the market now. I looked at these places in Fall 2010.
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Old 01-12-2011, 01:02 AM
 
54 posts, read 93,410 times
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It's kinda sad how Arlington is gentrifying. I used to live in Arlington, but you can't find any place to live anymore.
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