Charlottesville’s Real Estate Blog since 2005.

Clear, Honest Market Analysis. For People, Not Realtors.

Category: Growth

ALBEMARLE

Albemarle Places creeps closer

Albemarle Place is almost ready to break ground, according to the Daily Progress. The 80-acre site surrounding the Sperry Marine facility will eventually hold almost 2 million square feet of leasable space and is projected to include a 150-room hotel, a 14-screen cinema, 780 apartments,…

AFFORDABILITY

Another subdivision meets disapproval

From today's DP - Plans for a major subdivision off Rio Road were rejected Tuesday night by the Albemarle County Planning Commission ... The applicant, Stone-haus Devel-opment, proposed rezoning the area for Belvedere in November 2003 and has worked with commissioners since to get their…

GROWTH

TGIFridays is coming

They must be getting closer to opening ... saw this on Emmet Street today. The HooK said in May Latest national chains: PetsMart, Bonefish Grill, Sakura Japanese Steakhouse & Sushi Bar and TGI Friday's made their Charlottesville debut at Hollymead Town Center, home also of…

GROWTH

Water

Listening to the news last night, John Demorro mentioned that unless we get some rain soon, we could be facing water restrictions. This is not a doomsday prediction, but a very likely reality. The expected rain this week will surely add to the public's complacency.

GROWTH

Drought upon us?

Checking the local water levels here, it would appear that we have no problems with water. Or you go go to the RWSA home page to get more current data. 6/23/05 Reservoir Levels Total % Remaining 98.1% Sugar Hollow Full Ragged Mtn. -1.54 South Rivanna…

GROWTH

Emergency response times limiting development

A six-month-old Prince George's County law that makes new home construction contingent on ample fire and police service has essentially shut down the pipeline of new projects across the county, planning officials say. This is a very interesting article in today's Washington Post, particularly when…

GROWTH

It’s all relative

I think twice about driving more than 15 or 20 minutes anywhere (if said destination is not work-related). I was showing property in the 29 North corridor this afternoon/evening to some clients from Northern Virginia. The husband drives 38 (maybe 48?) miles to work. From…

GENERAL REAL ESTATE

Bubble Talk

USA Today weighs in with front page stories on the News and Money sections today. Another downside to selling real estate is that it is far more costly and time consuming than selling a stock. You'll also lose the tax deduction for mortgage interest. "Stocks…

GREENE

A New Age Restricted Community Is Coming to Greene County

Tuesday dozens of people showed up for the groundbreaking of Greene County's first active adult community. The community will have more than 500 lots and will include a 16,000 sq. ft. clubhouse. Project mangers believe the community will be an asset for the county. From…

AFFORDABILITY

What happens if there is a bubble?

RealEstateJournal | Sales Trends: Five years ago, the bull market for stocks came crashing to a halt after a glorious run. Now, many worry that the roaring housing market may be headed for a train wreck as well. What's the likelihood this could happen? For…

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