tag:blogger.com,1999:blog-6246743662284890173.post8400020484007723192..comments2023-09-16T04:58:07.261-04:00Comments on the Annandale Blog: Heritage Mall redevelopment project outlined at community meetingAnnandale Bloghttp://www.blogger.com/profile/07543558586252790593noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6246743662284890173.post-51078098129610188612016-03-08T21:19:24.394-05:002016-03-08T21:19:24.394-05:00Thank you. Yes, the off-lease, i.e. illegal, suble...Thank you. Yes, the off-lease, i.e. illegal, sublet bedrooms in the nearby apartment could very well go for $750 a month and I should have included the that fact as well as the fact that the two car garages will also probably be sublet as apartments which will make them not available for vehicles. But only getting $24,000 per year profit, or only $12,000 profit a year for that matter, plus accrued equity and appreciation, does not change the fact that this development will definitely become low income, transient, essentially commercial, boarding houses, not owner/occupied residential dwellings and not the mixed use that the Plan anticipated and that is why this out-of-turn amendment is necessary and sadly misrepresented by the promoter. The 200 units were never available to the developer in the real world, only in the make-believe world of land use professionals who care nothing for neighborhoods in Mason District or truth for that matter. Who is letting this happen to us?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6246743662284890173.post-51726802810963312842016-03-07T10:18:09.277-05:002016-03-07T10:18:09.277-05:00The going rate for an "off-lease" sublet...The going rate for an "off-lease" sublet bedroom in the nearby apartments is closer to $750/mo, than $1500/mo. (I know because I work with this population.) So cut your numbers in half and see if they still add up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6246743662284890173.post-22765801118283275912016-03-04T11:34:35.593-05:002016-03-04T11:34:35.593-05:00It is not about living in that spot, it is about s...It is not about living in that spot, it is about selling and buying in that spot. Monthly mortgage plus expenses: $2000. Three tenants at $1500 a month (60% affordable housing) each + no effective code compliance: $4500 a month. 4 tenants: $6000 a month, profit $4000 a month. Annual profit $48,000 a year. The real question is why everyone wouldn’t want to pay those prices to buy in that spot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6246743662284890173.post-8594478480360929422016-03-03T14:32:41.333-05:002016-03-03T14:32:41.333-05:00I just don't understand why anyone would pay t...I just don't understand why anyone would pay those prices to live in that spot.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6246743662284890173.post-32342544617112387652016-03-03T13:17:39.418-05:002016-03-03T13:17:39.418-05:00The Annandale town center area has a strong pedest...The Annandale town center area has a strong pedestrian scene for a suburban area. Many people are walking and taking the bus out to other Fairfax locales as well as into the city. In addition, I see people traveling to, through and from Annandale by bicycle. However, we are a car town and even have the misfortune of being a cut-through for people living south of Braddock Road.<br /><br />As an Annandale homeowner, if this and future redevelopment can increase and facilitate the movement of people sans vehicle while at the same time maintain or decrease vehicular usage throughout our neighborhoods then the proposed development is a win for all of us. Fewer cars means less noise and less pollution. Most current residents will not object to the redevelopment of an eyesore if improved pedestrian and bike facilities give them a choice to safely travel to and from destinations with the added benefit of not increasing traffic overall.<br />EVhttps://www.blogger.com/profile/16286620534086381441noreply@blogger.com