In 2017 Amazon announced its corporate headquarters would be built outside of DC in Arlington, Virginia. The mega company estimates its presence will bring over 25,000 new jobs to the metro area. Virginia Tech’s decision to partner with Lionstone Investments in building its one-billion-dollar Innovation Campus in Alexandria will bring many new job opportunities to the community, as well.
Like most large metropolitan regions, Washington D.C. is facing an intense housing supply crunch. It’s near impossible to build anything except single-family homes in DC’s affluent neighborhoods; the zoning does not allow for duplexes, fourplexes, townhomes, or apartments. That means surrounding suburbs will be home to many new builds. However, many new luxury high-rise apartments are being developed throughout the city limits of Washington DC.
Bethesda, Maryland, which is located about six miles outside of the capital city, is experiencing a residential development boom. This community is a family-friendly urban center whose paramount live theater, extravagant shopping, and nationally ranked schools, including the number one Maryland high school, Walt Whitman High, make it a desirable residential destination.
Just 20 minutes from the heart of DC sits Arlington, Virginia. For home buyers wanting to live in DC, Arlington resembles an extension of the capital city. With more available land to build on, Arlington is preparing to see numerous homes built in the next few years. The Highlands development is set to be built by 2021 and will be located in the affluent neighborhood of Rosslyn. This 27-story building will offer 912 residential units which will be a mix of apartments and condos. Providing picturesque views of the DC skyline, a 24-hour concierge and rooftop entertainment, this new build promises to be one of the most sought-after places to live in the DC area.
For homebuyers searching for new build single-family homes, they may be able to fulfill their wish in the suburb of Chevy Chase. Not to be confused with Chevy Chase, DC, Chevy Chase, Maryland is considered one of the region’s high-end suburbs. This piece of paradise has virtually no commercial districts. Although this suburb has seen a rise in population, the neighborhood remains a quiet area that is extremely family-friendly.
The Washington DC metro area is forecast to continue major growth. With endless job opportunities, top of the line education institutions, and a variety of suburbs offering culture, community, and peace of mind, this city’s boom in economic and population growth is just beginning.