Fortis Buys Potomac Yard Site For 138-Unit Condo Project
The development site already has Alexandria approval, allowing Fortis to break ground this summer on a new condo project near the future Virginia Tech campus.
The development site already has Alexandria approval, allowing Fortis to break ground this summer on a new condo project near the future Virginia Tech campus.
Office landlords and brokers see D.C.'s growing technology sector as another anchor that will make the market resilient through a recession.
The Potomac Yard Metro station is expected to open in 2022 and support millions of square feet of mixed-use development.
Air freight hubs are becoming the North Star in guiding future warehouse development across the U.S.
The 14-acre property has industrial, office and retail buildings with leases expiring over the next several years, and Fundrise then plans a mixed-use project.
A lot of jobs will be lost soon, but not at Amazon, Walmart or other major food stores.
The second big Silicon Valley data center deal in a week came in Santa Clara, the regional stronghold for the sector.
Large condo projects are moving forward from Capitol Riverfront to NoMa to Tysons and are achieving strong sales performance.
The first academic building on the Virginia Tech Innovation Campus is expected to break ground next year.
The coronavirus pandemic has led to an uptick in labor activity in distribution centers across America, just as it did in coal mines and steel mills in 1919.
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