RESIDENTIAL REAL ESTATE
The Belgard at 33 N Street NE in NoMa is open and now leasing 346 first micro-unit apartments at $1,770 for a 386-square-foot one-bedroom and $3,520 for a 1,060-square-foot two-bedroom. Amenities include a rooftop infinity edge saltwater pool, speakeasy, keyless entry and floor-to-ceiling windows. Read more at Curbed DC.
With projects happening in Crystal City, Ballston, Clarendon, Rosslyn, Pentagon City and Virginia Square, the County of Arlington expects to add 24,000 new homes to its ranks by the year 2040. According to the Arlington Profile 2018, researchers project that will equate to 22,700 additional residents and an extra 37,000 new jobs. Read more at Washington’s Top News.
COMMERCIAL REAL ESTATE
CoreSite Realty received approval from the Fairfax County Planning Commission for its proposal to create a 22-acre data center campus on Reston’s Sunrise Technology Park, which it purchased for $50 million in 2016. The developer plans to construct up to 934,00 square feet of data center space over four phases. Read more at BisNow.
COST OF LIVING
A new study from MagnifyMoney ranks the best and worst cities in the country to live on a six-figure salary and Washington, D.C. comes in as the second worst on the list. The price comparison and financial education website used a hypothetical couple with one child that earns a combined gross income of $100,000, then estimated monthly expenses and taxes to calculate the family’s disposable income in 100 metro areas. Read more at Philly Mag.
Researchers from UK-based Wayve have successfully taught an autonomous car how to stay in its a lane over a period of 15-20 minutes using a “reinforcement learning” algorithm along with a human safety driver. Read more at CNET.
Miami-based MyPark raised $2.1 million in seed financing in April, which it will use to support expansion of its app that allows users to reserve a parking space at their local mall. Shoppers can book spaces on demand for a few dollars an hour. Read more at Philly Voice.