Commute from Fair Oaks to Falls Church

[AmyinNOVA]

Yea that was my next question... if the company is anywhere near a metro... If it is, then you have a number of options that pop up that are decent. I actually really like the Oakton/Vienna area and is mostly "fair oaks" like ... but more on the oakton side or close to the 123 side of the area, I'm not thrilled with the area down around where Nutley Street that intersects with route 50.

[stealthology]

Originally Posted by tysonsengineer

Merrifield is quickly becoming like Fair Oaks. Its a bit of a construction zone now (though its at its final stages in many parts and will be done in about 6 months for the most part).

From Merrifield to Falls Church you have a breeze, 6 different ways to go, and none of them run east and west. You still are in good school areas, and Merrifield is just as safe as other parts of the county. Lots of nice Townhome/2br options are popping up there for sure.

Nice thing about Merrifield too is that you can metro if wanted either by Bus to Falls Church or directly on Metro between Dunn Loring and West Falls Church. Very quick.

Streetview

A Video about the new Merrifield

Do you think existing condos & townhomes in the Merrifield area will rise better than average once everything is built and settled? I know they're building over 1,000 rental units in the area, and I'm not sure how that will impact the condo's already there.

Thanks

[tysonsengineer]

Originally Posted by stealthology

Do you think existing condos & townhomes in the Merrifield area will rise better than average once everything is built and settled? I know they're building over 1,000 rental units in the area, and I'm not sure how that will impact the condo's already there.

Thanks

I might end up writing a story about the mosaic district and its effects on the existing developments.

Its complicated. Clearly part of the reason why the condos came to this corridor was because the people who bought did so with the understanding that the area will become more metro friendly and walkable. The fact that 1000 new rental/mixed units is coming clearly has impacts on supply demand, but it also fulfills the idea of a metro region. If all the units are rentals, then I would say that the prices of the condos will likely go up if it becomes truly walkable because now you are sitting on a very low supply product (condos) where there will be high demand (due to local amenities and metro access).

Currently in Tysons even with plenty of apartments coming the prices of condos continue to rise, the reason is because there still is no significant new condos coming (pending the decisions of Park Crest Two and Greystar Building F1).

My summary? It will impact condo prices, but beneficially. Condo owners are different than house owners, in condos it is good that density is coming and that those developments bring retail and things to do because condos are geared towards a populus that wants those things. The new rentals will make the area that much more vibrant and therefore fulfill and improve the prices paid for the condos. Also these rentals arent your parents brownstone apartments. These are really nice and geared towards younger, but well paid people who arent quite ready to buy a place. I am pretty sure they will be rented around the 2300-2500 level for 2brs based on other comps around the beltway.

[Fallout Zone]

Falls Church covers a lot of ground. Is the job around route 7 in Falls Church city? Fairview Park? 7 corners? Bailey's Crossroads?

[from1place2thenext]

Fallout Zone--Fairview Park area.