What's Hot: 142-Unit Development At Inn of Rosslyn Site Moves Forward | Mortgage Rates Inch Closer To 7%
Flexible-Hotel Conversion Requested for a Few Arlington Apartment Complexes
✉️ Want to forward this article? Click here.
Amid low demand and apartment vacancies spurred by COVID, a few buildings in Arlington are seeking to switch things up.
Dittmar has applied to Arlington County for a minor site plan amendment to permit the addition of hotel use, which would be applied to 25 of the vacant units in each of three buildings the company manages.
story continues below
loading...story continues above
If approved, the proposal would turn roughly 5% of the units in each of Courtland Towers (579 units total), Randolph Towers (523 units total), and Virginia Square Towers (534 units total) into "flexible" units.
With the site plan amendment, the landlord would be able to rent those units as either furnished short-term rentals of fewer than 30 days, or with leases of various terms longer than 30 days. The applications suggest optimism for future short-term rental demand.
"Due to the ongoing COVID-19 pandemic, the Applicant has experienced unprecedented levels of vacancy in residential units. It believes that, as business travel begins to return to the region in the future, there will be a demand for leases of furnished units for less than 30 days. The Applicant seeks to serve this group of people by converting a portion of the residential units on the Property to Flexible Units to allow for a more socially-distanced temporary stay in Arlington."
See other articles related to: arlington, arlington county, demand, dittmar, pandemic, short-term rental, vacancies
This article originally published at https://dc.urbanturf.com/articles/blog/flexible-hotel-conversion-requested-for-a-few-arlington-apartment-complexes/17741.
Most Popular... This Week • Last 30 Days • Ever
Buffett called the five-bedroom listing home when his father, Howard Buffett, was ser... read »
Estate taxes, also known as inheritance taxes or death duties, are taxes imposed on t... read »
The application may signal movement on the massive mixed-use project.... read »
Penzance has unveiled its striking new plans for Rosslyn.... read »
A new report finds that the current housing market is split into two groups.... read »
- The Oracle of Spring Valley: Warren Buffett's Childhood Home in DC Hits the Market
- What Are Estate Taxes and How Do They Work?
- Raze Application Filed For Site Of 900-Unit Development, Food Hall Along Anacostia River
- Three Buildings, 862 Units: The New Plans For Rosslyn's Skyline
- The Two Housing Markets
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro