Hotel-a-Palooza in CharlAlbemarle

in Albemarle Charlottesville on

C-Ville reports on the coming boom of hotels in Charlottesville-Albemarle.

In light of the Cavalier Inn’s reprieve, (from 2009) …

When the Board of Visitors first approved the Arts Gateway to the University of Virginia in 2007, the project—an estimated $118 million plan that would include, among other buildings, a new art museum at the current site of the Cavalier Inn—was slated to begin construction during the spring of 2009. Now, with renovations underway for the UVA Art Museum on Rugby Road, Vice Provost for the Arts Elizabeth Hutton Turner says that plans for the Arts Gateway are on “indefinite hold.”

… it seems there are going to be quite a supply of hotel rooms in Charlottesville.

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Charlottesville Really is a Great Place to Live

in Albemarle Charlottesville on

No we didn’t make another list (that I’m aware of), but this weekend my family went to a town in another state for my older daughter’s soccer tournament.

The contrasts between that town and ours are remarkable – ours is green, vibrant, thriving, with contrasts between city, country, mountains and flat land. Theirs is none of those. It’s interesting here, the topography, the culture, the things to do …

On the days where I read about a story about the stunning ineptitude of our politicians systems bureaucracy, the perspective of going to a place that is desolate, boring, depressed and uninteresting is immensely valuable.

For all of Charlottesville’s* faults and shortcomings (I’ll identify a few in a forthcoming story), we live in a pretty nice place and I count myself as damn lucky to live here.

Spend a few minutes browsing James Marshall’s photo stream on Flickr and tell me that Charlottesville’s not an awesome place to live. Seriously.

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Best Buy Ramp Still Delayed

in Albemarle Charlottesville Politics Transportation on

Charlottesville Tomorrow reports that the Best Buy ramp project is still delayed.

Is anyone surprised that the advice VDOT is offering is this?

“Rich suggested that acceptance might be the best response to distant construction dates.”

This seems par for the course in the Charlottesville – Albemarle area, when one of the three conditions set forth by the City of Charlottesville is to “have more meetings.”

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Building a (Concrete) Home in Less than a Day

in General Real Estate on

Concrete + 3D Printing =

How cool is this?

It can take anywhere from six weeks to six months to build a 2,800-square-foot, two-story house in the U.S., mostly because human beings do all the work. Within the next five years, chances are that 3D printing (also known by the less catchy but more inclusive term additive manufacturing) will have become so advanced that we will be able to upload design specifications to a massive robot, press print, and watch as it spits out a concrete house in less than a day. Plenty of humans will be there, but just to ogle.

Wow.

So I might want to invest in concrete stocks.

As noted earlier today, this technology may one day become “normal” or the “new normal” or simply “what we’re building with now.”

It might take less than a week to build a concrete house using this technology, but I’d wager it would take at least three to five years to get approval from Albemarle’s Architectural Review Board. 🙂

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There is No “New Normal” in the Real Estate Market

in Albemarle Charlottesville Market statistics on

“Normal” is “now”.

Homeownership Rates - via Calculated Risk

– Human settlement patterns (where people are living and working)

– Gas prices

– Expectation of permanence/transience

– Interest rates

– Property tax rates

– Monetary supply

– The internet’s availability and impact

Those are just a few of the ways that 1999 differs from 2011, and makes application of “normal” challenging.

Here’s something that hasn’t changed – people need homes. Buying a house is a choice, and one that comes with greater responsibility than renting – you’re accepting on the maintenance, the permanence, the mortgage, the community, the risk. If you’re not ready for those, don’t buy a house. If you’re ready to buy a home, do your due diligence and consider it.

“New normal” is a shifting term, applicable to virtually every evolving industry.

Heck, I’ve been seeking “new normal” for years.

But I thought I’d look at the data and briefly compare the 1999 Charlottesville area real estate market with the 2011 one … keeping in mind that so many things are different, thus negating in a lot of ways the comparisons.

1999 to 2011 - all home types

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