F.C. Commercial Land Too Pricey, Centex Stalled
Stiff asking prices for prime downtown real estate in the City of Falls Church, reaching $5 million an acre, combined with a nationwide downward trend in residential condo sales has brought City Center redevelopment plans to a standstill, the News-Press has learned. It’s at least true for the vast majority of the proposed project where developers do not already own the land they intend to build on.
