KSI Changes the Rules of Real Estate Development

KSI, a Vienna-based developer of mixed-use projects, has announced its intention to build eight transit-friendly projects in the Washington metropolitan area, including six in Virginia. The projects will offer proximity to Metro and bus transit, and make Flexcar rentals available to homeowners. As I read KSI’s announcement between the lines, the developer is embarking upon a new business model: selling real estate by creating an environment where buyers can shed the nearly $7,000-per-year cost of owning a car. For details, see the full post on the Road to Ruin.

If this idea proves itself in the marketplace, the implications are momentous for Virginia’s transportation debate. Stay tuned.


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One response to “KSI Changes the Rules of Real Estate Development”

  1. Ray Hyde Avatar

    Please explain to me how shedding the cost of owning a car improve your transportaion options or your quality of life, especially if it means a similar increase in your mortgage and tax situation.

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