The speed of events is leaving me breathless these days. Today JPI held a groundbreaking ceremony at 909 New Jersey Avenue
, where digging is about to get underway for the 237-unit residential building to be built on that block (former home of the Nexus Gold Club). You can see the obligatory photos of Dignitaries-With-Shovels here
. (Yes, I did get my invite
after all. Thank you!)
But there was big news
tucked into the press release touting what JPI is now calling its "Capitol Yards
" neighborhood along I Street (with 70 and 100 I Street
across the way from 909 New Jersey about to sprout out of their deep hole): the announcement of plans for 23 I Street
, a fourth JPI residential project on I Street, slated to have 421 residential units and as much as 35,000 square feet of retail space. Its location would be on the south side of I Street between Half and South Capitol, from Half over to (and including) the current Wendy's lot
. (The moribund Exxon station does not currently appear to be part of the plans.) Construction wouldn't start before 2008. I haven't added it to my main map yet, but I've put up a few boring shots
of what the block looks like as of now.
With that, the number of not-spoken-for lots in Near Southeast has just about dwindled to zero. Pretty much there's the block on New Jersey across from Capitol Hill Tower (though Akridge now owns a portion of it), the Exxon at South Capitol and I if JPI doesn't grab it, and the Metro Chiller Plant on the southwest corner of Half and L, which might not be made available anytime soon. (And I'm assuming that the rumors of Monument Realty picking up the Sunoco site at 50 M are true.) Everything else west of 7th Street is now spoken for. So if you were hoping to make your millions in Near Southeast and you haven't already staked your claim, your time's just about up, unless you can wrest some parcels out of some other developer's hands.