According to GlobeSt.com
(story free for seven days), JPI as expected
has completed acquisition of the eastern two-thirds of the block bounded by I, K, Half, and South Capitol, comprising the Wendy's lot and the lot to its east, with plans to build what is being called "Jefferson at the Ballpark," a 416-unit residential building at 23 I Street. This will be JPI's fourth building on I Street, joining 70/100 I
and 909 New Jersey
, which are all already under construction. Construction on 23 I is expected to begin in August 2008, and will raise JPI's total number of units in Near Southeast to 1,350. According to the article, this building will be "green," and will have a dog run and large open courtyard. For what the block currently looks like, check my not-terribly-exciting 23 I page
. When the DC Property Sales database
ends its summer vacation (apparently even web sites get to take August off in Washington), I'll tell you how much JPI paid for the 43,313-sq-ft lot, last assessed at $21.7 million.