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Two pieces in Friday's Post of interest to Near Southeast fans: "Nationals Park Revenue Falls Short of the Mark," detailing how tax revenue for the first year at the ballpark is expected to be about $2.6 million short of the $13.5 million originally projected, and a sidebar piece, "Though Developers Built It, The Tenants Did Not Come," about the empty buildings in the neighborhood, using Lerner's 20 M Street as a jumping off point: "In many ways, the Lerner building -- owned by the Bethesda real estate family that also owns the Nationals baseball team -- is symbolic of the emerging district around the ballpark. Sleek new buildings with offices, condos, apartments and retail space have popped up all over. But many remain empty, seeking tenants in a sluggish economy."
The first piece, on the taxes, also talks about the ongoing dispute over whether the stadium was "substanially complete" by Opening Day, and that the Nationals are still withholding their $3.5 million rent payment. On the other hand, the article says that the city has enough money to cover the debt service on the stadium financing because the special ballpark tax on city businesses is bringing in more revenue than expected.
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NSE Resident says: (9/19/08 8:46 AM)
but i thought real estate developers were geniuses. turns our they're geniuses when it comes to bilking taxpayers, not building community. the lerners have fielded a bad product, screwed taxpayers, done the bare minimum in the community (barely anything) and are known (in Nova) as impossible landlords so no one is moving into their 20M building. they don't care about the game, the community or anything but their profit. what would they do if their tenant's failed to pay rent? what would they do if as investors (which dc taxpayers are) one of their investments completely failed to produce a good product? we all know what the lerners would do as landlords and investors, but they don't have an ounce of respect for their investors/landlord -- the taxpayers of DC. And they certainly don't have any respect for their fan base, charging what they charge for every aspect of their "entertainment product" for a team that is barely functional. oh yes, and remember, they refused to put up any money to put the parking garages underground in part and have made it clear they don't care what happens outside the stadium because they don't want people spending money outside the stadium. Mayor Fenty, Councilman Wells, please stand up to these crooks NOW.


G St says: (9/19/08 10:25 AM)
"But many remain empty, seeking tenants in a sluggish economy."

I think the *tipping point* if you will for this area will be the townhouses in the Capper/Carrollsburg Housing Redevelopment.

Once those are complete and there is more *life* in JD Land after dark (besides the muggers and car thieves) you will see The Revival!


9th Street says: (9/19/08 11:06 AM)
Couldn't agree more. No one is going to open a business in a near-empty neighborhood. I think everyone just needs to relax. It'll happen...


Bruce says: (9/19/08 11:38 AM)
Sadly,
THe project are taking along time to complete. We need essentials like a supermarket and other retail. It WILL come, but the economic times may slow everything down. ALl those Apt building are sitting without many tenants.


Scott G says: (9/19/08 11:50 AM)
The article is ridiculous, because it doesn't take into account the huge amount over projections being made by concession sales. Concession sales have been something like double what was expected, bringing in far more than the city thought probable since those concession sales are also heavily taxed by DC.

No offense, JD, but typical WaPo sensationalism.


Chris in Eckington says: (9/19/08 12:09 PM)
They need to start work on the Canal Park. Those parking lots are an eyesore and detract from the neighborhood.


Scott G says: (9/19/08 2:04 PM)
Chris- I've heard the parking lots will be cleared in December, and construction on Canal Park should begin in February.


Michael Coffey says: (9/19/08 4:26 PM)
DC taxpayers are on the hook for 611 million for the Lerners stadium, and the Lerners can't even pay their taxes?? Ridiculous.


Drew says: (9/20/08 11:12 PM)
Lerners = Snyder + Angelos.

Welcome Washington baseball fans!


BBC says: (9/22/08 12:01 AM)
I don't think that these articles matter much. Nobody doubts that this area will be a very vibrant area in a few years. Some newspapers like Wash Post choose to get their jabs in while they still can because bad news sells newspapers and they will not be able to report bad news about development here for much longer. It is funny that they call the Lerners greedy when they are just as greedy ...they purposely paint a "dramatic" picture in order to sell newspapers because this sort of news sells. They sort of stander for profit.


Laura says: (9/22/08 1:08 PM)
The article is wrong. The Lerner family does this and has done this in every development. With commercial property there are long term leases. So they wait until rents go up until they get the rent they want. They have enough money to sit on these properties. I wish journalists would do their research.


EW says: (9/22/08 4:16 PM)
The stumbling economy is reason number one why the near Southeast area has yet to reach its robust potential. It only a matter of time, however. Residents and office tenants will begin to trickle in, soon to be followed by retail establishments that cater to them, especially a grocery market.

There's a good chance there won't be all that much activity in 2009 due to the credit crunch and sagging economy. The forthcoming years, however, 2011 in particular, seem like better bets for when the neighborhood will really begin to come to life. That may seem like a long way off, but 2011 dawns in only 27 months.


skeptic says: (9/22/08 4:56 PM)
Nobody doubts that this area will be a very vibrant area in a few years

I doubt the area will be vibrant within a few years. What do you base this assessment on?


BC says: (9/24/08 12:44 PM)
Well, the plaza on K St in being built by Transwestern. This company owns a researching branch which specifically determines whether an area is a good investment for developing or not. Transwestern has committed to spending hundreds of millions to build their massive office/retail buildings here in the ballpark area. I trust that this company has done its research and that the research is solid. Also, federal government projections predict a lot of growth for the greater Washington area over the next decade. Thus, all the construction that is going up will eventually get filled. I would say that the growth of this area in to a vibrant neighborhood is about a safe of a bet as you can make.

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City Government Data for Near Southeast Records added or updated recently displayed here; click the "archive" links to see additional detail and older records. All data from DC Government databases and RSS feeds. JDLand takes no responsibility for errors, omissions, etc. (read CapStat disclaimer). Data is retrieved daily.

Recent Crime Incidents Archive  
1000 B/O 1ST ST SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
 09/16/20
100 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/16/20
200 B/O L ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 09/13/20
1000 B/O 3RD PLACE SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 09/13/20
UNIT B/O I ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/12/20
UNIT B/O I ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/10/20
1200 B/O 4TH ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/07/20
UNIT B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 09/04/20
1100 B/O 8TH ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/30/20
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/27/20
UNIT B/O K ST SE   THEFT
Theft 2nd Degree (theft From Building)
 08/23/20

Recent Issued Building Permits Archive  
1300 4TH ST SE 130   
09/08/20 
ASANA PARTNERS / KEE HAN KIM; W. SAKIE - BHAR; NA
SG2000328 / CONSTRUCTION
Install one set of building sign and one set of double side blade sign
1331 4TH ST SE CU   
08/28/20 
FC 1331 LLC / null
P2008455 / SUPPLEMENTAL
   
08/31/20 
FC 1331 LLC / null
E2010801 / SUPPLEMENTAL
   
09/01/20 
FC 1331 LLC / null
P2008520 / SUPPLEMENTAL
150 I ST SE   
09/10/20 
SQUARE 737 LLC / SHON THOMAS
AH2001871 / CONSTRUCTION
Placing mobile crane on 2nd Street SE for hoisting materials to 150 I Street SE and closing sidewalk for pedestrian safety
300 M ST SE   
09/11/20 
FEDERAL CENTER LP / HOSSEIN HAMED; WILLIAM G ROSENBERG; NA
SG2000379 / CONSTRUCTION
INSTALL TWO BUILDING MOUNTED LED-ILLUMINATED SIGNS W / FACE LIT CHANNEL LETTERS ON BACKER.
861 NEW JERSEY AVE SE   
08/26/20 
GREYSTAR GP LLC / CHARLES C. BAKER; CHARLES C. BAKER
M2003573 / SUPPLEMENTAL
   
08/26/20 
GREYSTAR GP LLC / CHARLES C. BAKER; CHARLES C. BAKER
P2008383 / SUPPLEMENTAL
   
08/26/20 
GREYSTAR GP LLC / CHARLES C. BAKER; CHARLES C. BAKER
P2008384 / SUPPLEMENTAL
   
09/08/20 
0861 NEW JERSEY AVE / null
M2003711 / SUPPLEMENTAL
1200 NEW JERSEY AVE SE 20590   
08/26/20 
UNITED STATES OF AMERICA / null
M2003570 / SUPPLEMENTAL
1299 NEW JERSEY AVE SE   
09/08/20 
BROOKFIELD PROPERTIES / TIM GOOD
BP2004497 / POST CARD
1013 O ST SE 20374   
08/25/20 
UNITED STATES OF AMERICA / JOHN P RUTTER; JOHN P RUTTER; KYLE ERICKSON
BCIV2000052 / CONSTRUCTION
This project is for the interior renovation of the historic buildings 46 and 67 in the Washington Navy Yard. New utilities will be installed to serve the building. NO NEW BUILDING WILL BE CONSTRUCTED AS PART OF THIS PROJECT. A parking lot south of the building will be used to provide stormwater management, as there is no ample open space within the buildings for stormwater BMPs.
   
09/14/20 
UNITED STATES OF AMERICA / JOHN BROWNING
SB2000494 / CONSTRUCTION
Install three temporary 1" groundwater monitoring wells down to 4' bsg in the basement of buildings 46 and 67 in the Washington Navy Yard for groundwater sampling. Wells will be removed less than 1 week following installation, and the voids will be filled with grout.
71 POTOMAC AVE SE   
09/03/20 
MRP REALTY / JUSTIN BELLOW
TL2000041 / CONSTRUCTION
1st time tenant fit out in new building
   
09/04/20 
RIVERFRONT HOLDINGS II, LLC / JUSTIN BELLOW
B2007457 / CONSTRUCTION
Revision to B1804337 to revise the location of IZ units.
520 TINGEY ST SE   
08/31/20 
U. S. GENERAL SERVICES ADMINISTRATION / JOHN WICKLIFFE
TN2000086 / CONSTRUCTION
Install 100ft x 90ft Tent No Cooking, No Propane, No Stages, No Smoking Installed on Aug 4, 2020 - Jan 29, 2021 Events Daily 8:00 am - 10:00 pm
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

Real Property Sales Archive  
No commercial transaction records added or modified in the past two weeks.


Project Directory
Completed
Thompson Hotel ('20)
West Half ('19)
Novel South Capitol ('19)
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New DC Water HQ ('19)
Yards/Bower Condos ('19)
Virginia Ave. Tunnel ('19)
99 M ('18)
Agora ('18)
1221 Van ('18)
District Winery ('17)
Insignia on M ('17)
F1rst/Residence Inn ('17)
One Hill South ('17)
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ORE 82 ('16)
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Dock 79 ('16)
Community Center ('16)
The Brig ('16)
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Hampton Inn ('15)
Southeast Blvd. ('15)
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Parc Riverside ('14)
Twelve12/Yards ('14)
Lumber Shed ('13)
Boilermaker Shops ('13)
Camden South Cap. ('13)
Canal Park ('12)
Capitol Quarter ('12)
225 Virginia/200 I ('12)
Foundry Lofts ('12)
1015 Half Street ('10)
Yards Park ('10)
Velocity Condos ('09)
Teague Park ('09)
909 New Jersey Ave. ('09)
55 M ('09)
100 M ('08)
Onyx ('08)
70/100 I ('08)
Nationals Park ('08)
Seniors Bldg Demo ('07)
400 M ('07)
Douglass Bridge Fix ('07)
US DOT HQ ('07)
20 M ('07)
Capper Seniors 1 ('06)
Capitol Hill Tower ('06)
Courtyard/Marriott ('06)
Marine Barracks ('04)


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