Since January, 2003
            
 Sliding from Before to After

The cover story of this week's Washington Business Journal (online for subscribers only) asks: "With Wall Street imploding, regional banks running for shelter and life insurance companies pulling up the ladders, if 1000 Connecticut couldn't get construction financing before the financial storm took on epic proportions, who can get it now?" It also quotes an expert as saying: "For any speculative project, both inside and outside the city -- even in core locations downtown -- it's basically impossible."
The article mentions two of Near Southeast's spec projects in the pipeline:
* "Others, like the William C. Smith Cos. project near Nationals Ballpark at 250 M St. SE, don't intend to pursue financing or break ground until they have a signed-and-sealed tenant."
* "James 'Jad' Donohoe IV, whose company plans a 200,000-square-foot office building at 1111 New Jersey Ave. SE, said he has no choice but to broaden his financing net to include nontraditional sources of funding, such as syndication arrangements with multiple banks, sovereign wealth funds and equity from hotels that will be part of the development. " 'We're still in the early stages now, but we've already been searching those things out for this and for other projects we have out there,' he said."
I'd also note that another office spec project in the neighborhood, DRI/Transwestern's Plaza on K on the northwest corner of First and K, had previously mentioned a Fall 2008 start date for its first phase, but there have been no recent announcements and no building permits filed.
And, there's also three spec office buildings currently under construction--55 M, 100 M, and 1015 Half, with only 100 M having so far announced any tenants (Parsons is expected to occupy 30 percent of the building, in early 2009). But, according to WBJ, "industry experts say they are not too worried about the future of the 36 local buildings that are under construction but not under contract to a tenant."
Will the bailout deal change any of this? [insert "We shall see...." comment here.]
Comments (2)
   
 
 More About 250 M

JDLand.com Home

Comments

G St says: (9/29/08 10:48 AM)
Are the Capper/ Carrollsburg townhouses all still going in? Thanks


JD says: (9/29/08 11:50 AM)
First phase (blocks between 4th and 5th, and block bounded by Virginia, I, 3rd, and 4th) is still moving forward as far as I know. Phase II (the rest of the blocks between 3rd and 4th) may take a while.

Add a Comment:

Comments are closed for this post.

JDLand Comments RSS Feed


 More News


See All Current News Items | Full Blog Archive

 
 Top News

jdc on Tidbits for Tuesday: I am also very excited for Bethesda bagel. I'm interested to see how Lot 38 is i...
RMP on Tidbits for Tuesday: I am really looking forward to Bethesda Bagels opening. Philz sells Bullfrog B...
VelocityChris on Tidbits for Tuesday: We got to the game around 6:10pm on Friday and didn't see any jets. Also, went ...

Get JDLand Updates In Your Inbox!



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  
1100 B/O 9TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 05/26/17
40 B/O N ST SE   THEFT
Theft 2nd Degree - Felony (all Other Larceny) - Parking/ Drop Lot/ Garage
 05/22/17
1100 B/O NEW JERSEY AVE SE   THEFT
Shoplifting
 05/22/17
1100 B/O 8TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 05/21/17
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 05/18/17
150 B/O L ST SE   THEFT
Theft 2nd Degree (theft From Building)
 05/13/17
1400 B/O SOUTH CAPITOL ST   THEFT
Theft 2nd Degree (theft From Building)
 05/10/17
1200 B/O 1ST ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 05/08/17
100 B/O M ST SE   ROBBERY  05/08/17
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 05/06/17
100 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 05/03/17
1300 B/O 4TH ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 04/29/17
1100 B/O 10TH ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 04/29/17
1400 B/O SOUTH CAPITOL ST   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 04/29/17
1100 B/O 10TH ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 04/28/17

Recent Issued Building Permits Archive  
No records added or modified in the past two weeks.

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


Project Directory
Completed
Insignia on M ('17)
F1rst/Residence Inn ('17)
One Hill South ('17)
Homewood Suites ('16)
ORE 82 ('16)
The Bixby ('16)
Dock 79 ('16)
Community Center ('16)
The Brig ('16)
Park Chelsea ('16)
Yards/Arris ('16)
Hampton Inn ('15)
Southeast Blvd. ('15)
11th St. Bridges ('15)
Parc Riverside ('14)
Twelve12/Yards ('14)
Lumber Shed ('13)
Boilermaker Shops ('13)
Camden South Capitol ('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)


Overviews
Capper/Carrollsburg
Anacostia Riverwalk
New Jersey Avenue
M Street
South Capitol Street
The Yards
Lower 8th Street
East M Street
Boathouse Row





                  © Copyright 2017 JD.