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Nothing in this WashTimes piece will be news for people who wander by here on a regular basis, but "Economy halts developers' ballpark plans" is a good survey that's probably still worth a read in case you've missed something. The crux is that the current economy has put an end to building on spec--"'Until you're getting your office building 70 percent leased up, you're not moving forward,' said Michael Stevens, executive director of the Capitol Riverfront Business Improvement District." And with things as they are, companies aren't moving to new office space, either. There's also this: "Monument Vice President Russell Hines said the financing difficulty is not because of pre-leasing requirements but rather demands for larger amounts of collateral on loans. Lenders once were willing to finance 75 percent of a project with only the project itself as collateral. Now, however, companies ask developers to put up additional assets to back the loan, even for just 50 percent financing."
One thing that is moving forward: Wednesday morning the mayor will be announcing a $42 million public/private deal between Forest City, the city, and the BID to build and maintain the 5.5-acre waterfront park at The Yards. The target date for the park has been mid-2009; we'll see at tomorrow's event whether that's still in the cards.
UPDATE: On his blog, Tim Lemke of the Times addresses a few issues that Forest City had with his article. And my entry on the park announcement is here.
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Ray N Rockville says: (11/4/08 11:10 AM)
One major point they might not have highlighted is that many of these projects have loans due for renewal in 1009-2010. The new requirements for percent of the project they will finance is going to have a severe hit on many of these parcels financed (ie..some foreclosures) that cannot meet the lower equity percentage the lenders will require because they don't have the cash to pay down the principal on the loans.

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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  
No records added or modified in the past two weeks.

Recent Issued Building Permits Archive  
1402 1ST ST SE   
11/25/19 
UNITED STATES OF AMERICA / DAVID C POSTLEWAITE
SB1900412 / CONSTRUCTION
Parcel G2:WSP will complete four borings up to the deepest potential subgrade elevation (approx. 32 ft. bgs). The proposed boring locations would be in the four quadrants of Parcel G2 to check for spatial variability in contaminant concentrations. WSP will collect and analyze three soil samples from each boring from depths corresponding to potential subgrade elevations (i.e. 10-12 ft. bgs, 20-22 ...
1212 4TH ST SE   
11/25/19 
FC 1212 LLC / TAMIKA STATON; OTIS
ER2000409 / SHOP DRAWING
Replace governor car #2 - Part #: TBA20641H6 Replace hoist belts #1 and #4 - Part #: SB0003119
1300 4TH ST SE   
11/15/19 
ASANA PARTNERS / DEBRA MARSHALL; THE DONOHOE COMPANIES INC
B2001773 / CONSTRUCTION
ADD EXTERIOR DOOR, ADD INTERIOR DOOR , ANY RELAYED,ELECTRICAL,PLUMBING, RELOCATING UNBUILT APPROVED NON LOAD BEARING FIRE RATED PARTITIONS @ FIRST FLOOR APPROVED UNDER PERMIT #B1711970. ATTACHED
   
12/06/19 
ASANA PARTNERS / S.A. COMUNALE; S.A. COMUNALE
P2001954 / SUPPLEMENTAL
1346 4TH ST SE   
12/06/19 
KAITLYNN MATTEO / W. SAKIE - BHAR; W. SAKIE - BHAR; NA
SG2000117 / CONSTRUCTION
Install one set of non illuminated sign on to existing store front building
861 NEW JERSEY AVE SE   
11/15/19 
CSX TRANSPORTATION INC / ERICKA CLARK; DGS CONSTRUCTION
TC2000008 / CONSTRUCTION
(2) tower cranes
   
11/26/19 
GREYSTAR GP I I, LLC / KIM MITCHELL; KIM MITCHELL
FD1900040 / CONSTRUCTION
TWO BELOW GRADE PRKING LEVELS, CONCRETE FOUNDATION WALLS, SLAB ON GRADE, COLUMNS ELEVATED DECKS UP TO GRADE WITH UNDERGROUND UTILITIES (MECHANICAL, PLUMBING, ELECTRICAL)
   
12/05/19 
MIKE ALLEN / JANE MCCRAY
AH2000244 / CONSTRUCTION
WO# 1611441 - Mike Allen / P. Helgeson. Pepco to install network transformer
1111 NEW JERSEY AVE SE   
11/15/19 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / TANYA HILL; THYSSENKRUPP
ER2000366 / SHOP DRAWING
REPLACE EXISTING 8MM WORN HOIST CABLES WITH LIKE IN KIND ON ELEVATOR #4. WORK TO ALLOW UNIT TO BE RETURNED TO SERVICE.
125 O ST SE   
11/25/19 
DISTRICT OF COLUMBIA / DAVID C POSTLEWAITE
SB1900411 / CONSTRUCTION
WSP will complete three borings up to the deepest potential subgrade elevation (approx. 32 ft. bgs). WSP assumes that borings will not be installed inside the fleet maintenance facility due to access restrictions imposed by DC Water. The proposed boring locations form an ā€˜Lā€™ shape around the eastern and southern sides of the fleet maintenance facility. WSP will collect and analyze three soil samp...
71 POTOMAC AVE SE   
12/06/19 
MPR REALTY / BOB BIROONAK; BOB BIROONAK; ART DISPLAY CO
SG2000099 / CONSTRUCTION
One building name MAREN Two set of address numbers all signs are non-illuminated
201 TINGEY ST SE   
11/14/19 
BROOKFIELD PROPERTIES / DFM DEVELOPMENT SERVICES, LLC
AH2000197 / CONSTRUCTION
Afterhours work at Tingey Square Project. The work performed will be forming, prepping and paving at Tingey Square park. Friday and Saturday the 15th & 16th, from 7PM to midnight. If required, Sunday the 17th from 7AM to 3PM. ANC Support provided. Associated Permit Include PA328164-R1 and PA10760162.
227 TINGEY ST SE   
12/02/19 
FC 227 LLC / KAYLA SHATTUCK; BROOKFIELD PROPERTIES MANAGEMENT LLC.
RW1900122 / CONSTRUCTION
Construction of new retaining wall located between Canal Street St and Third Street, SE.
300 TINGEY ST SE   
12/04/19 
FC BOILERMAKER LLC / ROBERT S. WATTS; ROBERT S. WATTS
E2002289 / SUPPLEMENTAL
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
Novel South Capitol ('19)
Yards/Guild Apts. ('19)
Capper/The Harlow ('19)
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)
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 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)


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





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