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The front page of Tuesday's Post has "Building Slowdown Turns Grand Visions into Vapor," a look at projects in the DC area that are on hold because of the slumping economy: "The economic boom of recent years promised to deliver gleaming homes and high-end retail to struggling and newly forming neighborhoods across the Washington region. But that quest is running headlong into a withering economic slowdown and paralyzed credit markets, bringing new construction to a virtual stop and fueling anxiety among those who dreamed that their neighborhoods were the next frontiers."
Among the examples in the article are three delayed projects near the ballpark--WC Smith's 250 M Street office building, the residential and hotel portion of Monument's Half Street project, and also the Corcoran's Randall School development at Half and I, SW (which Monument pulled out of recently): "Perhaps no area is more central to the District's long-term ambitions than the streets around Nationals Park. At every opportunity, Fenty talks of a cosmopolitan destination featuring new parks, offices, stylish apartments and restaurants, all of it along the Anacostia River. Yet, how soon that vision materializes is fraught with uncertainty."
(Full disclosure: I provided a bit of basic status on ballpark-area projects for the piece, hence the "contributed" line.)
Some additional perspective: Certainly there's a slowdown afoot. (It's almost like there's some sort of cycle of boom and bust in commercial real estate!) I've been joking that I should just put a "Gone Fishin'" sign up here at JDLand during 2009, and come back in 2010 to see what's cooking, because other than the first offerings at the Yards and perhaps Canal Park {cough}, I'm not expecting much to get underway in the next little while. On the other hand, Capitol Quarter is moving forward, 1015 Half Street is now out of the ground, Diamond Teague Park is expected to open in the spring, and 100 M and 55 M and 909 New Jersey and Velocity will all be opening their doors before long, and perhaps the lure of another season of baseball will get some retail into the empty ground-floor spaces of those buildings and 20 M.
So, it's not like tumbleweeds are blowing down M Street or vines are growing on buildings a la Logan's Run--and it would be hard to make the case that it's the neighborhood's fault or the stadium's fault when the entire region is feeling the pain. The expectation would be that when the market improves, development in Near Southeast should pick up again. But we'll all just have to wait and see, won't we?
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Bruce says: (12/2/08 8:10 AM)
i had assumed that all the necessary financing was already in place now that we have a 3 story deep hole on 1/2 Street.
Although the economy as a whole has tanked, these projects will eventually get finished. As the residential portion of this area begins to fill up (hopefully) the retail will come.
I am hoping that this is just a hiccup.


Michael says: (12/2/08 8:48 AM)
It seems like the Post is writing these articles as a "see what a waste of money" or too-bad so sad for the SE. I'm moving there next year and I don't expect to see big things until mid-late 2010. In 5-10 years this will be a really nice area and then in that time you can look back on the Post and Times article and wonder what happened to all the doom and gloom.
Recessions are good (in a way) to slow things down, refocus and come out stronger/better and more well thoht out.


Edna Wellthorpe says: (12/2/08 9:46 AM)
JD - Love the Logan's Run reference! What a classic!


DC says: (12/2/08 10:17 AM)
I agree completely with Michael - and did anyone else see the article a couple of weeks ago in the Business Journal I think - about Forest City being close to deals with a Jazz Club and Dogfish Head Alehouse - I think retailers are interested and will certainly come they just need to make the numbers work


bruce says: (12/2/08 12:19 PM)
I still believe in the area and plan to move there when my house is ready.
The Post piece mentioned infrastructure work by the blocks that are barren where pulic housing used to be...
JD, any thoughts on that segment of the piece??


JD says: (12/2/08 7:28 PM)
I *think* there's going to be another bond offering to take care of the infrastructure work around Canal Park, since that includes the streets where the new Capper apartment buildings will be (trash transfer site and the three blocks between 2nd and 3rd). Perhaps the article's reference to 250 M and the infrastructure it would be helping to fund is Phase II of Capitol Quarter (along 3rd from I to L), but I really don't know for sure.



bruce says: (12/3/08 11:22 AM)
Good point. I had considered Phase 2..


G St. says: (12/3/08 4:01 PM)
Count the cranes and holes in the ground.



bruce says: (12/4/08 9:18 AM)
Based on current trends, I see mortgage rates settling in at 4.5 to 5.25% toward the 1st quarter of 2009 which will stimulate movement. THis will help everyone, not just our part of town.

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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
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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
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 08/27/20
UNIT B/O K ST SE   THEFT
Theft 2nd Degree (theft From Building)
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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;

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Project Directory
Completed
Thompson Hotel ('20)
West Half ('19)
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)


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