Since January, 2003
            
 Sliding from Before to After

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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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  
300 B/O K ST SE   BURGLARY
Burglary Two
 01/13/18
1000 B/O 4TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 01/11/18
500 B/O M ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 01/09/18
900 B/O 4TH ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/07/18
100 B/O I ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 01/04/18
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 01/04/18
400 B/O M ST SE   THEFT
Shoplifting
 01/02/18
UNIT B/O K ST SE   THEFT
Theft 2nd Degree (theft From Building)
 12/31/17
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 12/19/17

Recent Issued Building Permits Archive  
1331 2ND ST SE   
12/22/17 
DC WATER / DAVE LEVINE
AH1800369 / CONSTRUCTION
After Hours work for structure excavation and support for B1311474 DC Water, Corman Construction 301-343-5417. TO EXCLUDE LEGAL HOLIDAYS.
1331 4TH ST SE CU   
12/27/17 
FC 1331 LLC / GARY BRENT; N/A
SG1800119 / CONSTRUCTION
Install 1 illuminated blade sign and 7 non-illuminated window vinyl signs - CHLOE BY HAIDAR KAROUM
   
12/28/17 
FC 1331 LLC / BEN BEDDO
TL1700205 / CONSTRUCTION
New Tenant Layout for restaurant
1300 4TH ST SE   
01/05/18 
FORREST CITY WASHINGTON / GEORGE ARTHUR KING
SB1800091 / CONSTRUCTION
To abandon 18 6 inch diameter 80 foot deep dewatering wells and 4 2 inch diameter 50 feet deep observation wells per the DOEE regulations
1346 4TH ST SE   
01/12/18 
ALAN OWINGS / ROBERT HENRY
AH1800415 / CONSTRUCTION
After Hours Permit for 1 / 15 / 18 from 7AM to 7PM to perform concrete operations, framing, operations, and utility operations.
411 I ST SE   
12/27/17 
ABIGAIL A SMITH / ROBERT D. JOHNSTON
E1802679 / SUPPLEMENTAL
337 L ST SE   
12/22/17 
JENNIFER LANCASTER / null
E1802602 / SUPPLEMENTAL
   
01/11/18 
JENNIFER LANCASTER / BJORN FALK
SOL1800005 / CONSTRUCTION
Installation of a 3.6kW solar PV system. Roof Mounted, 10 panels
300 M ST SE STE# 400   
01/03/18 
FEDERAL CENTER LP / SAM HOLLEN
B1803531 / CONSTRUCTION
INTERIOR RENOVATION TO 4TH FLOOR OFFICE CONFERENCE ROOM. PARTITIONS, CEILING, MECHANICAL, ELECTRICAL AND LIFE SAFETY. NO PLUMBING OR STRUCTURAL. 680 SQUARE FEET. CACI SUITE 400
25 POTOMAC AVE SE DOCK 79   
01/11/18 
RIVERFRONT HOLDINGS I LLC / null
P1802701 / SUPPLEMENTAL
227 TINGEY ST SE   
12/29/17 
JW CAPITAL PARTNERS / MELISSA DIAZ
FD1700126 / CONSTRUCTION
Parcel L1- Foundation to Grade permit for the new construction on an 11 story full service hotel building with restaurant and retail.
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
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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