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Today the Capitol Riverfront BID held its first annual meeting luncheon, on the seventh floor of the all-but-completed 100 M Street, showcasing great views of Nationals Park and of M Street (though the gray skies didn't make for good picture-taking). I didn't take copious notes, but here are a few items of note that I Twittered in between bites of chicken and a key lime tart for dessert:
* It's confirmed that Artomatic will be held in Near Southeast in May and June of 2009.
* The opening date for Diamond Teague Park continues to be set at March of '09. However, the BID's executive director said that Canal Park would be coming "in late 2010."
* The Capitol Riverfront area (which is a bit larger than my Near Southeast domain, since it also includes Buzzard Point) now has 1,100 residents.
Hopefully they'll be posting the spiffy Annual Report online, since it gives a lot of detail about development in the Capitol Riverfront area and the work that the BID does to promote and "brand" the neighborhood. (Though JDLand readers will be familiar with most of it already.) Best stat? The BID's Clean and Safe team members collected 3,600 bags of trash this year.
The keynote address was given by Greg Leisch of Delta Associates, and provided a flurry of statistics about the residential and commercial office space markets in DC compared to the rest of the country (in short: It Could Be Worse). Leisch said that he felt that the Capitol Riverfront area is well-positioned to benefit from the recovery that's expected to begin in late 2009/early 2010, in much the same way that the East End did after the 1990-91 recession and the Capitol Hill submarket did after the 2001-2002 recession. He also said that only about 1,600 new condos will have been sold across the Metro area in 2008. Ouch. You can see some of the stats from this presentation on the Delta web site.
UPDATE: From the BID, here's the Annual Report, and Greg Leisch's presentation.
Comments (9)
   
 
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Michael says: (12/18/08 4:36 PM)
Canal Park.... "late 2010" ?????
This is ridiculous; is this thing going to be a half decade behind schedule?


JC says: (12/19/08 8:18 AM)
I love how in March of '08 the Office of the Deputy Mayor for Planning and Economic Development said that it's expected that the buses will be moved "by the fall," with construction on the park starting soon after, lasting about 12 months. The park is a "top priority" for the city.

If this is a "top priority" project that will be completed in 2010, I'd hate to be a low priority project...


LJ says: (12/19/08 10:30 AM)
So did they say when the buses are going to be moving now?


bruce says: (12/19/08 1:59 PM)
I am sad that Canal Park is always being thrown under the bus (pun intended), im concerned that Diamond Teague Park will be done first and with nothing else really around it back there, will it become a park for the homeless?
Wont it be desserted, especially when there is no games at the stadium??


JD says: (12/19/08 2:05 PM)
I imagine that the difference with Diamond Teague Park is that there must be interest from water taxi companies ready to pay for the privilege of using the docks. That gives an income possibility that doesn't exist with Canal Park.

Last I heard for removal of the buses was still January/February--but that's been a few weeks, so don't know if it's still operative. The contract was out for bid to build the new parking lots for the buses, out at DC Village.


bruce says: (12/19/08 3:37 PM)
THanks for clearing that up JD...my only concern remains with that park is (for now) it will stand alone for a while...


BBC says: (12/21/08 9:19 PM)
I think that the city is doing this right. Attracting retail development around Diamond Teague park SHOULD take priority over attracting residential development around Canal Park. I understand that the retail will need the residents to be successful. However, the residents will be attracted to the retail more than the park ...since Garfield Park is just a couple of blocks north anyway. Don't get me wrong, I am looking forward to Canal Park. However, I am look forward to the Yards development and Riverfront even more. Both will happen, eventually.


Michael says: (12/21/08 9:45 PM)
To paraphrase.... eventually, we're all dead, and the Canal Park is already long overdue.


sophia says: (12/21/08 11:03 PM)
It shouldn't be either or, DT or CP. CP has been in progress for more than three years. Someone needs to get it together.

The idling buses are an eyesore and a health hazard (see: link I'm not saying the buses should be moved to the outskirts of town, but perhaps this is a good opportunity to move them out of a residential area.

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