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From the Post's DC Wire blog: "City officials are close to finalizing a deal to build a new convention center hotel without having to secure an additional hundreds of millions of dollars in public financing, officials said today. Under the framework of the agreement, the city and the convention center authority will put up an additional $80 million. The city earlier had pledged $187 million for the project, which has languished due to tight credit markets. The rest of the money for the $537 million project will come from private sources. Frustrated that the hotel project had yet to break ground, convention center and D.C. Council members began exploring earlier this month whether the city could secure full public financing for the project. They argued the city was losing convention business to neighboring jurisdictions. But Chief Financial Officer Natwar M. Gandhi, who was worried about the District breaching its debt limit, helped broker a deal in which Capstone Development will team with ING to secure private financing, sources said. The project is slated to be a 1,167 Marriott Marquis, which would be one of the city's largest hotels."
More here. Now to wait and see where that extra $80 million will come from...
UPDATE: WBJ reports on the near deal, which includes this: "The developers and key members of the D.C. Council began considering alternatives and Thursday said they had found one. In it, the Washington Convention Center Authority would contribute an $80 million loan -- a far smaller price tag than the mayor proposed -- and the developers would raise their equity participation from $135 million to $320 million with the backing of ING Clarion Real Estate Investment, the U.S. subsidiary of ING Real Estate and one of the city's largest property owners."
UPDATE II: The Examiner's story, with this morsel: "Evans, chairman of the Finance and Revenue Committee, said he hoped to forestall the 'hysteria' of people thinking their projects were being eliminated. No projects will be dropped, he said. 'We're heading in the completely opposite direction,' he said."
UPDATE III: And the Post's for-print-publication version of their article, with a slightly less snarky Evans quote: "In recent days, some community and political leaders became concerned when the Washington Business Journal published a story suggesting that some development projects would have to be scrapped so the hotel could be built without exceeding the city's debt limit. Evans said the prospect of full public financing appears to have motivated the developers into putting up the equity so they could gain more of the profits. 'It caused everyone to focus, step up and get it done,' said Evans, who added that he hopes the council will vote on the proposal next month so construction can begin in the fall."
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Mark_M says: (6/18/09 9:51 PM)
Does this now mean that the convention center hotel will now NOT be "taking" money from the Near SE projects as earlier thought?


Joe in DC says: (6/19/09 9:13 AM)
Mark that seems to be the case. Ahhhhh... now that is what I call a creative solution to a pesky financial problem. Lets be frank here, there was no "hysteria" as our esteemed council member Evans has been publicly quoted. Its called citizen action. Shocker!!! Who knew?

Had not the citizens of this city with a vested interest in the Near S.E/Navy Yard & the S.W. Waterfront put the council on notice that we were not going to quietly stand by while our interests were trampled on, the outcome may have been very different. The stakes are too high and the possibility that a dreadful outcome could have occurred is too real. Hysteria-schmeria! It is our right and our duty to stand up and have our voices heard. It is interesting how quickly the council and developers were able to come up with the necessary financing for the hotel once they got caught with their hands in the cookie jar. They wanted an easy and expeditious solution to building the new hotel and were willing to do it at our expense.

Folks, we may have other tricky issues ahead of us (hopefully not), but we must be willing to fight for the type of community we have been sold. The Near S.E/Navy Yard and neighboring S.W Waterfront is poised to be the envy of the city and I for one will do my part to ensure that it is. Thank you to all of you who got involved on this issue and most of all, thank you JD for your tireless efforts on behalf of the Near S.E.

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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  
500 B/O M ST SE   THEFT F/AUTO
 06/28/15
1000 B/O 1ST ST SE   THEFT
2nd Degree - Parking Lot/ Garage
 06/28/15
1100 B/O NEW JERSEY AVE SE   THEFT
 06/28/15
400 B/O M ST SE   THEFT
2nd Degree - Grocery/ Supermarket
 06/25/15
300 B/O TINGEY ST SE   THEFT
 06/24/15
900 B/O 3RD ST SE   THEFT F/AUTO
Theft From Auto 1 - / Unknown
 06/23/15
1100 B/O NEW JERSEY AVE SE   THEFT
2nd Degree - Construction Site
 06/23/15
1100 B/O 1ST ST SE   THEFT
2nd Degree - Residence/ Home
 06/22/15
1000 B/O K ST SE   MOTOR VEHICLE THEFT
Unauthorized Use Of Vehicle
 06/22/15
1100 B/O 1ST ST SE   THEFT F/AUTO
- Parking Lot/ Garage
 06/21/15
1000 B/O 8TH ST SE   THEFT F/AUTO
 06/20/15
800 B/O L ST SE   THEFT F/AUTO
 06/20/15
   THEFT
2nd Degree
 06/19/15
54 B/O M ST SE   THEFT F/AUTO
 06/19/15
400 B/O M ST SE   ASSAULT W/DANGEROUS WEAPON
Adw -- Other Dangerous Weapon - Public Housing Project
 06/19/15
400 B/O M ST SE   THEFT
 06/14/15
K & HALF ST SE   THEFT F/AUTO
 06/11/15
1300 B/O 4TH ST SE   ASSAULT W/DANGEROUS WEAPON
 06/11/15
UNIT B/O K ST SE   THEFT F/AUTO
 06/11/15
VIRGINIA AVE & 8TH ST SE   THEFT F/AUTO
 06/10/15
8TH & L ST SE   THEFT F/AUTO
 06/10/15
500 B/O M ST SE   THEFT
 06/09/15
1100 B/O 1ST ST SE   THEFT
 06/09/15
900 B/O NEW JERSEY AVE SE   THEFT
 06/07/15
L & HALF ST SE   MOTOR VEHICLE THEFT
 06/06/15
900 B/O 5TH ST SE   THEFT F/AUTO
 06/03/15
700 B/O L ST SE   THEFT
 06/03/15
1200 B/O NEW JERSEY AVE SE   THEFT
 06/03/15

Recent Issued Building Permits Archive  
1011 1ST ST SE   
06/24/15 
NA NA NA
EHOP1590680 / HOME OCCUPATION
1265 1ST ST SE   
06/25/15 
HAMPTON INN / TIM MEALEY SIGNS; NONE
SG1500270 / CONSTRUCTION
INSTALL SIGN 37.3 FT X 4FT INSTALL 1'X9' SIGN ABOVE THE DOOR
1277 1ST ST SE   
06/23/15 
ANCHOR CONSTRUCTION
AH1500523 / CONSTRUCTION
EXCAVATION CATCH BASINS MANHOLE INSTALLATION SEWER MAIN LINE SEWER SERVICE LATERAL
1000 5TH ST SE   
06/17/15 
DISTRICT OF COLUMBIA /
P1506682 / SUPPLEMENTAL
82 I ST SE   
06/23/15 
CSX TRANSPORTATION INC / MILLER?LONG
TC1500024 / CONSTRUCTION
TOWER CRANE FOR JOBSITE USE
   
06/25/15 
CRANE SERVICE CO / CHRISTINE LONG
AH1500530 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 4:00AM THRU 9:00PM
125 L ST SE   
06/26/15 
CRANE SERVICE CO / CRANE SERVICE CO; CHRISTINE LONG
AH1500526 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 4AM SATURDAY THRU 9PM SUNDAY
55 M ST SE   
06/16/15 
HINES GLOBAL REIT 55 M STREET LLC / DENNIS R. WOODE
E1506693 / SUPPLEMENTAL
   
06/17/15 
HINES GLOBAL REIT 55 M STREET LLC /
P1506705 / SUPPLEMENTAL
80 M ST SE   
06/19/15 
WELLS REIT II 80 M STREET LLC /
P1506802 / SUPPLEMENTAL
50 M ST SE   
06/19/15 
WASHINGTON DC / FRANCISCO CRANERENTAL CO.
AH1500511 / CONSTRUCTION
AFTER HOURS PERMIT TO WORK SATURDAY 5AM TO 7PM SUNDAY INCONJUNCTION WITH D-DOT PERMIT # 10194482
55 M ST SE   
06/16/15 
HINES GLOBAL REIT 55 M STREET LLC / DENNIS R. WOODE
E1506692 / SUPPLEMENTAL
   
06/17/15 
HINES GLOBAL REIT / JOHN KITTELBERGER; HINES GLOBAL REIT; JOHN KITTELBERGER
P65815829 / SUPPLEMENTAL
80 M ST SE   
06/16/15 
UNKNOWN UNKNOWN / PATRICK BARRON; UNKNOWN UNKNOWN; ROBIN MALLEY
E70224790 / SUPPLEMENTAL
400 M ST SE   
06/17/15 
EDGEWOOD MANAGEMENT CORP.
B1508977 / CONSTRUCTION
FIRE DAMAGE REPAIR TO ORIGINAL CONDITION .ALL INTERIOR WORK NO STRUCTURAL DAMAGE. REMOVE AND REPLACE AS NEEDED DRYWALL DISCONNECT RECONNECT PLUMBING FIXTURES . REWIRE AS NEEDED IF NEEDED FINISHES AND PAINT.
800 NEW JERSEY AVE SE   
06/18/15 
BAKER DC / CHRISTINE LONG
AH1500510 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM7:00PM THRU 7:00AM MONDAY THRU SUNDAY
1000 NEW JERSEY AVE SE   
06/25/15 
DANIEL WHITE
PC41402425 / POST CARD
INSTALLATION OF NOT MORE THAN 10 NEW OUTLETS AND NOT MORE THAN 10 NEW LIGHTING FIXTURES FOR A RESIDENTIAL COMMERCIAL OR INDUSTRIAL PROJECT.
1111 NEW JERSEY AVE SE   
06/15/15 
MILLER?LONG
AH1500500 / CONSTRUCTION
AFTER HOURS TO POUR CONCRETE ON JOBSITE 6 / 16 / 2015 FROM 4AM TO 9PM
   
06/23/15 
MILLER?LONG
TC1500021 / CONSTRUCTION
TOWER CRANE FOR JOBSITE USE
1236 SOUTH CAPITOL ST SE   
06/16/15 
1244 SOUTH CAPITOL RESIDENTIAL LLC / WILLIAM G WATT
E1506682 / SUPPLEMENTAL
1244 SOUTH CAPITOL ST SE   
06/17/15 
1244 SOUTH CAPITOL RESIDENTIAL LLC C/O THE JBG COMPANIES / PITTINGER-DUNHA CAPITOL PERMITS
B1508279 / CONSTRUCTION
APPLICATION IN SUPPORT OF A TEMPORARY CERTIFICATE OF OCCUPANCY ALLOWING A POP-UP FOOD VENDOR TO SELL PREPARED FOODS INCLUDING BEER AND WINE ON A PRIVATE VACANT FORMER GAS STATION LOT ADJACENT TO THE NATIONAL'S STADIUM. CERTIFICATE WILL GAVE AN EXPIRATION DATE OF OCTOBER 5TH 2015. NO ALTERATION OR REPAIR WORK NEEDED FOR THIS USE OTHER THAN THE ERECTION OF 2 TEMPORARY 10'X10' TENTS.
   
06/19/15 
244 SOUTH CAPITOL RESIDENTIAL LLC C/O THE JBG COMPANIES / PITTINGER-DUNHA CAPITOL PERMITS
D1500624 / CONSTRUCTION
DEMOLITION OF A FREESTANDING CANOPY FROM VACANT LOT.
1500 SOUTH CAPITOL ST SE   
06/11/15 
JOHN GIUSEPPE / DONALD VEALS; JOHN GIUSEPPE; DONALD VEALS
E22773716 / SUPPLEMENTAL
   
06/11/15 
NATIONALS STADUIM / RANDAL COX; NATIONALS STADUIM; RANDAL COX
E37461133 / SUPPLEMENTAL
   
06/11/15 
JOHN GIUSEPPE / PHIL HAUHN; JOHN GIUSEPPE; PHILIP HAUHN
E19554829 / SUPPLEMENTAL
   
06/12/15 
WASHINGTON NATIONALS / KRISTINA DELGADO
B1506910 / CONSTRUCTION
INTERIOR ALTERATION TO CONVERT THREE SMALL SUITES INTO ONE LARGE SUITE
   
06/15/15 
WASHINGTON NATIONALS /
P1506602 / SUPPLEMENTAL
   
06/16/15 
NATIONALS PARK / RANDAL COX; NATIONALS PARK; RANDAL COX
E24923456 / SUPPLEMENTAL
   
06/17/15 
WASHINGTON NATIONALS / STEPHEN J. EXELBERT
P1506712 / SUPPLEMENTAL
   
06/17/15 
NATIONALS PARK / NATIONALS PARK; GEORGE DELGADO
F1500177 / CONSTRUCTION
REPLACEMENT OF 6 EXISTING FENCES AND GATES.
   
06/17/15 
NATIONALS PARK / GEORGE DELGADO
B1504325 / CONSTRUCTION
REMOVING EXISTING EXTERIOR CUSTOM ENTRY EXIT SWING GATES AND REPLACING THEM WITH PERIMETER SECURITY MAGNETOMETER IN CUSTOM ENTRY GATES SYSTEM.
   
06/19/15 
WASHINGTON NATIONALS / KRISTINA DELGADO
B1506810 / CONSTRUCTION
INSTALL A NEW PIZZA OVEN TO REPLACE EXISTING STONE COUNTER AND REFRESH ADJACENT FINISHES
   
06/23/15 
HEE YEOL HWANG
E1506849 / SUPPLEMENTAL
   
06/23/15 
WASHINGTON NATIONALS / WILLIAM P SAUREST
P1506904 / SUPPLEMENTAL
   
06/23/15 
LERNER / GEORGE DELGADO
B1509214 / CONSTRUCTION
FIRE ALARM WORK
   
06/23/15 
LERNER ENTERPRISES / NELSON TYLER SR; LERNER ENTERPRISES; NELSON TYLER
G94674970 / SUPPLEMENTAL
   
06/23/15 
LERNER ENTERPRISES / NELSON TYLER; LERNER ENTERPRISES; NELSON TYLER
P39325856 / SUPPLEMENTAL
   
06/27/15 
KRISTINA DELGADO / KRISTINA DELGADO; KRISTINA DELGADO; PHIL HAUHN
E79532492 / SUPPLEMENTAL
301 WATER ST SE   
06/18/15 
ATHUR LI / ALTAMERA GROUP / PETER NETTELBEC TEASS-WARREN ARCHITECTS
TL1500091 / CONSTRUCTION
NEW TENANT LAYOUT OF EXISTING CORE AND SHELL SPACE PERMITTED UNDER B1306803 / ZC #08-04A FOR A NEW RESTAURANT {PIZZA KIOSK} IN TENANT SPACE A WORK TO INCLUDE NEW MECHANICAL ELECTRICAL AND PLUMBING.
   
06/25/15 
FC LUMBER SHED LLC /
P1507016 / SUPPLEMENTAL
355 WATER ST SE   
06/11/15 
YARDS PARK / STANLEY HUBBARD; YARDS PARK; STANLEY HUBBARD
E11217586 / 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  
M ST   04/10/15
$ 20,000,000
25 M STREET HOLDINGS LLC JOHN AKRIDGE COMPANIES
 


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