Since January, 2003
            
 (a random before-and-after moment)
February 11, 2007
August 24, 2008
Half at I, Looking North-Northeast (see more)

I attended my first-ever foreclosure sale this morning (yay...?), where the two lots at 23 I Street (the old Wendy's site) that JPI had purchased in 2007 for $28.6 million were to be auctioned off after JPI defaulted on its $25 million loan. However, there were no bidders for the 47,000-sq-ft piece of land (which doesn't include the Exxon next door), and so the property is now owned by Ruben Companies, which bought the original note from Key Bank earlier this year.
Ruben Cos. also owns the 1100 South Capitol lot (plus 1101 South Capitol, across the street and outside of my boundaries), and had at one point been working to purchase the St. Matthew's Church land at New Jersey and L before opting out.
The company has no plans to build anything soon on the 23 I lot--but if anyone's interested in renting the land for some interim entertainment use (a la Akridge's deal with the Bullpen on Half Street and even the trapeze school at the Yards), Ruben says they'd be willing to listen. Maybe the neighborhood could get a putt-putt course or something!
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Jeff Renter says: (10/13/09 11:34 AM)
Being a non-dog owner living in the Jefferson at Capitol Yards I can suggest that my fellow renters would probably LOVE a place to walk their dogs...and may even pay for it.

Other suggestions:

- An interim Canal Park skating rink
- "South Eastern Market" on the weekends (to complment Eastern market)
-Small childrens park to complement Garfield Park and put a "kid-friendly face" on Reuben Properties.
-




JT says: (10/13/09 1:05 PM)
I think in the interim they should open a Wendy's on that site.


Mike says: (10/13/09 3:15 PM)
Is there a min bid? I bid $1 for the land!


JD says: (10/13/09 3:17 PM)
Doesn't quite work that way, Mike! Besides, Ruben Cos. "started" the bidding at $5.5 million.


Actually Lives in Near SE says: (10/13/09 5:07 PM)
I will pay $.50 for the giant frosty on the roof! Love those things!!



Mike says: (10/13/09 6:08 PM)
I know :-p, but one can dream right?


G St says: (10/14/09 11:03 AM)
Putt-Putt for the fun of it!

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