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May 19, 2019
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It's more than 100 pages of high finance and headache-inducing legalese, but nonetheless I've gotten my hands on the "Preliminary Official Statement" for what is expected to be a $29 million PILOT bond sale to fund a series of infrastructure improvements for future phases of the Capper/Carrollsburg redevelopment. (This is the document written for investors to help them decide whether or not to purchase the bonds.) If you want to know all about how these bonds are being structured (with monies from the Downtown TIF playing a part), this is the document for you. It also has some good background on the Capper project if you're just catching up.
But it also has a few tidbits on the current and projected path of some upcoming parts of the overall project, starting on page 19. Here are the items that are probably of most interest, with the usual caveats that no timeline is written in stone anymore:
* Financing for the second phase of Capitol Quarter is being negotiated and is expected to close in mid-2010. Development work would then begin in August, and vertical construction in November. (Phase 2 covers the blocks between Third and Fourth and I and M, and will contain 116 new for-sale townhouses and 47 public housing rental units.)
* All but five of the 121 CQ phase 1 townhouses have sold, and two of those are being held back as model units.
* Financing is "being negotiated" for the planned apartment building on the northern half of Square 882, the site that's been the subject of my recent posts on the Marines coveting the site as well. That financing is expected to close in late 2010 according to this document, with an expected completion date of the apartment building in April 2012.
This $29M bond sale is not the last one for Capper infrastructure; the city council approved a total of $55 million in bond funding back in 2006, and the document says that the city "expects" another bond issuance for the rest of the money, "though the timing of such issuance is currently uncertain" (page 10).
As for what exactly the monies will be funding, the document lays out the following (page 22), though this is for the entire $55 million, so it can't be said that this current $29 million offering will cover all this (which will bum out the people who see the phase "community center"). Some of this work would also happen on the streets surrounding Canal Park:
* Repairing and replacing underground water and utility lines;
* Repairing streets and streetscapes and adding landscaping;
* Demolishing the DPW building (and smoke stack!) at 900 New Jersey, relocating DPW's operations, environmental site remediations (remember, that site was operating as a trash transfer site as far back as 1905);
* Building I Street through to New Jersey Avenue; and
* Constructing the new community center at Fifth and K.
It's expected that the bonds will be "priced" this week, with the sale closing by the end of the month.
I hear rumors that DPW could be out of their site by next spring, as the search continues for a new home for their operations (and maybe is getting close to a resolution).
Comments (6)
   
 
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incognito says: (3/22/10 3:45 PM)
It is subtle and wonky, but the canalparkdc.org website now has on their homepage the three dimensional model of the park as released by Studios architecture in their drawings. Uncertain how long ago this change was made but I do think it looks great. Now we just have to continue pushing for construction to begin asap and no later than the advertised September 2010.


bt says: (3/22/10 3:54 PM)
47 public housing rental units???? WHY? Aren't there enough? Are we encouraging people to be losers? I want to do nothing and live in a brand new housing community!! where do i sign up? what are the qualifications?


JD says: (3/22/10 3:58 PM)
The public housing component is the only reason why Capitol Quarter is being built in the first place. The entire redevelopment got a Hope VI grant from HUD to replace 700 units of public housing in a new development with the same 700 units plus another 800 market-rate units. 300 of the units were already built in Capper Seniors #1 and 400 M. The rest will be in the Capitol Quarter townhouses and in the 5 mixed-income apartment buildings.



Michael says: (3/22/10 4:25 PM)
Canal Park... little surprise that the Web site's link to the building schedule it broken )


Kenny says: (3/23/10 11:18 AM)
Isn't I Street already built to New Jersey Avenue? Or is my memory already failing me...


JD says: (3/23/10 11:19 AM)
Not from the east. I stops at Second/Canal, then starts again at New Jersey.

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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  
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 10/13/19
80 M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 10/11/19
100 B/O M ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 10/10/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 10/10/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 10/10/19
500 B/O L ST SE   THEFT
Theft First Degree (all Other Larceny)
 10/08/19
1400 B/O 11TH ST SE   ASSAULT WITH A DANGEROUS WEAPON  10/08/19
1200 B/O VAN ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 10/03/19
1200 SOUTH CAPITOL ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 10/03/19
1100 B/O HALF ST SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
 10/02/19
800 B/O VIRGINIA AVE SE   ROBBERY
Assault W/i To Commit Robbery (simple Assault)
 10/02/19
700 B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 09/24/19
900 B/O 4TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/23/19
1200 B/O 1ST ST SE   ROBBERY
Assault W/i To Commit Robbery (simple Assault)
 09/23/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/21/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 09/19/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/16/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 09/15/19
70 B/O I ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/15/19

Recent Issued Building Permits Archive  
1300 4TH ST SE   
10/07/19 
DFM DEVELOPMENT SERVICES, LLC / ARI BELMONTE; KONE
EN1903394 / SHOP DRAWING
Installation of (2) MRL KONE elevators in single hoistway. 15 Landings.
900 5TH ST SE   
10/08/19 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / TIMOTHY S CLEMONS; TIMOTHY S CLEMONS
M2000081 / SUPPLEMENTAL
   
10/08/19 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / RICHARD V CAREY; RICHARD V CAREY
P2000201 / SUPPLEMENTAL
4 I ST SE   
10/07/19 
CRESECENT CAPITOL VIEW MF LL / KIM MITCHELL; BEN KUNKLE
B1912371 / CONSTRUCTION
Third Party Review - Revision to Permit B1804349 (Approved Under the Velocity Program),Revision associated with additional occupiable spaces provided at the "Roof Floor" with corresponding egress, revised common space layouts and corresponding use and occupancy calculations, revisions to ground floor retail south entrance and amenity spaces at the ground level.
409 I ST SE 20003   
10/11/19 
JOSEPH KOCH / null
P2000322 / SUPPLEMENTAL
409 I ST SE   
09/27/19 
JOSEPH KOCH AND ELLEN FONG / ELIZABETH S MITCHEL; ELIZABETH S MITCHEL
B1915266 / CONSTRUCTION
Interior alteration including new kitchen, master bathroom and loft.
100 M ST SE 200   
10/09/19 
SQUARE 743 INC / ;
P2000249 / SUPPLEMENTAL
100 M ST SE 7TH FL   
09/26/19 
SQUARE 743 INC / ;
P1909869 / SUPPLEMENTAL
100 M ST SE 7TH FLOOR   
10/03/19 
3NW 100 M STREET LLC / DANNY L COLEY; DANNY L COLEY
E2000146 / SUPPLEMENTAL
100 M ST SE   
09/24/19 
SQUARE 743 INC / PHILIP J. MISEY; PHILIP J. MISEY
E1911913 / SUPPLEMENTAL
   
09/25/19 
SQUARE 743 INC / NAVID PARTOVI; NAVID PARTOVI
M1904391 / SUPPLEMENTAL
   
09/27/19 
SQUARE 743 INC / MIGUEL A. MOROTE; MIGUEL A. MOROTE
E1912028 / SUPPLEMENTAL
250 M ST SE   
09/26/19 
SQUARE 769 LLC / JEFFREY D WOLF
AH1901292 / CONSTRUCTION
After Hours permit is respectfully requested from 3 am to 7 am daily.
   
10/03/19 
SQUARE 769 LLC / STEVEN CHEN
AH2000003 / CONSTRUCTION
Work Onsite Only - Columbus Day
300 M ST SE   
10/01/19 
FEDERAL CENTE LP C/O CHARLES E SMITH / DANI B RADOYE; TBD
B1908440 / CONSTRUCTION
interior build out new tenant into existing space to include installation of cabinetry, flooring, wall base, ceiling system, and light fixtures, hvac system and distribution / difusers, electrical panel / equipment, accessible restrooms,drinking fountain and service sink. First 1st floor only.
139 N ST SE 19714   
10/01/19 
DISTRICT OF COLUMBIA / MIKE BOONE
AH1901332 / CONSTRUCTION
PEPCO-WO#1588714505-ALLEN / EFF / PATRICK-CREWS WILL BE CHANGING A TRANSFORMER.
861 NEW JERSEY AVE SE   
10/09/19 
GRAYSTAR GP 11,LLC / KIM MITCHELL; NA TBD
SH1900078 / CONSTRUCTION
Phase 2 - Excavation and support of excavation within 50' of DC Water Trunk Sewer line include pile installations
880 NEW JERSEY AVE SE   
09/20/19 
880 NEW JERSEY AVENUE LLC / PATRICIA J STAUB
BP1904750 / POST CARD
1275 NEW JERSEY AVE SE 20003   
10/14/19 
BROOKFIELD PROPERTIES / null
P2000362 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
09/26/19 
SQUARE 742 LLC / ;
P1909863 / SUPPLEMENTAL
   
10/01/19 
SQUARE 742 LLC / SUKWON KIM; SUKWON KIM; JJ ELECTRIC SERVICE, INC
SG1900513 / CONSTRUCTION
To install a set of LED channel letters "SUBWAY"
1275 NEW JERSEY AVE SE   
10/03/19 
UNITED STATES OF AMERICA / JUSTIN BELLOW;
SH1900050 / CONSTRUCTION
Sheeting and shoring for new building
1299 NEW JERSEY AVE SE   
09/24/19 
UNITED STATES OF AMERICA / FRED T FALCONE; FREE STATE DRILLING INC
SB1900446 / CONSTRUCTION
Six 7 inch hollow stem auger probe borings to 60ft and the installation of 2.75inch inclinometer casing.
301 TINGEY ST SE C-1   
10/03/19 
SEFC 160, LLC / JEFF NOLD
AH2000017 / CONSTRUCTION
CCTV Inspection of sewer system. on 3rd Street SE btween Tingey St. & Water St.
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
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)


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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