Since January, 2003

Ad by Google
 (a random before-and-after moment)
January 2003
September 14, 2006
New Jersey at K, Looking Southeast (see more)

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)
   
 
 More About Capper

JDLand.com Home

Comments

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.

Add a Comment:

Comments are closed for this post.

JDLand Comments RSS Feed

See All Current News Items | Full Blog Archive

 

JDLand.com's Official Unofficial Guide, Updated for 2015!
 Top News
  
rpyxyz on Marines Pick Existing: This sounds like the right pick for all people involved. That "nice, big, fou...
JES on Marines Pick Existing: Excellent news from a land use perspective
conngs0 on More Zoning News: Thanks, JD! I agree that the newest rendering is a tremendous improvement over t...
JD on More Zoning News: If you read this post when I first put it up, check out the new versions of thre...



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
1331 2ND ST SE   
06/29/15 
CORMAN CONSTRUCTION
AH1500543 / CONSTRUCTION
TUNNEL BORING MACHINE ? EQUIPMENT
1000 5TH ST SE   
06/17/15 
DISTRICT OF COLUMBIA /
P1506682 / SUPPLEMENTAL
909 HALF ST SE   
06/29/15 
23 I LLC C/O RELATED COMPANIES / PITTINGER-DUNHA CAPITOL PERMITS
FD1500043 / CONSTRUCTION
FOUNDATION-TO-GRADE ONLY UNDER THIS TPR / PROJECTDOX SUBMISSION.
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.
1100 NEW JERSEY AVE SE   
06/30/15 
DC WATER
AH1500545 / CONSTRUCTION
INSTALLING AND MAINTAINING FLOW METERS AT SPECIFIC MANHOLES ON THE STREET AT 1100 BLOCK OF NEW JERSY AVE SE AND ALONG BEACH DRIVE NW STREET FROM 7PM TO 7AM MONDAY TO FRIDAY FROM 07 / 06 / 15 TO 07 / 01 / 16
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   
06/12/15 
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
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
 


Project Directory




     © Copyright 2015 JD.