Since January, 2003
            
 (a random before-and-after moment)
July 20, 2004
June 9, 2016
3rd at M, Looking East (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)
   
 
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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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Recent Crime Incidents Archive  
150 B/O L ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 08/18/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 08/15/19
700 B/O L ST SE   THEFT
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400 B/O M ST SE   THEFT
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100 B/O M ST SE   THEFT
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400 B/O M ST SE   THEFT
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500 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
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400 B/O M ST SE   THEFT
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800 B/O VIRGINIA AVE SE   THEFT FROM AUTO
Theft First Degree (theft From Motor Vehicle)
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Shoplifting
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Theft 2nd Degree (all Other Larceny)
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Recent Issued Building Permits Archive  
1100 2ND PL SE   
08/06/19 
DC WATER / JEFF NOLD
AH1901095 / CONSTRUCTION
CCTV inspection of Sanitary Sewer sytem at the corner of 2nd Place and L Street SE.
808 3RD ST SE   
07/29/19 
LAURA R JENKINS / BRANDON K. VIERNES; BRANDON K. VIERNES
M1903669 / SUPPLEMENTAL
913 4TH ST SE   
08/07/19 
JANE SESSA / KYLE YOST; KYLE YOST
SOL1901388 / CONSTRUCTION
rooftop solar pv system, less than 4' above roof.
   
08/14/19 
JANE T SESSA / null
E1910482 / SUPPLEMENTAL
1331 4TH ST SE 719   
08/07/19 
null / NA NA NA
EHOP19936898 / HOME OCCUPATION
1346 4TH ST SE   
07/24/19 
FC 1346 HOLDCO I LLC / null
P1908097 / SUPPLEMENTAL
1346 4TH ST SE 20011   
08/16/19 
FC 1346 HOLDCO 1 LLC / null
E1910605 / SUPPLEMENTAL
312 K ST SE   
08/05/19 
HENRY LOWNDES MAURY TRUSTEES / null
E1910076 / SUPPLEMENTAL
   
08/07/19 
HENRY L MAURY / BJORN FALK; ANTHONY COLELLA
SOL1901686 / CONSTRUCTION
Install 6.54 solar PV system using 20 327-watt solar panels, roof mounted, with micro-inverters.
100 M ST SE   
07/29/19 
SQUARE 743 INC / KIM MITCHELL; MONUMENT REALITY
B1909745 / CONSTRUCTION
CONSTRUCTION OF OFFICE SPACE ON THE 7TH FLOOR - MULTI TENANT FLOOR IN AN EXISTING OFFICE BUILDING. THE SPACE IS IN SHELL CONDITION, NOT PREVIOUSLY OCCUPIED. THIS IS AN EXPANSION OF AN EXISTING TENANT ON THE 7TH FLOOR
   
08/06/19 
SQUARE 743 INC / PAUL THIEBERGER; PAUL THIEBERGER
P1908468 / SUPPLEMENTAL
   
08/16/19 
SQUARE 743 INC / BRIAN QUINN; NA
B1911537 / CONSTRUCTION
Interior renovation for new tenant in existing office space on partial area of the 9th floor.
300 M ST SE   
08/08/19 
FEDERAL CENTER LP / MIKE BOONE
AH1901148 / CONSTRUCTION
PEPCO-WO#15676746 / 02-ALLEN / CHESTER-CREWS WILL BE INSTALLING CABLE. 300 BLK M ST SE 400 BLK M ST SE 400 BLK TINGEY ST SE 1200 BLK 4TH ST SE THEY WILL BE TAKING PARKING LANE AND MIDDLE LANE M-F 11PM-7AM
800 NEW JERSEY AVE SE   
08/14/19 
NEW JERSEY AT H LLC / null
E1910458 / SUPPLEMENTAL
861 NEW JERSEY AVE SE   
08/07/19 
809-853 NEW JERSEY AVE ACQUISITION LLC / JOSEPH M MAGNOLIA; JOSEPH M MAGNOLIA
P1908508 / SUPPLEMENTAL
   
08/08/19 
GRAYSTAR GP 11,LLC / KIM MITCHELL
SH1900015 / CONSTRUCTION
Support of excavation for entire site for two below grade parking levels
   
08/14/19 
GRAYSTAR GP 11 LLC / MITCH A. PERMUY; MITCH A. PERMUY
E1910454 / SUPPLEMENTAL
   
08/14/19 
GRAYSTAR GP 11 LLC / MITCH A. PERMUY; MITCH A. PERMUY
E1910455 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
07/26/19 
SQUARE 742 LLC / WILLIAM SNODDY; TBD
B1911194 / CONSTRUCTION
Tenant Finish Out. Existing Condition to be demolished and new office space built to tenant's standards. Office consists of open office and private offices.
   
07/30/19 
SQUARE 742 LLC / null
P1908231 / SUPPLEMENTAL
   
08/06/19 
SQUARE 742 LLC / ;
P1908470 / SUPPLEMENTAL
   
08/06/19 
SQUARE 742 LLC / null
M1903804 / SUPPLEMENTAL
520 TINGEY ST SE   
08/12/19 
US GENERAL SERVICES ADMINISTRATION / JOHN WICKLIFFE; NA
TN1900153 / CONSTRUCTION
Install 100ft x 90ft Tent No Cooking, No Propane, No Stages, No Smoking Installed Aug 16, 2019 - Feb 9, 2020 Events Daily 8:00 am - 10:00 pm
227 TINGEY ST SE   
07/31/19 
UNITED STATES OF AMERICA / BILL SAUNDERS; BILL SAUNDERS
P1908289 / 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  
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Project Directory
Completed
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)


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