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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).
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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  
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2 (Theft F/Building)
 07/29/15
400 B/O M ST SE   THEFT
Theft 1 (Theft F/Building)
 07/28/15
1200 B/O 1ST ST SE   THEFT
Theft 2 (Theft F/Building)
 07/25/15
700 B/O L ST SE   ROBBERY
Robbery Snatch Or Pursesnatch
 07/23/15
1000 B/O HALF ST SE   THEFT
2nd Degree
 07/13/15
400 B/O M ST SE   THEFT
Theft 2 (Theft F/Building)
 07/09/15
70 B/O I ST SE   THEFT F/AUTO
Theft From Auto 1
 07/08/15
100 B/O M ST SE   THEFT
2nd Degree
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300 B/O L ST SE   THEFT
2nd Degree
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70 B/O I ST SE   THEFT
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 07/06/15
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Recent Issued Building Permits Archive  
1200 1ST ST SE   
07/16/15 
FOREST CITY WASHINGTON / W. TEASS / P.NETTELBECK / TEASS/ WA; RAMSEY MEISER
BCIV1500036 / CONSTRUCTION
CONSTRUCTION OF A TEMPORARY PARKING LOT OPEN PARK SPACE. ALL WORK TO BE PERFOMED IN PRIVATE PROPERTY.
   
07/21/15 
DISTRICT OF COLUMBIA / MARK EY FUHRMAN
E1507720 / SUPPLEMENTAL
1331 2ND ST SE   
07/17/15 
CORMAN CONSTRUCTION / PAMELA STRICKLAND
SH1500057 / CONSTRUCTION
SUPPORT OF EXCAVATION FOR DC WATER OWNED SEWER STRUCTURE CSO 009 / 011A
   
08/03/15 
DC WATER DC WATER / CORMAN CONSTRUC CORMAN CONSTRUCTION
AH1500648 / CONSTRUCTION
TUNNEL BORING MACHINE / EQUIPMENT
1016 3RD ST SE   
07/15/15 
CARLOS DIAZ / JOSEPH SEMPER; CARLOS DIAZ; JOSEPH SEMPER
E78706918 / SUPPLEMENTAL
   
07/23/15 
ROBIN SANTILLAN / ROBIN SANTILLAN; ROBIN SANTILLAN; CARLOS MONTES
P55998454 / SUPPLEMENTAL
   
07/31/15 
ANAMARIA R MOTTOLA / DONALD V. ELLENBERGER
M1502813 / SUPPLEMENTAL
1000 5TH ST SE   
07/16/15 
DISTRICT OF COLUMBIA / MAURY M. PARKER
M1502393 / SUPPLEMENTAL
   
07/23/15 
DISTRICT OF COLUMBIA / WALTER T JONES
E1507778 / SUPPLEMENTAL
   
07/29/15 
N/A DC HOUSING
B1510526 / CONSTRUCTION
INSTALLATION OF NEW FIRE ALARM SYSTEM FOR ARTHUR CAPPER COMMUNITY CENTER
1007 8TH ST SE   
07/23/15 
CALLE OCHO LLC / JERONE SCOTT
P1507675 / SUPPLEMENTAL
901 HALF ST SE   
07/21/15 
BAKER DCLLC / CHRISTINE LONG
AH1500614 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 3AM THRU 9PM
1201 HALF ST SE   
07/27/15 
WEST HALF RESIDENTIAL II LLC / ECS MID-ATLANTIC LLC C/O DON SESER
SB1500398 / CONSTRUCTION
WE WILL PERFORM A TOTAL OF THREE SOIL BORINGS ON THE PROPOSED SITE. THE BORINGS WILL BE ADVANCED TO A DEPTH OF 60 TO 100 FEET BELOW EXISTING SITE GRADES AND WILL BE LOCATED WITHIN THE BOUNDS OF THE PRIVATE PROPERTY. THE BORINGS WILL BE DRILLED UTILIZING 3.25-INCH HOLLOW STEM CONTINUOUS FLIGHT AUGERS. THE BORINGS WILL BE PERFORMED UTILIZING AN ATV-MOUNTED DRILL RIG AND WILL GENERATE AN APPROXIMATE ...
1220 HALF ST SE   
07/31/15 
BUFFALO WILD WINGS / DANIEL RUDE; BUFFALO WILD WINGS; DANIEL RUDE
P66073039 / SUPPLEMENTAL
   
07/31/15 
BUFFALO WILD WINGS / DANIEL RUDE; BUFFALO WILD WINGS; DANIEL RUDE
G33633628 / SUPPLEMENTAL
55 K ST SE   
07/30/15 
BAKER DC LLC / CHRISTINE LONG
AH1500643 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 12:01AM SATURDAY THRU 11:59PM SUNDAY
601 L ST SE   
07/15/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / EDUARDO L. LOPEZ
E1507545 / SUPPLEMENTAL
50 M ST SE   
08/03/15 
PEPCO PEPCO
AH1500644 / CONSTRUCTION
AFTER HOURS WORK FOR THE FOLLOWING LOCATIONS: 50 M ST. SE 100 15TH ST. SE 2ND ? H ST. SE 1054 31ST ST. NW 500 WATER ST. SW 1000 WATER ST. SW 7TH ? H ST. NE WISCONSIN AVE ? Q ST. 1331 4TH ST SW 13TH ? 14TH ST. BETWEEN G ST AND EYE ST. NW 2124 EYE ST. NW
55 M ST SE   
07/15/15 
HINES GLOBAL REIT 55 M STREET LLC / CARL J. SMITH
E1507529 / SUPPLEMENTAL
   
07/27/15 
HINES GLOBAL REIT 55 M STREET LLC / ANTHONY G SAMBURG
E1507875 / SUPPLEMENTAL
99 M ST SE   
07/15/15 
BALLPARK SQUARE 701 LLC / LP CONSULTING SERVICES
SH1400072 / CONSTRUCTION
SHEETING AND SHORING AS PER PLANS FOR NEW OFFICE BUILDING
   
07/15/15 
BALLPARK SQUARE 701 LLC / LP CONSULTING SERVICES
FD1500019 / CONSTRUCTION
FOUNDATION TO GRADE IN PREPARATION FOR CONSTRUCTION OF A NEW MIXED USE BUILDING
100 M ST SE   
07/21/15 
SQUARE 743 INC / JOSE UMANZOR-ALVAREZ; SQUARE 743 INC; ROBERT LAWALL
E99685352 / SUPPLEMENTAL
   
07/21/15 
UNKNOWN UNKNOWN / PATRICK BARRON; UNKNOWN UNKNOWN; ROBIN MALLEY
E65875186 / SUPPLEMENTAL
400 M ST SE   
07/23/15 
DISTRICT OF COLUMBIA HOUSING AUTHORITY (LAND) / VERNON A. MONTAGUE
P1507715 / SUPPLEMENTAL
74 N ST SE   
07/23/15 
CAPITOL RIVERFRONT HOTEL LLC / DAVID FONTANA MCKEEVER SERVICES CORP
B1403426 / CONSTRUCTION
CONCRETE PAVEMENT ENTIRELY ON PRIVATE PROPERTY FOR CONSTRUCTION ACCESS TO NEIGHBORING PROPERTY 1265 1ST ST SE.
800 NEW JERSEY AVE SE   
07/29/15 
BAKER DC LLC / BAKER DC LLC; CHRISTINE LONG
AH1500569 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 7PM THRU 7AM MONDAY THRU SUNDAY
909 NEW JERSEY AVE SE   
07/17/15 
SCARLET OAK / EVAN O'BRIEN/ D MCKEEVER SERVICES
B1507594 / CONSTRUCTION
TPR. REVISION TO EXISTING PERMIT # TL1500002. VALUE ENGINEERING RESULTING IN CHANGES TO MPE SYSTEMS AND MECHANICAL STRUCTURAL SUPPORT.
1111 NEW JERSEY AVE SE   
07/16/15 
GALLERY CAPITAL PROP LLC GALLERY CAPITAL PROP LLC / DONALD LAYTON; GALLERY CAPITAL GALLERY CAPITAL PROP LLC; TOM MCGUIRE
E77440335 / SUPPLEMENTAL
   
07/29/15 
GREGORY R. GOSNELL
P1507817 / SUPPLEMENTAL
1500 SOUTH CAPITOL ST SE   
07/15/15 
NONE / JAMES W CONNER
E1507526 / SUPPLEMENTAL
   
07/23/15 
LERNER DC
B1510545 / CONSTRUCTION
REVISION TO PERMIT NUMBER #B1506810 TO ADD EXHAUST HOOD.
   
07/28/15 
LERNER MANAGEMENT / GERARD MULLEN; LERNER MANAGEMENT; SCOTT BROADBENT
E69613955 / SUPPLEMENTAL
   
07/28/15 
NATIONALS PARK / GERARD MULLEN; NATIONALS PARK; SCOTT BROADBENT
E91113810 / SUPPLEMENTAL
301 TINGEY ST SE   
07/29/15 
NA NA NA
EHOP1590795 / HOME OCCUPATION
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;

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