Since January, 2003
            
 (a random before-and-after moment)
March 22, 2007
June 9, 2016
3rd at Tingey, Looking South (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  
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 09/29/16
1400 B/O SOUTH CAPITOL ST   THEFT
Theft 2nd Degree (all Other Larceny)
 09/28/16
301 L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 09/26/16
16 B/O M ST SE   ROBBERY  09/23/16
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/23/16
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/19/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/18/16
1200 B/O 1ST ST SE   ASSAULT WITH A DANGEROUS WEAPON  09/17/16
400 B/O M ST SE   THEFT
Shoplifting
 09/16/16
1100 B/O 5TH ST SE   THEFT
Theft First Degree (all Other Larceny)
 09/06/16
700 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 09/06/16
1200 B/O 1ST ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 09/04/16
UNIT B/O I ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 09/04/16

Recent Issued Building Permits Archive  
1233 1ST ST SE   
09/16/16 
NA BALLPARK HOTEL LLC / NORTHEAST ELECTRIC; NA BALLPARK HOTEL LLC; HOSSEIN ECONO SIGN INC.
SG1600390 / CONSTRUCTION
To Install four signs: -3 - Channel letters on Raceways -1- Blade Sign
1331 2ND ST SE   
09/19/16 
DC WATER / DC WATER; CORMAN CONSTRUCTION
AH1601056 / CONSTRUCTION
After hour work for structure excavation and support for building permit B1311474 DC Water, Corman Construction 202-863-0052
933 5TH ST SE   
09/12/16 
null / NA NA NA
EHOP16924112 / HOME OCCUPATION
1150 5TH ST SE   
09/23/16 
DISTRICT OF COLUMBIA / BEDCO MOBILITY INC
EN1603252 / SHOP DRAWING
Type of Elevator : One (1) vertical wheel-chair lift / steel / front cashier space / handicap / 3rd floor
1015 HALF ST SE 700   
09/28/16 
HALF STREET SE LLC / null
P1609787 / SUPPLEMENTAL
1015 HALF ST SE   
09/14/16 
HALF STREET SE LLC HALF STREET SE LLC / DARIN PASQUALLE; HALF STREET SE LLC HALF STREET SE LLC; DARIN PASQUALLE
E24765056 / SUPPLEMENTAL
   
09/21/16 
HALF STREET SE LLC / 1015 HALF SE LLC; JOHN GIUSEPPE-RAMCO
B1610675 / CONSTRUCTION
Construction of elevator lobby and common corridors on the 7th floor as shown on the electronically submitted mechanical, electrical, fire protection, and arch. dwgs. Interior work only. No structural work involved. approx. 2275 sf.
   
09/27/16 
CASSIDY TURLEY / DARIN PASQUALLE; CASSIDY TURLEY; DARIN PASQUALLE
E76531161 / SUPPLEMENTAL
   
09/28/16 
HALF STREET SE LLC / null
P1609788 / SUPPLEMENTAL
80 M ST SE 400   
09/15/16 
WELLS REIT II 80 M STREET LLC / null
P1609454 / SUPPLEMENTAL
50 M ST SE   
09/15/16 
KCG 50 M LLC / KCG 50 M LLC ENGLEWOOD LLC; TRACIE CLAXTON; CLAXTON
SG1600460 / CONSTRUCTION
2 Wall mounted Signs - Reversed Channel Letter 2 small wall mounted plague
99 M ST SE   
09/16/16 
BALLPARK SQUARE 701, LLC SKANSKA COMMERCIAL DEVELOPMENT / BALLPARK SQUARE 701, LLC SKANSKA COMMERCIAL DEVEL
AH1601047 / CONSTRUCTION
Place concrete mat foundation slab. Before work hours - 3AM to 7AM on 9 / 19 / 2016 and 9 / 20 / 2016, if weather or jobsite delays prevail. Permit will only be needed / used for 1 of the 2 days. (Per ANC agreement "before hours work on ONE of the following days: either September 17, 19, or 20," & "to begin no earlier than 3:00 am" )
   
09/16/16 
BALLPARK SQUARE 701, LLC SKANSKA COMMERCIAL DEVELOPMENT / BALLPARK SQUARE 701, LLC SKANSKA COMMERCIAL DEVEL
AH1601048 / CONSTRUCTION
Place concrete at 99 M Street SE for mat foundation slab. Saturday 9 / 17 / 2016 concrete placement from 3AM to 7PM. (Per ANC agreement "before hours work on ONE of the following days: either September 17, 19, or 20," & "to begin no earlier than 3:00 am" )
200 M ST SE   
09/23/16 
DC GOVT / ROBERT S. WATTS
E1610422 / SUPPLEMENTAL
100 M ST SE   
09/20/16 
QUARE 743 INC / QUARE 743 INC; QUARE 743 INC; PHILIP HAUHN
E14003252 / SUPPLEMENTAL
202 M ST SE   
09/23/16 
UNITED STATES OF AMERICA / GILLIAN JIMENEZ CBS RADIO
TN1600204 / CONSTRUCTION
SPECIAL EVENT FIESTA 201 1 20 X 20 STAGE 1 20 X 20 TENT NO GENERATORS
861 NEW JERSEY AVE SE   
09/22/16 
NA CSX TRANSPORTATION, INC.
AH1601069 / CONSTRUCTION
Work in public ROW within the Virginia Avenue Tunnel Reconstruction Project LOD for utility, demolition, and concrete structure construction activities.
1100 NEW JERSEY AVE SE 8   
09/23/16 
SQUARE 742 LLC / JAMES W LASHER
E1610398 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE 845   
09/21/16 
SQUARE 742 LLC SPAULDING & SLYE C/O WC SMITH / SQUARE 742 LLC SPAULDING & SLYE C/O WC SMITH; WILLIAM SNODDY
B1612012 / CONSTRUCTION
Interior Renovation on the 8th Floor on behalf of Maxim Health 5,138 sqft
1100 NEW JERSEY AVE SE FLOOR 845   
09/23/16 
SQUARE 742 LLC / null
P1609686 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
09/14/16 
SPAULDING AND SLYE SPAULDING AND SLYE / HALEY HUGGINS; SPAULDING AND SLYE SPAULDING AND SLYE; JOHNNY RILING
E39166644 / SUPPLEMENTAL
   
09/28/16 
SQUARE 742 LLC SPAULDING AND SLYE C SQUARE742 LLC SPAULDING AND / KATE MITCHELL; SQUARE 742 LLC SPAULDING AND SLYE C SQUARE742 LLC; KENNETH BEECHNER
P10598870 / SUPPLEMENTAL
125 O ST SE   
09/19/16 
DISTRICT OF COLUMBIA / DC WATER HQ; DAVID FONTANA MSC
EX1600110 / CONSTRUCTION
Site grading and demo per erosion control plan only for future new DC Water HQ building under seperate permit.
1244 SOUTH CAPITOL ST SE   
09/19/16 
1244 SOUTH CAPITOL RESIDENTIAL LLC / RONALD C. CAYTON
E1610018 / SUPPLEMENTAL
385 WATER ST SE   
09/15/16 
FC 385 WATER LLC / EDUARDO L. LOPEZ
E1610139 / SUPPLEMENTAL
355 WATER ST SE   
09/14/16 
OLIVIA DARROW RAGNAR EVENTS LLC
TN1600198 / CONSTRUCTION
SPECIAL EVENT RAGNAR RELMAY WASHINGTON DC 2 20 X 20 TENTS 25 10 X 10 TENTS 1 30 X 40 TENT FENCING FOR BEER GARDEN
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
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 Capitol ('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
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