Since January, 2003
            
 Sliding from Before to After

I was going to wait through the weekend, but I wouldn't want it to seem like I was shirking. So here are today's entries for here's-the-latest-about-that-mysterious-neighborhood-near-Nationals-Park stories:
* The Post's Saturday real estate section has "People Flock to Live in DC's Capitol Riverfront Area Despite Commercial Stall," which focuses on the more than 1,700 new residents that have moved into Near Southeast since last year's Opening Day. It's a basic overview of the goings-on, but there is one tidbit of what I'd consider news: Forest City says that they are planning to restart the stalled Foundry Lofts residential renovation at the Yards next month, completing it in summer 2011. (No word on a start date for the retail renovation of the Boilermaker Shop across the street.) It's been mentioned before, but if you're not hanging on every word here at the blog, you might find the news of a redesign of 401 M Street from an office building to residential of interest, especially since that would speed the opening of a planned Harris Teeter on the ground floor. Elsewhere, the article also says that Velocity now has 75 units sold, although nowhere near that many have actually been closed on, according to land records (looks like around 30 as of early March).
* The Post's offspring publication the Express also published a piece today on the neighborhood, "From Frontier to Focal Point: Capitol Riverfront's Growth and Potential," which again focuses on the residents who have moved in despite the lack of retail. (The online version of the piece also has one whale of a coding error that suggests that the JDLand.com web empire is far more vast than I might have ever dreamed.) There's also an accompanying Capitol Riverfront Basics, laying out all the amenities that don't quite exist yet.
* And, while not really along the same lines as the other two, I should also point to the Post's feature today on the Trapeze School in its new home at the Yards.
I imagine there's more of these pieces to come over the next week. And really, I shouldn't be so cynical about them, since they do serve a purpose for the vast majority of the citizenry who don't pay much attention to the area; but I just think it's funny that this is now becoming such a standard late-March exercise for all media organizations. On the other hand, I sort of {ahem} did one myself last year, although it was more of a reaction to all the oh-my-God-there's-nothing-new-down-there thread that ran through the media coverage last time around, to show that there had been a lot of progress in the year since the ballpark opened. This year, as the stories are keying on, the progress is more inside the existing buildings than with any new developments.
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MJM says: (3/27/10 3:28 AM)
C'mon JD :) the 09 vs 10 news seems to be much more positive this year? Boilermaker with types of shops and redesign of the HT building is significant (who to believe on that news?).

This year is the turning point whether or not you really believe it - credit markets are finally opening up (you can't keep all this money on the sideline forever). At some point Forest City is gonna tap into that credit line they got a few months ago.

These stories are much more positive than anything we've seen since Sep 08!


JD says: (3/27/10 9:03 AM)
I think you're kind of misunderstanding my cynicism--I was referring to the concept that now every media outlet in the city feels the need to do stories on this neighborhood in March, tied to the opening of the ballpark. (Not exactly very original!)

And yes, there's been a more positive point of view to the ones so far this year compared to last year. I think last year most reporters hadn't yet grasped how bad the commercial real estate market really had become, and were tsk-tsking that the development had been stalled, as if it was a problem with the neighborhood instead of a financial system that had all but collapsed. Now there's more of a recognition of the scope of the downturn region-wide (and across the country), which is why this year's stories already seem to have an almost surprised narrative of wow-look-people-are-actually-living-there.

But I do think optimism for 2010 should remain guarded. The non-residential commercial real estate market in DC is still all but extinct (which is why Forest City is looking to redesign 400 M, since office space just ain't happening), and most big-shot market watchers say that it won't really start to recover until next year. Considering all the projects on the boards in Near Southeast, it's not really the hallmark of a turnaround that right now it looks like *one* will get (re-)started soon (Foundry), along with one other just restarted (1015 Half). That means the only "new" projects for 2010 (other than parks and bridges) are the two "skeletons" that stopped work last year.

And the news on the Boilermaker shop isn't *new*--that's what they've planned all along, and have had retailer commitments for a while now, but the financial markets haven't loosened enough to get the money.

This isn't to say that the area is doomed; far from it. I've always said that this downturn is Development Delayed, Not Denied. It'll all come. But I just wouldn't be looking for many non-government-monied groundbreakings and openings this year.


John says: (3/27/10 2:16 PM)
Where will residents of foundry loft park? and any word on who the retailers are who signed letters of commitment at the Boilermakers shop? Thanks


MJM says: (3/27/10 3:19 PM)
Maybe I did :) but it was really good to see a positive article after years of negative ones. All it will take is a little development to get things rolling and with a switch to residential over office space will make it easier to get that elusive funding. It will come around, it was just a matter of "bad" timing but things are looking up for this year.


JD says: (3/27/10 4:38 PM)
John--I imagine the Foundry Lofts people will get some sort of deal to park in the surface lots on either side of the building (and then underground beneath the buildings that will eventually go up on those lots).

None of the Boilermaker Shops commitments have ever been made public.

MJM--You are definitely a glass-half-full kind of guy! :-)


DS says: (3/28/10 4:27 PM)
Strange, DC's public records site is only showing six closed homes at Velocity since November. What site has about 30 posted?


JD says: (3/28/10 7:45 PM)
Landata.com shows the deeds. You have to be looking for Square N0699 (22 deed records). The ones listed for Square 0699 (no N) are incorrectly classified, so should be added to the Square N0699 ones. Velocity is on Square 699n.

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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.

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1300 4TH ST SE 1001   
02/22/21 
AP BOWER RETAIL LLC / null
E2104231 / SUPPLEMENTAL
1346 4TH ST SE APT 1M   
02/06/21 
null / NA NA NA
EHOP21945129 / HOME OCCUPATION
1331 4TH ST SE R-2   
02/08/21 
FC 1331 LLC / FC 1331 LLC
BP2101814 / POST CARD
10 I ST SE   
02/16/21 
CAPITOL HILL RACQUET CLUB / NA; VICTORIA STEINHOFF
SB2100112 / CONSTRUCTION
Installation of up to six (6) 3-inch diameter direct-push Geoprobe borings to depths of up to 30 feet below grade as part of an environmental assessment.
555 L ST SE   
01/29/21 
UNITED STATES OF AMERICA / RENNE WELL; RICK HARLAN SCHNEIDER
B2102004 / CONSTRUCTION
DGS PROJECT REHABILITATION+RESTORATION OF THE HISTORIC LINCOIN FIELDHOUSE
861 NEW JERSEY AVE SE 20003   
02/23/21 
809-853 NEW JERSEY AVE ACQUISITION LLC / SUSANA VAZQUEZ
AH2100728 / CONSTRUCTION
Dismantling of tower crane.
809 NEW JERSEY AVE SE   
02/11/21 
GREYSTAR GP LLC 809-853 NEW JERSEY AVENUE ACQUISITION LLC / null
E2103926 / SUPPLEMENTAL
853 NEW JERSEY AVE SE   
02/11/21 
GREYSTAR GP LLC / null
E2103924 / SUPPLEMENTAL
861 NEW JERSEY AVE SE   
02/05/21 
GS CSX HOTEL OWNER LLC / null
E2103762 / SUPPLEMENTAL
1275 NEW JERSEY AVE SE   
02/02/21 
FC 1275 NJ LLC / null
E2103662 / SUPPLEMENTAL
   
02/11/21 
FC 1275 NJ LLC / null
P2103445 / SUPPLEMENTAL
848 SOUTH CAPITOL ST SE   
02/16/21 
CXS TRANSPORTATION INC / VICTORIA STEINHOFF; TBD
SB2100111 / CONSTRUCTION
Installation of up to six (6) 3-inch diameter direct-push Geoprobe borings to depths of up to 30 feet below grade as part of an environmental assessment.
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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