Since January, 2003
            
 (a random before-and-after moment)
July 18, 2006
April 17, 2016
Half at M, Looking Southeast (see more)

Deeds have been recorded this afternoon indicating that the Ruben Companies has bought the two empty Exxon lots on South Capitol Street, at I Street SE and K Street SW.
The purchase of the 35,000-square-foot lot at South Capitol and I gives Ruben control of the entire block known as Square 697N; the company picked up the other 47,000 sq ft of the block back in 2009 after developer JPI defaulted on its loan for what was then the site of a Wendy's restaurant.
The other lot Ruben bought from Exxon, just south of the Capitol Skyline Hotel at South Capitol and K streets SW, is about 31,000 square feet and also gives the company control of that entire block, known as Square 648, after Ruben bought the other two lots in 2005 and 2007.
This now makes four sizeable sites that Ruben owns on this three-block stretch of South Capitol Street, since the company also owns 1100 South Capitol St. SE and 1101 South Capitol St. SW across the street, both of which are being marketed as office buildings.
The South Capitol and I Exxon closed down back in 2006, when the station's operator pleaded guilty to fradulently double-billing government contractors more than $120,000.
I don't know any more specifics about the sales at this point, and it's unlikely any buildings will be immediately sprouting on either site. But it is yet another bit of commercial development news that would seem to indicate that the worst of the downswing is past.
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MJM says: (7/5/11 11:28 PM)
Guess that is good news but now they can say they own them and do nothing with them for X # of years now. Hopefully they actually bought the land with an intent to build something on them. This financial crisis excuse is getting old going on three years especially in this area. Maybe we can get the companies west of the river to buy and develop since they have no problem doing that along the Orange Line unlike our companies here who can't seem to build or lease their projects. Just had to vent.


monkeyrotica says: (7/6/11 8:10 AM)
Most gas station sites are a nightmare to clean up. They're almost as bad as dry cleaners. I wouldn't look forward to any upscale eateries any time soon.


GaryRKarr says: (7/6/11 9:20 AM)
Word is they plan to put in a restaurant where the main supplies are sauerkraut, corned beef, swiss cheese and rye bread. Ruben's Reubens.


DC says: (7/6/11 9:45 AM)
MJM - your "vent" while perhaps sarcastic in nature illustrates a view devoid of reason and that is also representative of the type of "irrational exuberance" that assisted in creating the lending environment we have today - maybe going forward try thinking before venting

Gary - hilarious


NJA1000 says: (7/6/11 10:08 AM)
Are the gas stations classified as brownfields? If so, they could take a while to clean up before anything could be built on them.


MJM says: (7/6/11 1:44 PM)
DC - what I thought about is this: why are the companies that aren't present in Near-SE but are present in Arlington able to get finacing for projects in Arlington? The companies that rushed into the Near-SE land grab didn't have their books in order. FCE got hammered and just now coming back. Opus went under. Akridge - not sure what they are doing with their prime platforms. Monument's giant hole tied to Lehman. Cohen and the sculpture boxes and now rain garden (like the rain garden but that's sad you have to give land for a rain garden because you can't get money to build). We are stuck with companies in Near-SE that are still impacted by the crisis yet other parts of the city/region have companies that apparently weren't too impacted by the crisis and are building buildings like its 2007.

I would like to see companies be cautious but to buy the land and let it sit for 10 years and blame the crisis is just wrong at this point.


Alan says: (7/6/11 4:45 PM)
Well this explains the survey/property line posts and flags on the perimeter of the Wendy's lot. What I can't figure out is why DDOT removed the parking meters (concrete bases included) from Half between I and K. They also pulled the bases from the North side of I between Half and NJ Ave; the meters were never installed. Is residential parking being implemented?


jenniferp says: (7/11/11 4:25 PM)
MJM - rental rates in Arlington are going through the roof. It's the only submarket in the metropolitan area that has seen actual rent increases. These buildings under construction in Rosslyn are supposedly looking for rents in the $65+/sf range (and it may very well be higher). The Ballston project JBG has under construction only wants about $52/sf, but JBG had a tenant for one of the properties (Virginia Tech I think) and they started the project with all equity, thinking they could get debt financing after they finished the parking garage. Our rental rates for office in the new properties are in the low to mid $40's/psf which doesn't really justify new construction yet. Lerner's deal to fill his building with Bureau of Land Management was $34/psf, so at the moment he's losing a considerable amount of money on that building. We also have yet to attract "private" tenants, we're all pretty much GSA and associated contractors. They always have a lower rental threshold. I think GSA is currently capped at $48/psf in the District and after the SEC debacle, I don't think we'll see too much non-prospectus (needing Congressional approval) leasing for awhile. GSA leased a tremendous amount of space in the District over the last two years, out of the 3M SF of net absorption in 2010, they were reportedly responsible for about 2M SF of that and conventional wisdom (and the latest stats) say that gravy train is over.

Once they can get bank financing though, I'm sure they will start building again - developers are the ultimate optimists.

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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.

Recent Crime Incidents Archive  
1100 B/O K ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 07/25/16
1200 B/O HALF ST SE   BURGLARY
Burglary Two
 07/24/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 07/23/16
900 B/O 5TH ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 07/23/16
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 07/22/16
1100 B/O NEW JERSEY AVE SE   THEFT
Shoplifting
 07/20/16
900 B/O 4TH ST SE   ROBBERY  07/20/16
500 B/O L ST SE   THEFT
Theft First Degree (all Other Larceny)
 07/19/16
1400 B/O SOUTH CAPITOL ST   THEFT
Theft 2nd Degree (theft From Building)
 07/19/16
1000 B/O NEW JERSEY AVE SE   BURGLARY
Burglary One
 07/15/16
300 B/O L ST SE   ASSAULT WITH A DANGEROUS WEAPON  07/15/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 07/14/16
1400 B/O SOUTH CAPITOL ST   THEFT
Theft 2nd Degree (all Other Larceny)
 07/13/16
1000 B/O 8TH ST SE   THEFT
Theft 2nd Degree (all Other Larceny) - Highway/ Road/ Alley/ Street/ Sidewalk
 07/12/16
1000 B/O 3RD ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 07/10/16
1230 SOUTH CAPITOL ST SE   ASSAULT WITH A DANGEROUS WEAPON
Assault W/i To Kill
 07/09/16
900 B/O 1ST ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 07/06/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 07/06/16
900 B/O 2ND PLACE SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 07/06/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree - Felony (theft From Building)
 07/05/16
900 B/O 4TH ST SE   ROBBERY  07/04/16
1000 B/O HALF ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 07/02/16
1100 B/O 3RD ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 07/01/16
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/29/16
400 B/O I ST SE   ROBBERY  06/28/16
700 B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 06/27/16
400 B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 06/27/16

Recent Issued Building Permits Archive  
1331 2ND ST SE   
07/18/16 
DC WATER
AH1600880 / CONSTRUCTION
After Hours work for structure excavation and support for B1605659 DC Water, Corman Construction 202863-0052
1220 12TH ST SE   
07/22/16 
COPT COPT / COPT COPT; STEPHEN PALMER ELE
SG1600378 / CONSTRUCTION
Install 1 Illuminated wall sign - BAE Systems
1210 HALF ST SE   
07/08/16 
HINES GLOBAL REIT 55 M STREET LLC / KOSTAS RIKOS
M1602654 / SUPPLEMENTAL
   
07/09/16 
HINES GLOBAL / ALAN CARTER; HINES GLOBAL; ALAN CARTER
E91123768 / SUPPLEMENTAL
80 M ST SE   
07/22/16 
WELLS REIT II 80 M STREET LLC / WELLS REIT II 80 M STREET LLC; JOHN GIUSEPPE-RAMCO
D1600714 / CONSTRUCTION
INTERIOR DEMOLITION TO 1ST, 2ND AND 3RD FLOOR OFFICE SPACE COLUMBIA PROPERTY TRUST AS SHOWN ON THE ELECTRONICALLY SUBMITTED ARCHITECTURAL DEMOLITION PLANS. NO STRUCTURAL WORK INVOLVED. NO CHANGE IN USE. INTERIOR WORK ONLY. 66,684SF
300 M ST SE   
07/06/16 
FDSAFF SFVVSD / GBSDFG DFSB; FDSAFF SFVVSD; ANDREW ARNTSON
P30280792 / SUPPLEMENTAL
   
07/06/16 
FDBGSDFBH FDBSDFBH / DGVSDFG FDBHSDFH; FDBGSDFBH FDBSDFBH; ANDREW ARNTSON
P33816084 / SUPPLEMENTAL
   
07/06/16 
SDFBDFBG DFBSDZB / FDHBSDFH HFDSHDF; SDFBDFBG DFBSDZB; ANDREW ARNTSON
P65774672 / SUPPLEMENTAL
   
07/06/16 
DFBSDF FDBFSDAB / NGFNHDF DNGDN; DFBSDF FDBFSDAB; ANDREW ARNTSON
P74131693 / SUPPLEMENTAL
   
07/06/16 
FDBVSDG DFSG / FBDSBH DFHBSD; FDBVSDG DFSG; ANDREW ARNTSON
P72964153 / SUPPLEMENTAL
   
07/06/16 
BVNXFN NXNXG / GSDFG FGDBHSDF; BVNXFN NXNXG; ANDREW ARNTSON
P77859141 / SUPPLEMENTAL
   
07/06/16 
SDGASEG SDFGSARGH / FDHSDH GHSFDH; SDGASEG SDFGSARGH; ANDREW ARNTSON
P76857584 / SUPPLEMENTAL
   
07/06/16 
GFD GFNH / BFDB DFSB; GFD GFNH; ANDREW ARNTSON
P84902014 / SUPPLEMENTAL
   
07/06/16 
HGDSHDT DFHSH / SDFGHASD DFHSDH; HGDSHDT DFHSH; ANDREW ARNTSON
P90289244 / SUPPLEMENTAL
   
07/06/16 
GCBXDF GFNDM / DFSHDFH DHSDHHG; GCBXDF GFNDM; ANDREW ARNTSON
P90555680 / SUPPLEMENTAL
515 M ST SE   
07/14/16 
FOREST CITY / FOREST CITY; KILLETTE AND ASSOC
B1610381 / CONSTRUCTION
REMOVE 2 NON LOAD BEARING PARTITIONS TO CREATE OPEN SPACE AND REPLACE EXISTING DOORS WITH NEW GLASS DOORS IN KIND.
800 NEW JERSEY AVE SE   
07/06/16 
SQUARE 737 LLC / JOHN H THOMSON
E1606696 / SUPPLEMENTAL
1111 NEW JERSEY AVE SE   
07/19/16 
GALLERY CAPITOL RIVERFRONT PROPERTY LLC / THOMAS P MCGUIRE
E1608268 / SUPPLEMENTAL
25 POTOMAC AVE SE   
07/08/16 
MRP RESIDENTIAL / JASON OLYMPIA SWIMMING POOL CO., INC.
SP1600008 / CONSTRUCTION
838 s.f. swimming pool inside existing concrete sub-structure of 9 story building. building permit B1408697. This Permit submission for pool construction only. All MEP work for pool equipment, Architectural work, and Structural work of the building slabs to be completed per approved building permit previously mentioned.
1244 SOUTH CAPITOL ST SE   
07/06/16 
1244 SOUTH CAPITOL RESIDENTIAL, L.L.C. / RONALD C. CAYTON
E1607601 / SUPPLEMENTAL
   
07/06/16 
1244 SOUTH CAPITOL RESIDENTIAL, L.L.C. / RONALD C. CAYTON
E1607602 / SUPPLEMENTAL
   
07/14/16 
1244 SOUTH CAPITOL RESIDENTIAL, L.L.C. / GLENNWOOD ROGERS
P1607382 / SUPPLEMENTAL
300 TINGEY ST SE   
07/06/16 
FC BOILERMAKER LLC / GEORGE W. HALL
E1607850 / SUPPLEMENTAL
   
07/06/16 
FC BOILERMAKER LLC / GEORGE W. HALL
E1607851 / SUPPLEMENTAL
355 WATER ST SE   
07/08/16 
JANET WAEMA AMERICAN KIDNEY FUND
TN1600173 / CONSTRUCTION
SPECIAL EVENT KIDNEY ACTION DAY 2 20X40 TENTS 1 14 X 24 STAGE
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.


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Hampton Inn ('15)
Southeast Blvd. ('15)
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Camden South Capitol ('13)
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225 Virginia/200 I ('12)
Foundry Lofts ('12)
1015 Half Street ('10)
Yards Park ('10)
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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)
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