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3rd at I, Looking South-Southwest (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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Recent Crime Incidents Archive  
1000 B/O 8TH ST SE   THEFT F/AUTO
 05/01/15
1100 B/O NEW JERSEY AVE SE   THEFT
2nd Degree
 04/26/15
1100 B/O NEW JERSEY AVE SE   THEFT
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100 B/O L ST SE   THEFT
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400 B/O M ST SE   THEFT
Shoplifting
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Active Public Space Permits Archive  
1401 11TH ST SE    Maryland Transit Administration 
Issued
new  
 12/30/14
to
12/29/15
861 NEW JERSEY AVE SE    CSX Transportation Inc. 
Assigned
paving; excavation  
 01/09/15
to
10/09/15
1100 NEW JERSEY AVE SE    Capitol Riverfront BID 
Issued
streetfixture; new  
 08/19/14
to
08/18/15

Recent Issued Building Permits Archive  
1011 1ST ST SE   
04/20/15 
COLIN CLARK / MICHAEL BIANCO; COLIN CLARK; MITCH PERMUY
E98099105 / SUPPLEMENTAL
1277 1ST ST SE   
04/15/15 
BALLPARK RESIDENTIAL LLC / CLARK CONSTRUCTION GROUP LLC
AH1500366 / CONSTRUCTION
ON-SITE PROJECT WORK AND TRUCK DELIVERY HOURS 6:00AM - 7:00PM MONDAY THROUGH SATURDAY FOR THE PROJECT DURATION AND THE FOLLOWING HOLIDAYS: EMANCIPATION DAY 4 / 16 / 15 COLUMBUS DAY 10 / 12 / 15 VETERANS DAY 11 / 11 / 15
1331 2ND ST SE   
04/27/15 
CORMAN CONSTRUCTION
AH1500391 / CONSTRUCTION
ADDITION OF STRUCTURES TO EXISTING FOR SEWER DIVERSION
1331 4TH ST SE   
04/17/15 
CLARK CONCRETE
AH1500371 / CONSTRUCTION
AFTERHOURS TO POUR CONCRETE ON ROOF FROM 4 / 20 / 2015 TO 5 / 20 / 2015 FROM 7PM TO 7AM
   
04/21/15 
FC 1331 LLC / JAMES G HOLT
E1505081 / SUPPLEMENTAL
   
04/28/15 
FC 1331 LLC / JOHN E KELLY
E1505324 / SUPPLEMENTAL
1150 5TH ST SE   
04/15/15 
DGS DCPS / BRUCE PAIGE INDUSTRIAL SERVICES
B1506192 / CONSTRUCTION
REPLACE EXISTING INOPERABLE GENERAC GENERATOR WITH A NEW 6.7L GENERAC GENERATOR
   
04/28/15 
DISTRICT OF COLUMBIA / TYRAN D. BRANNUM
E1505319 / SUPPLEMENTAL
1007 8TH ST SE   
04/28/15 
CALLE OCHO LLC / DONALD V. ELLENBERGER
M1501749 / SUPPLEMENTAL
1015 HALF ST SE   
05/01/15 
PRUDENTIAL / KRISTINA DELGADO
B1506909 / CONSTRUCTION
INTERIOR ALTERATION TO PARTIAL 1ST FLOOR SECURITY SUITE MAILROOM AND STORAGE.
   
05/01/15 
HALF ST SE LLC / JOSEPH J FLYNN
E1505425 / SUPPLEMENTAL
82 I ST SE   
04/24/15 
GREYSTAR /RCP DEVELOPMENT / KIM MITCHELL CDKM CONSULTING LLC
SH1500031 / CONSTRUCTION
REVISION TO PERMIT #SH1400084 TO REMOVE TIE-BACKS - ALL BRACING WILL BE ENTIRELY FROM INSIDE THE EXCAVATION BY USE OF CROSS LOT AND CORNER LOT AND RACKERS IN AN EFFORT TO KEEP ALL MEASURES INSIDE THE PROPERTY LINE.
   
05/01/15 
CSX TRANSPORTATION INC / KIM MITCHELL
FD1500026 / CONSTRUCTION
FOUNDATION TO GRADE WORK FOR NEW 13-STORY RESIDENTIAL PROJECT AT EYE STREET AND NEW JERSEY AVE SE
41 L ST SE   
04/30/15 
WASHINGTON METROPOLITAN AREA TRANSIT AUTHORITY C/O MRP REALTY / JOHN DIEHL C/O ECC INC.
SB1500258 / CONSTRUCTION
DUE DILIGENCE INVESTIGATION: INSTALLATION OF FIVE 3-INCH DIAMETER GEOPROBE SOIL BORINGS EXTENDING TO DEPTHS OF 25 FEET BELOW GRADE. BORINGS WILL BE ABANDONED ON THE SAME DAY AS DRILLING VIA TREMIGROUT APPLICATION OF BENTONITE SLURRY CONSISTING OF TWO POUNDS OF BENTONITE POWDER TO ONE GALLON OF WATER.
55 M ST SE   
04/14/15 
HINES GLOBAL REIT / JOHN GIUSEPPE-RAMCO
TL1500090 / CONSTRUCTION
FIRST TIME TENANT CONSTRUCTION FOR NEW OFFICE SPACE ON THE 9TH FLOOR FINCANTIERI MARINE GROUP AS SHOWN ON THE ATTACHED THIRD PARTY REVIEWED AND APPROVED MECH. PLUMB. ELECT. FIRE PROTECTION AND ARCH. PLANS BY KTA GROUP. INTERIOR WORK ONLY. NO CHANGE IN USE.
   
04/15/15 
HINES GLOBAL REIT / JOHN GIUSEPPE-RAMCO
TL1500077 / CONSTRUCTION
TENANT LAYOUT TO CONSTRUCTION NEWTHIRD FLOOR OFFICE SPACE FOR GREAT MINDS AS SHOWN ON THE ATTACHED THIRD PARTY REVIEWED AND APPROVED MECH. PLUMB. ELECT. FIRE PROTECTION AND ARCH. DWGS. BY KTA. INTERIOR WORK ONLY NO STRUCTURAL WORK INVOLVED.
   
04/17/15 
HINES GLOBAL REIT 55 M STREET LLC /
P1505068 / SUPPLEMENTAL
   
04/22/15 
HINES GLOBAL REIT 55 M STREET LLC / JOSEPH SAFFER
P1505229 / SUPPLEMENTAL
80 M ST SE   
04/20/15 
WELLS REIT II 80 M STREET LLC / JOHN GIUSEPPE-RAMCO
B1503697 / CONSTRUCTION
RENOVATIONS TO EXISTING 5TH FLOOR OFFICE SPACE FOR TASC PHASE I AS SHOWN ON THE ATTACHED THIRD PARTY REVIEWED AND APPROVED MECH. PLUMB. ELECT. FIRE PROTECTION DEMOLITION AND ARCH. DWGS. BY KTA. INTERIOR WORK ONLY. NO STRUCTURAL WORK INVOLVED. NO CHANGE IN USE.
   
04/22/15 
WELLS REIT II 80 M STREET LLC /
P1505220 / SUPPLEMENTAL
50 M ST SE   
05/01/15 
KCG 50 M LLC
SH1500032 / CONSTRUCTION
REVISION TO SH1400087 TO CHANGE SHEETING / SHORING DESIGN AND TO CHANGE THE CONTRACTOR.
55 M ST SE   
04/23/15 
HINES GLOBAL REIT 55 M STREET LLC / BERNARD D SASSER
E1505192 / SUPPLEMENTAL
80 M ST SE   
04/21/15 
WELLS REIT II 80 M STREET LLC / RONNIE E WRIGHT
E1505080 / SUPPLEMENTAL
   
04/21/15 
NOT AVAILABLE NOT AVAILABLE / NEIL NUTWELL; NOT AVAILABLE NOT AVAILABLE; NEIL NUTWELL
P84507258 / SUPPLEMENTAL
   
04/21/15 
UNKNOWN UNKNOWN / PATRICK BARRON; UNKNOWN UNKNOWN; ROBIN MALLEY
E38207212 / SUPPLEMENTAL
   
04/22/15 
WELLS REIT 80 M STREET LIC / FRED MILLER; WELLS REIT 80 M STREET LIC; DOMINIC TOTARO
AR62521964 / SUPPLEMENTAL
   
04/23/15 
TASC TASC / KEVIN HOOVER; TASC TASC; KEVIN HOOVER
E43277941 / SUPPLEMENTAL
100 M ST SE   
04/28/15 
SQUARE 743 INC / DAVID RAINE; SQUARE 743 INC; DAVID RAINE
P38575591 / SUPPLEMENTAL
300 M ST SE   
04/21/15 
NA NA NA
EHOP1290001 / HOME OCCUPATION
800 NEW JERSEY AVE SE   
04/27/15 
BAKER DC LLC / CHRISTINE LONG
AH1500376 / CONSTRUCTION
AN AFTER HOURS PERMIT IS RESPECTFULLY REQUESTED FROM 7:00PM THRU 7:00AM MONDAY THRU SUNDAY
1000 NEW JERSEY AVE SE   
04/13/15 
CAPITOL HILL TOWER HOUSING COOPERATIVE INCF / BRIAN DENNIS
P1504947 / SUPPLEMENTAL
1500 SOUTH CAPITOL ST SE   
04/15/15 
WASHINGTON NATIONALS STADIUM LLC / JOHN GIUSEPPE-RAMCO
B1506296 / CONSTRUCTION
REVISION TO BLDG. PERMIT B1503799 NEW TEAM STORE AT NATIONALS PARK AS PER THE ATTACHED THIRD PARTY REVIEWED AND APPROVED REVISED MECH. PLUMB. ELECT. FIRE PROTECTION AND ARCH. PLANS BY ECS MID ATLANTIC LLC. ORIGINAL APPROVED PLAN SET ATTACHED ALONG WITH WRITTEN DESCRIPTION OF CHANGES MADE.
   
04/17/15 
WASHINGTON NATIONAL STADIUM LLC / DOMINIC E TOTARO
M1501639 / SUPPLEMENTAL
   
04/17/15 
WASHINGTON NATIONALS STADIUM / STEPHEN J. EXELBERT
P1505092 / SUPPLEMENTAL
   
04/22/15 
WASHINGTON NATL STADIUM / JAMES W. SCHIFFHAUER
E1505137 / SUPPLEMENTAL
   
04/28/15 
JOHN GIUSEPPE / DONALD VEALS; JOHN GIUSEPPE; DONALD VEALS
E55177883 / SUPPLEMENTAL
355 WATER ST SE   
04/29/15 
TOUR DE FAT / PAUL GRUBER
TN1500105 / CONSTRUCTION
SPECIAL EVENT TOUR DE FAT 1 36X24 STAGE 1 16X24 STAGE 6 20X20 TENT 35 10X10 TENTS 1 20X20 HEXAGON CABARET TENT YARD PARK ALL TENT TO BE INSIDE THE PARK (42 TENTS)
1409 WATER ST SE   
04/28/15 
D.C. WATER /
B1507009 / CONSTRUCTION
TO INCLUDE A TEMPORARY WOOD POLE WHICH WILL BE THERE FOR 5 YEARS WHICH IS THE ESTIMATED TIME IT WILL TAKE TO COMPLETE THE ANACOSTIA RIVER TUNNEL PROJECT.
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  
1022 - 1109 M ST SE   03/27/15
$ 5,000,000
WASHINGTON HUMANE SOCIETY
 
9TH ST SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
POTOMAC AV SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
POTOMAC AV SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
POTOMAC AV SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
1103 9TH ST SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
1105 9TH ST SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
816 POTOMAC AVE SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
0819R L ST SE   03/03/15
$ 3,730,000
818 POTOMAC AVENUE SE LLC
 
1201 HALF ST SE   02/19/15
$ 9,000,000
WEST HALF RESIDENTIAL II LLC
 
N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
0038 N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
0036 N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
R N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
0030 N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
0032 N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
N ST SE   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
1275 HALF ST   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
HALF ST   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
M ST   02/19/15
$ 36,000,000
WEST HALF RESIDENTIAL III LLC
 
1ST ST SE   02/10/15
$ 1,913,472
BALLPARK HOTEL LLC
 
1ST ST SE   02/10/15
$ 1,913,472
BALLPARK HOTEL LLC
 
1ST ST SE   02/10/15
$ 1,913,472
BALLPARK HOTEL LLC
 
1ST ST SE   02/10/15
$ 6,600,000
BALLPARK RESIDENTIAL LLC
 
1ST ST SE   02/10/15
$ 6,600,000
BALLPARK RESIDENTIAL LLC
 
1ST ST SE   02/10/15
$ 6,600,000
BALLPARK RESIDENTIAL LLC
 
1ST ST SE   02/10/15
$ 6,600,000
BALLPARK RESIDENTIAL LLC
 


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